Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping.
Category: Finance News
Inflation peaking? 10 common consumer items where prices are falling
While overall inflation remains high, the prices of some common items are beginning to tick down.
Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Fed President James Bullard said the central bank will continue raising rates until it sees compelling evidence that inflation is falling.
Danger ahead: The U.S. economy has yet to face its biggest recession challenge
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story.
These charts show why we may not be in a recession
If the U.S. economy is in recession, someone forgot to tell the jobs market.
Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession
The Fed’s path to bringing down inflation while keeping the economy from a downturn is still open but getting narrower, according to Goldman Sachs.
Stocks making the biggest moves midday: Bed Bath & Beyond, Cineworld, Foot Locker, Wayfair and more
These are the stocks posting the largest moves in midday trading.
Crypto firm FTX gets warning from FDIC to stop ‘misleading’ consumers about deposit protection
The FDIC issued letters to five crypto companies on Friday demanding that they stop making false claims about deposit insurance.
Collectors flock to the Super Bowl of Cars in Monterey
CNBC’s Robert Frank joins ‘Power Lunch’ with classic car collectors in Monterey, California, to discuss recent trends in the vehicle market and what they mean for owners looking to sell.
Stocks making the biggest moves premarket: Deere, Foot Locker, Bed Bath & Beyond and more
These are the stocks posting the largest moves before the bell.