Q1 GDP fell 1.5%, worse than expected; unemployment insurance claims are down

Q1 GDP fell 1.5%, worse than expected;  unemployment insurance claims are down

A “We are hiring!” sign is displayed at a Starbucks in Los Angeles, California. mario tama | Getty Images The contraction in the U.S. economy at the start of the year was worse than expected as weak investment by businesses and individuals failed to offset strong consumer spending, the Commerce Department reported Thursday. First-quarter GDP … Read more

Q1 GDP fell 1.5%, worse than expected; unemployment insurance claims are down

Q1 GDP fell 1.5%, worse than expected;  unemployment insurance claims are down

A “We are hiring!” sign is displayed at a Starbucks in Los Angeles, California. mario tama | Getty Images The contraction in the U.S. economy at the start of the year was worse than expected as weak investment by businesses and individuals failed to offset strong consumer spending, the Commerce Department reported Thursday. First-quarter GDP … Read more

Fed Minutes: May 2022 – Monetary Policy Could Enter Restrictive Territory

Earlier this month, Federal Reserve officials stressed the need to raise interest rates quickly and perhaps more than markets expect to tackle a burgeoning inflation problem, showed meeting minutes released on Wednesday. Not only did policymakers see the need to raise benchmark borrowing rates by 50 basis points, but they also said similar hikes would … Read more

S&P 500 drops, Snap warning drags tech as Nasdaq loses 2%

The Nasdaq Composite fell on Tuesday as fears over Snap’s dire warning spread to other tech names, while the Dow Jones Industrial Average rallied to the close from day lows. The tech-heavy Nasdaq fell about 2.4% to 11,264.45. The S&P 500 fell 0.8% to 3,941.48. Meanwhile, the Dow Jones added 48.4 points, or 0.2%, to … Read more

Dwayne Haskins ‘drank heavily’ and had ketamine in his system, medical examiner says

NFL quarterback Dwayne Haskins had a blood alcohol level two and a half times over the legal limit when he was killed on a South Florida highway last month, Miami Radios reported Monday. Herald and Fox Sports. Two blood samples were taken with blood coming back at 0.20 and another fluid at 0.24. The legal … Read more

Stock futures fall after Dow returns 600 points

Stock futures fell in overnight trading on Monday as markets struggled to maintain a rebound after weeks of losses. Dow Jones Industrial Average futures fell 130 points, or 0.42%. S&P 500 futures fell 0.89% and Nasdaq 100 futures fell 1.6%. Zoom Video shares jumped 6% in extended trading after sharing a strong second-quarter outlook, while … Read more

Stock futures rise after Dow falls for eight straight week in relentless selling

Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in trading overnight on Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a selloff in the market. Dow Jones industrial average futures gained 150 points, or 0.5%. S&P 500 futures added 0.6% and Nasdaq 100 futures rose … Read more