Economy

Target has been on fire this year. HSBC sees more upside ahead

Analyst Joe Thomas upgraded the merchandise retailer giant to buy from hold.

So long PSL, hello apple-flavored everything

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The Fed isn't fighting inflation. It's bankrolling Wall Street

Central banks talk about interest rate hikes in very clinical terms. They call them a painful but necessary medicine. The Federal Reserve Board is currently locked into an aggressive tightening cycle. The American public must now accept a cooling labor market. Families face credit card debt at multi-decade highs and prohibitive mortgage rates. The official narrative says demand must be crushed to restore economic balance.

Washington’s new budget shortcut is a time bomb

Every September, Washington holds a fire sale on your money. Agencies with cash left rush to sign contracts and cut grant checks before Sept. 30, because they fear leftover funds will invite future budget cuts. Think Black Friday with a federal seal.

Inflation moves in the right direction, but markets are still not out of the woods

Wall Street got some much-needed inflation data on Wednesday.

Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected

The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.

Million-dollar question: Between S&P 500 bulls and bears, who would likely win?

The bulls are convinced that the SPX is poised for a "massive upside reversion," while the bears argue that the SPX "can't hold up much longer."

Missile alerts cost Ukraine $45m for every hour they halt businesses

Figure cited by minister highlights trade-offs Kyiv faces as it tries to keep normal life moving amid Russian strikes

'Don’t go with a fund, go with a solution': CEO’s tips from decades of global investing

BlueFive Capital CEO Hazem Ben-Gacem talks about his preferred investment areas and strategies.

Beijing warns of retaliation if Europe imposes curbs on Chinese businesses

China must "respond firmly" if the EU introduces restrictions on Chinese businesses or products, the Commerce Ministry said, according to a CNBC translation.

China Factory Activity Snaps 2-Month Contractionary Streak in September

China's factory activity returned to growth in September as a deepening economic malaise prompts policymakers to ramp up stimulus steps and bolster growth.

Wednesday's big stock stories: What’s likely to move the market in the next trading session

Stocks posted back-to-back losses on Tuesday as Treasury yields continued their rise.