means

Google, Facebook CEOs warn slackers, what it means

Google, Facebook CEOs warn slackers, what it means

Check out what’s clicking on FoxBusiness.com. The chief executives of Alphabet and Meta Platforms, the parent companies of Google and Facebook and major heavy hitters in the tech world, are warning under-performing employees to step it up, drawing concern for potential layoffs amid the continued economic downtown.  The U.S. economy shrank from April through June …

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"Greedflation": Is corporate profit-taking driving prices higher?

What the Fed’s latest interest-rate hike means for your money

The Federal Reserve is again using its most potent weapon in trying to douse the hottest inflation in 40 years: interest rate hikes. But the central bank’s move Wednesday to further raise borrowing costs means consumers and businesses are grappling with back-to-back increases of three-quarters of percentage point — a double-barrel monetary blast that could make …

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Why rising inflation means you should ditch supermarkets for your local farmers market

Why rising inflation means you should ditch supermarkets for your local farmers market

Let’s face it: Groceries are a lot more expensive than they used to be. The cost of eating at home has increased by 12.2% since June 2021, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI). That’s part of an overall 10.4% increase to the cost of food, which also includes the …

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Managing interest rates, concept

Fed Recession May Be Here; What That Means For S&P 500

The Federal Reserve is slamming on the brakes to stem inflation — with another 75-basis-point rate hike expected Wednesday — even as the U.S. economy is sucking wind. A Fed-induced recession now seems highly likely. X Much of the debate is focused on whether a downturn will start this year or 2023. Increasingly, the most …

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What Tesla's bitcoin sale means for the crypto outlook

What Tesla’s bitcoin sale means for the crypto outlook

On Wednesday night Tesla reported in its second-quarter earnings that it sold 75% of its bitcoin holdings for $936 million. The company said it was to maximize its cash position amid Covid-related uncertainty in China. But the move comes about 18 months after the company shocked the financial markets by buying $1.5 billion worth of …

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Here's what Southern California's housing market cooldown means for buyers, sellers

Here’s what Southern California’s housing market cooldown means for buyers, sellers

The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record low borrowing costs. Now, with mortgage interest rates on the rise, home sales are down, inventory is up and the prospect of home value declines is around the corner. In June, the Southern California median …

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What the CDC Decision Means for Royal Caribbean, Carnival Cruisers

What the CDC Decision Means for Royal Caribbean, Carnival Cruisers

The Centers for Disease Control and Prevention kept Royal Caribbean (RCL) – Get Royal Caribbean Group Report, Carnival Cruise Lines (CCL) – Get Carnival Corporation Report, Norwegian Cruise Line (NCLH) – Get Norwegian Cruise Line Holdings Ltd. Report and every other cruise line from sailing from ports in the U.S. from March 2020 through July …

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NYSE senior market strategist on 'bad' inflation data and what it means for future Fed action

NYSE senior market strategist on ‘bad’ inflation data and what it means for future Fed action

FOX Business’ Cheryl Casone reports on June’s Consumer Price Index released Wednesday, which revealed inflation now sits at a fresh 40-year high. New York Stock Exchange Senior Market Strategist Michael Reinking argued on Wednesday that markets were “well-prepared” for the headline inflation number released earlier, but stressed the data was “bad.” Speaking with Fox News …

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