Federal Reserve policymakers stressed on Monday that they will raise borrowing costs further to curb inflation, with one key official saying that he sees interest rates heading somewhat higher than he had forecast just a… Read More »Fed Officials Say More Rate Hikes Coming; Williams Flags Path to Cuts
Inflation cast a long shadow over Black Friday 2022. Consumer prices rose 7.7% year over year in October, leaving millions of consumers wary as they entered the holiday shopping season. In total, 56 million United States consumers plan… Read More »More Consumers Shopped With Apps Than at Malls on Black Friday
Are you bullish about the stock markets in 2023? If so, you may be looking at year-end strategies to prepare for brighter investing horizons. For example, after the stock market declines of 2022, you may… Read More »7 Wash Sale Facts To Know Before Selling Stock For Tax Loss Harvesting
New York Gov. Kathy Hochul (D) on Tuesday signed a law temporarily restricting cryptocurrency mining in the state over environmental concerns, making it the first state nationwide to implement such a move. The bill was delivered to the governor… Read More »New York becomes the first state to restrict cryptocurrency mining
Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a recession prediction. But lately, shouts of recession have become a bit quieter, and a… Read More »Recession fears receded this earnings season
Audit firms would have to report once a year to the Public Company Accounting Oversight Board and their clients’ audit committees on how effective their systems are. The Public Company Accounting Oversight Board on Friday… Read More »U.S. Audit Watchdog Looks to Strengthen Rules on Quality Controls
Investors flocked back into equities at the fastest pace in about eight months on signs of cooling inflation, but Bank of America Corp. strategists warn the rally will fizzle out due to earnings risks and… Read More »Bank of America sees bear rally fizzling out even as equity inflows surge
JPMorgan Chase & Co. economists projected the US will enter a “mild” recession next year thanks to interest-rate hikes that could cost more than 1 million Americans their jobs, and the Federal Reserve will pivot… Read More »JPMorgan Sees ‘Mild’ US Recession in 2023 on Fed’s Rate Hikes
The number of organizations hit with cyberattacks is rising, according to a new report focused on US and UK businesses. About 75% of organizations have experienced a serious cyberattack in the past three years —… Read More »Serious cyberattacks on the rise, report shows
Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail… Read More »US retail sales rose 1.3% last month, a sign of resilience