Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank’s determination to bring inflation down.
Financial News
Tesla revenues grow 81% from last year
Tesla reported earnings after the bell. Here are the results.
Netflix shares crater 25% after company reports it lost subscribers for the first time in more than 10 years
It’s the first time the streamer has reported a subscriber loss in more than a decade.
Stocks fall slightly on Monday as investors brace for earnings reports, impact from higher rates
Earnings season is set to ramp up this week and investors will be paying close attention to forward guidance.
China’s Covid policy locks down a city three times the size of New York
China’s latest wave of Covid restrictions have forced millions of people to stay home and undergo mass virus testing in the metropolis of Shanghai.
Twitter board adopts ‘poison pill’ after Musk’s $43 billion bid to buy company
The board voted unanimously to adopt the plan.
In an unexpected move, China holds back on cutting key rate
China’s central bank in a surprise move kept a key interest rate unchanged on Friday, despite expectations for more stimulus as Beijing grapples with a Covid surge.
Elon Musk says he’s ‘not sure’ he’ll be able to buy Twitter after $43 billion bid, teases a plan B
Musk’s comments came hours after a regulatory filing revealed that he offered to acquire Twitter for $54.20 per share, or about $43 billion.
Stocks rally on mostly positive earnings, snapping 3-day losing streak for S&P 500, Nasdaq
Corporate earnings season kicked off with mostly positive earnings, and traders looked past surging inflation numbers.
S&P 500, Nasdaq fall for a third day, reversing earlier gains, after report shows highest inflation since ’81
The recent spike in U.S. inflation has helped increase expectations of tighter monetary policy from the Federal Reserve.