Minneapolis (CNN Business)In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans' jobs, from economic "pain" to "unfortunate costs" and a "softening labor market." Data, however, doesn't min

New York (CNN Business)Former Trump economic official Gary Cohn is in favor of President Joe Biden lifting some Trump-era tariffs imposed on China to address high inflation. "These tariffs are adding to the cost of many goods that US consumers are buying," Cohn told CNN. Cohn, now vice chairman at I

(CNN Business)Elon Musk, the Tesla and SpaceX CEO and world's richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, Business Insider reported on Wednesday. Musk, who posted a tweet on May 24 saying "USA birth rate has been below min sustainable levels for

Stocks tried to advance – and then failed. The failure being credited to caution at Apple – Ridiculous. IBM beats across all lines but warns of $ strength – algo’s take it down. T-48 hrs – what will Vlad do with Nordstream. Try the Summer Risotto. So the Fear of Missing Out – blew up on Monday….stoc

This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third c

We heard from three central banks this week: the Reserve Bank of New Zealand (RBNZ), the Bank of Canada (BoC), and the European Central Bank (ECB). The first two hiked by 50 bps, the latter of course kept rates steady. All three warned of the same thing: the risk that people begin to think that the

New York (CNN Business)The still-clogged global supply chain continues to wreak havoc on the auto industry. Ford said late Monday it will end September with between 40,000 and 45,000 large pickups and SUVs that it can't finish because it doesn't have all the parts.Negotiations on various supplies, w

A Crawling Peg Exchange Rate - What is Crawling Peg? Counties facing Forex volatility and economic instability may use a crawling peg exchange rate to shield their economy from negative fallout, but what is a crawling peg? We will explain the two types of a crawling peg exchange rate and discuss its

Crypto prices jumped alongside etch stocks after the Federal Reserve announced it would raise interest rates by 75 basis points. Dreamstime Bitcoin and other cryptocurrencies were rallying on Thursday as investors piled back into risk-sensitive assets following the Federal Reserve’s latest decision