NEW YORK, June 06, 2023--Top high school teams in America named in Council for Economic Education's National Personal Finance Challenge.
Shrinkflation is the economic term for manufacturers reducing the size, quantity or weight of their products without decreasing prices.
Total retail sales increased by 3.9% last month, against a decline of 1.1% in May 2022, according to new data from the British Retail Consortium.
Investors have pulled around $780m (£628.4m) from crypto exchange Binance in the last 24 hours, data company Nansen has said, as US regulators accused the trading platform and its founder of a “web of deception”.
This is an audio transcript of the Money Clinic podcast episode: ‘Best of Money Clinic — Investment Masterclass: Stuart Kirk has ‘skin in the game’’Claer BarrettHi, it’s Claer here. The FT has given me some time off for good behaviour.
For all its orthodox rhetoric, the party’s plans for an interventionist industrial policy would represent a striking shift
Investing.com-- The Australian dollar surged 0.7% on Tuesday following the Reserve Bank of Australia's (RBA) decision to increase interest rates by 25 basis points (bps) to 4.10% on Tuesday, surpassing market expectations. This move marks the second rate hike after a brief pause in April, driving interest rates above 4% for the first time in nearly 12 years.
Investing.com -- The Reserve Bank of Australia raised interest rates on Tuesday, warning that inflation still remained too high in the country and that more policy tightening may still be in order this year.
Investing.com -- Most Asian currencies rose slightly on Tuesday, taking some relief from a weaker dollar after U.S. service sector data disappointed for May, while the Australian dollar crept lower amid uncertainty over a Reserve Bank interest rate decision.
It seems as though we’ve been talking about a recession for about three years now.
British Airways, Boots and the BBC confirmed they had been hit by a “cyber security incident” affecting their payroll provider, which is also likely to have attacked scores of British companies including some of the country’s best-known names. The European Space Agency outlined a plan to send astronauts to the moon on a homegrown rocket within a decade. US banks are preparing for losses in the teetering commercial property estate market which could be “the next shoe to drop” after the recent turmoil among regional banks.
Despite a recent surge in stocks, Morgan Stanley sees an earnings recession on the horizon in 2023.
The Directors Guild of America reached a tentative agreement with the Alliance of Motion Picture and Television Producers as the writers' strike enters its sixth week.
JPMorgan's (JPM) president, Daniel Pinto, believes that loan demand is declining, and the firm's IB and markets revenues will be down 15% in the first half of 2023.
The future looks bright for this fallen e-commerce stock that is expanding its arsenal of artificial intelligence (AI) tools.
Back in 2002, the pair published The Emerging Democratic Majority, a work that basically created the “demographics is destiny” concept. A lot of people took the idea as a fait accompli — but clearly hadn’t read the book, which actually held that a growing Democratic coalition of younger people, urban professionals, minorities and single working women could only be a winning base if Democrats could also keep working class whites under the same banner. The two authors are now back to dissect why the Democratic coalition — which came together during the New Deal — worked so well for such a long time, why it ultimately fell apart, and what Democrats must do to rebuild a winning coalition as the party of working people.
It's time to call out some trends to watch in the stock market before hitting the surf and sand.
U.S. stocks are mixed as investors look toward next week’s meeting of the Federal Reserve. At 11:34 ET (14:19 GMT), the Dow Jones Industrial Average was down 93 points or 0.3%, while the S&P 500 was up 0.3% and the NASDAQ Composite was up 0.6%. Investors are trying to assess the chances of the Fed raising interest rates again next week after raising them at consecutive meetings since last spring.
Altria always seems to be on the losing side of settlements when its patrons suffer. Just last month, Altria reached a settlement in which it will pay $235 million to resolve at least 6,000 Juul-related cases.
Investing.com -- Shares in Asos PLC (LON:ASOS) surged by almost 10% on Monday after the fast fashion retailer reportedly received a bid from Turkish rival Trendyol late last year.
Investing.com -- Saudi Arabia vows to slash oil production from next month, while U.S. President Joe Biden signs into a law a bill that lifts the country's debt ceiling and averts a possibly catastrophic default. Elsewhere, Apple gears up to reveal a long-awaited "mixed reality" headset.
Investing.com -- Growth in China’s services sector sped up in May, a private survey showed on Monday, as the relaxing of anti-COVID measures continued to push up consumer demand and boost employment in the services industry.
Economic data does not move in smooth, straight lines. And history says the signal from one month’s move is just not reliable.
Grants can be a lifeline for small businesses, as it isn't easy to access capital in the current economy. Learn about the grants to have on your radar in Texas.
Wall Street can look vastly different depending on your investment timeline. When examined over multiple decades, we see that stock market corrections are commonplace, but the uptrend in the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) is well-defined. Over shorter periods, directional movements on Wall Street become far less predictable, as evidenced by the three major U.S. stock indexes plunging into a bear market in 2022.