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The Latest Breaking News from Bill Adams

Stock Market Today: Dow Drops 404 Points Ahead of Powell's Testimony

The main indexes sold off sharply as anxiety ramped up ahead of tomorrow's congressional testimony from Fed Chair Powell.

Kiplinger

Stock Market Today: Stocks Rise Ahead of Fed Meeting, Big Tech Earnings

The main indexes notched notable gains ahead of a busy week on Wall Street.

Kiplinger

Stock Market Today: Stocks Close Flat After Mixed Inflation Data

Stocks closed well off their session highs after data showed headline inflation accelerated in December.

Kiplinger

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US Achieves Record Oil Production Amidst Geopolitical Tensions

Despite conflicts and regulatory challenges, US oil production reaches highest level on record, boosting economy

Zenger

What’s pushing inflation down? More goods, workers and housing

But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago.

Chicago Sun-Times

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%

The average rate on the benchmark 30-year home loan rose for the seventh straight week, making a significant hurdle for prospective homebuyers

The Independent UK

Kevin McCarthy's Impeachment Inquiry Provokes Predictably Polarized Reactions

Plus: The Stations of the Cross isn't a zoning violation, inflation is making people poorer, and Russian mercenaries win hearts and minds with their own branded beer.

Reason

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Walmart is trimming starting wage for some new employees in sign that red hot U.S. labor market is cooling off

The grocery chain raised its minimum wage earlier this year.

Fortune

Robinhood Q2 Earnings: Loss Expected, Focus On Retail Trading Activity

Investors await results as higher interest rates and declining transaction revenues impact performance.

Zenger

US Small Business Confidence Reaches 7-Month High Despite Inflation And Labor Concerns

NFIB's Small Business Optimism Index jumps to 91 in June, highest since August 2022, signaling resilience amid challenges.

Zenger

Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes

The Fed stood pat on interest rates this time around but the central bank's hawkish outlook made for a volatile afternoon.

Kiplinger

Stock Market Today: Stocks Slip as Consumer Sentiment Slides

Concerns about the debt ceiling also weighed on stocks Friday.

Kiplinger

‘Shockingly’ resilient consumers kept Americans out of a recession last year, but now they’re just about spent

Experts weigh in on the latest GDP report. Was the fourth quarter the economy’s final hurrah?

Fortune

4 Experts On What The 8.2% CPI Print Means For The Fed & The Markets: Could 'Supersize' Rate Hike Spark 'Rude Awakening'?

The Labor Department on Thursday reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE: SPY) tumbling lower.

Benzinga

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Benzinga

Experts React To 0.75% Fed Rate Hike: 'Don't Think They Will Pause'

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.

Benzinga

'Stunningly High': Experts React To 8.6% CPI Inflation, Highest In 40 Years

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 2% on Friday morning after the Labor Department reported an 8.6% increase in the consumer price index in the month, the highest inflation reading in any month since 1981.

Benzinga

US Adds 390,000 Jobs In May: 'Little Solace In These Numbers'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% Friday morning after the Labor Department reported strong U.S. jobs market numbers from May.

Benzinga

'Inflation's Momentum Is Still Strong': Experts React To 8.3% CPI Inflation, Higher Than Expected

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs.

Get all your
news in one place.

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Benzinga

'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

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