Economy

ECB holds rates but it's not a 'non-event,' economists say. Here's why

liberal

ECB holds rates but it's not a 'non-event,' economists say. Here's why

Economists believe the central bank will be comfortable with the inflation rate where it is, for now, but are watching for signs of disinflation.

7 months ago

economy

Layoffs in January were the highest to start a year since 2009, Challenger says

liberal

Layoffs in January were the highest to start a year since 2009, Challenger says

With the recent narrative centering on a no-hire, no-fire labor market, the data suggests that the layoff part of the equation could be stepping up.

7 months ago

economy

Peloton shares plunge 26% on weak holiday quarter, sluggish demand for splashy new products

liberal

Peloton shares plunge 26% on weak holiday quarter, sluggish demand for splashy new products

Peloton's product overhaul was designed to bring in new customers and encourage existing members to trade up. Instead, shoppers turned away from higher prices.

7 months ago

economy

Bank of England holds rates for now

liberal

Bank of England holds rates for now

Economists give their forecasts for when the next rate cut could take place in 2026.

7 months ago

economy

Minute Maid frozen juice concentrates won't be made anymore

liberal

Minute Maid frozen juice concentrates won't be made anymore

Minute Maid helped make orange juice a year-round morning staple in 1946, when it started shipping cans of frozen juice around the U.S.

7 months ago

economy

Bitcoin drops 13%, breaking below $64,000 as sell-off intensifies, doubts about crypto grow

liberal

Bitcoin drops 13%, breaking below $64,000 as sell-off intensifies, doubts about crypto grow

Some market watchers have suggested $70,000 is a key level to watch and a break below that could lead bitcoin to decline further.

7 months ago

economy

Sweden’s Volvo Cars fell over 22% in its worst trading day ever. Here’s why

liberal

Sweden’s Volvo Cars fell over 22% in its worst trading day ever. Here’s why

The Sweden-based automaker posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.

7 months ago

economy

World's largest jeweler jumps as CEO says firm wants to pivot from silver

liberal

World's largest jeweler jumps as CEO says firm wants to pivot from silver

Pandora, the world's largest jeweler by volume, rose in morning trading after the company addressed investor concerns about its reliance on silver.

7 months ago

economy

Gold bulls hold firm after historic metals sell-off

liberal

Gold bulls hold firm after historic metals sell-off

Gold and silver are showing tentative signs of recovery after an intense sell-off. Here's where investment banks see the metals going.

7 months ago

economy

Oil giant Shell posts weakest quarterly profit in nearly five years, keeps buybacks steady

liberal

Oil giant Shell posts weakest quarterly profit in nearly five years, keeps buybacks steady

The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.

7 months ago

economy

Why Asia's richest man and BlackRock CEO want Indians to pick equities over gold

liberal

Why Asia's richest man and BlackRock CEO want Indians to pick equities over gold

Indians are among the leading buyers of gold in the world, but the country has been seeing increasing financialization of savings, with mutual funds growing in popularity.

7 months ago

economy

European stocks finish lower; Bank of England and European Central Bank hold rates steady

liberal

European stocks finish lower; Bank of England and European Central Bank hold rates steady

European stocks closed lower traders monitored more regional earnings reports Thursday.

7 months ago

economy