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Economy
Dow futures fall 270 points on fears the Fed will overtighten
Stocks were set for a second day of losses as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation.Futures tied to the Dow Jones Industrial Average fell 274 points, or 0.8%.…
Palantir CEO hits out at tech workers critical of its government work
Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland.Stefan Wermuth | Bloomberg | Getty ImagesPalantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his…
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, they said.The resilient U.S. economy, a…
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock chairman and CEO Larry Fink discusses how close the economy is to a recession and how Washington's bickering over the debt ceiling could harm the United States on 'The Claman Countdown.' BlackRock CEO Larry Fink weighed on…
Bitcoin Surges Above $21,000 Amid Optimism Around Inflation, FTX
(Bloomberg) -- Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation may have peaked.Most Read from BloombergThe largest cryptocurrency rose as much as 7.5% to $21,299. It hadn’t been above $20,000…
Bank of America CEO sees ‘mild recession’ in 2023 and is preparing for worse
Economist Steve Moore and Strategic Wealth Partners investment strategist Luke Lloyd discuss if the Fed will keep raising rates after annual inflation slowed for the sixth straight month on 'Cavuto: Coast to Coast.' Bank of America…
US stocks fall despite investors’ bet on slower Fed rate rises
US stocks fell and Treasuries sold off on Friday after a mixed set of bank earnings overshadowed a further easing of inflation in December, reviving fears of a recession later this year.Wall Street’s blue-chip S&P 500 and the…
For the Fed, ‘3% is the new 2%’ when it comes to inflation
A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeFriday, January 13, 2023Today's newsletter is by Alexandra Semenova,…
Live news: Japan schedules release of contaminated Fukushima water into ocean
A woman walks between signs denoting food prices in a street in Buenos Aires on Thursday © Luis Robayo/AFP/Getty Images
Argentina closed the year with annual inflation accelerating to 95 per cent,…
CPI Checks Most of Powell’s Boxes. Now What?
Comment on this storyCommentThe inflation story took a turn for the better on Thursday when the government reported that the consumer price index fell 0.1% from a month earlier. Policymakers at the Federal Reserve will play down the…