Economy

Costco on inflation keeps us from overreacting to hotter producer prices

Wholesale prices in November may have been slightly hotter than expected, but next week’s look at consumer prices is the one that may solidify the Federal Reserve’s upcoming interest rate decision. Ultimately, we think the November consumer price index (CPI) holds more weight with the market and the Fed than Friday’s wholesale figures, known officially …

Costco on inflation keeps us from overreacting to hotter producer prices Read More »

Netflix, Lululemon, DocuSign and more

SOPA Images | Lightrocket | GettyImages Check out the companies making the biggest moves midday: lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. In the third quarter, the company beat Wall Street’s expectations on the top and bottom lines. related investing news Beyond Meat — Beyond …

Netflix, Lululemon, DocuSign and more Read More »

Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling

Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago, which was the …

Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling Read More »

Stocks making the biggest moves after hours: Lululemon, Costco and more

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | GettyImages Check out the companies making headlines in after hours trading. lululemon Shares of athletic apparel company Lululemon shed 9% after it said that it sees a weaker fourth quarter than …

Stocks making the biggest moves after hours: Lululemon, Costco and more Read More »

Jobs data is sending warning signs about the economy

Illustration: Lazaro Gamio/Axios When we talk about the labor market every month — like the strong jobs data that came out last Friday — we’re really talking about two different reports in one, based on different surveys. Driving the newsRight now, the two surveys are sending distinct signals about the trend in employment. Initial claims …

Jobs data is sending warning signs about the economy Read More »

Just 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | GettyImages After a series of crypto-collapses, scandals and bankruptcies, Americans’ views on cryptocurrency have soured sharply, with the CNBC …

Just 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds Read More »

Carvana, MongoDB, TripAdvisor, Toll Brothers and more

A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell more than 32% after Carvana’s largest creditors signed an agreement to negotiate together with the company. Bankruptcy concerns around Carvana …

Carvana, MongoDB, TripAdvisor, Toll Brothers and more Read More »

Markets are bracing for a ‘Powell recession’ that could be coming soon

Just in case there was any lingering doubt, the bond market is now pricing in the near certainty of a recession, induced by the Federal Reserve, that already is here or on the way shortly. The three-month treasury yield now sits some 86 basis points ahead of the 10-year, a level not seen since at …

Markets are bracing for a ‘Powell recession’ that could be coming soon Read More »