Ken Griffin says the Fed hasn’t done enough, must continue on its path to adjust inflation expectations

Ken Griffin, the founder and CEO of Citadel, believes the Federal Reserve has more work to do to drive down inflation, even after a series of large rate hikes. “We need to continue down that path to ensure we re-anchor inflation expectations,” Griffin said Wednesday at CNBC’s Delivering Alpha Investor Summit in New York City. … Read more

Stanley Druckenmiller sees ‘hard landing’ in 2023 with possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly resolve the excesses it has built up over a decade with accommodative monetary policy will not end well for the US economy. “Our pivotal case is a hard landing towards the end of ’23,” Druckenmiller said Wednesday at CNBC’s Delivering Alpha Investor Summit in … Read more

A game of sheep goes viral in China despite strict game rules

The game from a young Beijing company called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that has gone viral in China has hit people’s screens with surprising speed at a time when gaming giants like NetEase have waited months for approval to launch … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

3 Recent Technology Trends Show Fed Inflationary Pressures Are Working

CNBC’s Jim Cramer said on Thursday that, based on his talks with CEOs, tech companies are feeling pressure from the Federal Reserve against inflation. “While some of these tech companies have business units that may be somewhat immunized against higher borrowing costs, they’re very few here,” said the “Mad Money” host. Cramer, who spent the … Read more

The US Federal Reserve warns that overcoming inflation will lead to more rate hikes after announcing the third 0.75 percent rise in a row

The Federal Reserve has again raised key interest rates in the US and says more hikes are coming in the fight against rising prices. Most important points: US inflation has risen to its highest level in 40 years Federal Reserve Chair Jerome Powell says cutting it will require slower growth and higher unemployment Fed expects … Read more

Palantir CEO Alex Karp says a tidal wave of macroeconomic risks will wipe out some companies

Palantir CEO Alex Karp arrives ahead of a “Tech For Good” meeting held at the Hotel Marigny in Paris on May 15, 2019, to discuss good behavior for tech giants. Bertrand Guay | AFP | Getty Images Palantir CEO and co-founder Alex Karp believes this period of “deadly” macroeconomic uncertainties will crush many companies with … Read more

US interest rate hike: recession fears after ‘aggressive’ 0.75 percent hike

The US Federal Reserve on Wednesday imposed the latest in a series of sharp rate hikes as a sign that policymakers are not shying away from an aggressive campaign to lower decades-long inflation. The interest-earning Federal Open Market Committee (FOMC) raised the national interest rate by 0.75 percent or 75 basis points at the end … Read more

Federal Reserve: Fed goes big again with third consecutive three-quarter-point rate hike

Washington, DC CNN Business — The Federal Reserve made history on Wednesday, approving a third straight increase of 75 basis points in an aggressive effort to tackle the red-hot inflation plaguing the US economy. The super-big hike, unfathomable to markets just months ago, is pushing the central bank’s benchmark lending rate to a new target … Read more