Strong consumer demand and pandemic-related supply constraints continued to push up prices in January Some think rising inflation means companies are forced to raise their prices. But as WSJ’s Dion Rabouin explains, it actually works the other way around: Corporations actually drive inflation, and data show that they have been and will continue to push…
Posts published in “Finance”
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The tech billionaire, who has been on the board of the company formerly known as Facebook since 2005, is backing numerous politicians in the midterm elections.Peter Thiel, a venture capitalist and Meta board member, spoke at the Republican National Convention in July 2016.Credit...Stephen Crowley/The New York TimesFeb. 7, 2022Updated 6:57 p.m. ETPeter Thiel, one of…
New York (CNN Business)Starbucks has been hiking prices as inflation soars and labor costs rise. And it's planning more this year. The coffee chain raised its US prices in October and again just last month in January, CEO Kevin Johnson noted during an analyst call Tuesday. He added that the company is planning even more…
Photo Illustration by Pavlo GoncharSOPA Images | LightRocket | Getty ImagesRobinhood is planning to roll out a feature to let its millions of clients trade stocks well outside of normal market hours."We're also close to delivering a feature that our customers have been asking for: an ever larger window of available trading hours. We call…
U.S. health officials say COVID-19 antibody drugs from Regeneron and Eli Lilly should no longer be used because they are unlikely to work against the omicron variant.The Food and Drug Administration said Monday it is revoking emergency authorization for both drugs. If they prove effective against future variants, the FDA says it can reauthorize their…
U.S. stocks opened lower in what may be another volatile session for investors following the massive swings experienced Monday. The Dow Jones Industrial Average fell over 500 points or 1.6%, while the S&P 500 and Nasdaq Composite lost over 2%. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33704.3 -660.20 -1.92%SP500 S&P 500 4305.5…
Bitcoin extended its tumble on Monday, and has now fallen by half from its record high. The cryptocurrency has declined for six out of the last seven days, retreating 10% on Monday, compared to its level at 5 p.m. on Friday. It fell below $33,000, its lowest level since July, before trading around $34,200, according…
A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File PhotoEuropean shares ease as caution rulesCrude oil prices slipU.S. Treasury yields stallChina stocks gain after cut in…
Detroit’s two biggest auto makers— Ford Motor Co. and General Motors Co. —are looking to get into the semiconductor business, after a year of computer-chip shortages that snarled their global factory output. Ford on Thursday morning outlined a strategic agreement with U.S.-based semiconductor manufacturer GlobalFoundries Inc. to develop chips, a pact that could eventually lead…