Why the US is entering a stagflation environment
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York (CNN Business)People are selling stocks, selling bonds, selling …
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Stocks continue decline as inflation, rate hike concerns weigh
Stocks in bear market until next year’s ‘bottom’: Expert Piper Sandler chief investment strategist Michael Kantrowitz tells investors to stay defensive, and not to call a market bottom until 2023. …
Why the US is sanctioning Russian bank executives but not the bank itself
New York (CNN Business)Treasury Secretary Janet Yellen on Wednesday signaled US officials will likely end a carve-out in Western sanctions that has allowed Russia to continue make payments on its …
Here's how the Fed's interest rate hike will affect your wallet
New York (CNN Business)The old joke goes like this: Two friends are at a resort and one says, “The food here is really terrible.” The other replies, “And the portions …
What shape might the next recession take?
New York (CNN Business)Target’s earnings didn’t hit the mark. Far from it. The retail giant reported a stunning 52% drop in profit for the first quarter, badly missing Wall Street’s …
Target profit halves on rising costs, warns of bigger margin hit
Charles Payne: Can earnings turn this market around? Gary B. Smith and Quincy Krosby provide insight on record inflation’s impact on the stock market on ‘Making Money.’ Target Corp's first-quarter …
Elon Musk calls on SEC to investigate Twitter's spam, fake account estimate
Elon Musk on President Biden: ‘The real president is the teleprompter’ Tesla CEO Elon Musk said that when it comes to President Biden, “the real president is the teleprompter.” He …
Walmart, Target earnings, existing home sales top week ahead
Have investors become too bearish? Scott Martin and David Dietze provide insight on the stock market and economy on ‘Making Money.’ Traders took a cautious stance as the trading week …
Is Friday Another Dead Cat Bounce? Analysts Upgrade or Downgrade Carvana, First Solar, Ford, UPS, Waste Management and More
Markets bounced back on Friday, but they are still on track to close out the week with a loss. The S&P 500 looks set to post its sixth straight week …
China's services sector contracts for second month
Hong Kong (CNN Business)The Chinese currency is declining rapidly as the world’s second largest economy falters under the weight of Covid restrictions. Since the start of the year, investors have …