The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 11, 2022. Brendan McDermid | Reuters Stock futures rose in overnight trading Sunday ahead of an important week as the Russia-Ukraine war continues to escalate and the Federal Reserve could hike rates for the first time since 2018.
In this article ULTA Inside an Ulta store location in New York. Scott Mlyn | CNBC Ulta Beauty is banking on new brand partnerships to boost lagging makeup sales. For the full year 2021, cosmetics accounted for 43% of the retailer’s total sales, the largest segment share by far but a slight dip from fiscal
Elizabeth Frantz | Reuters A majority of small business owners on Main Street say they support more financial relief from the federal government, but the resolution of the battle in Congress last week over the spending bill for the federal government shows that it may not be coming. This shouldn’t be a surprise. With fiscal
A look at why Russia hasn’t used cyber warfare in its current invasion of Ukraine.
A general view of the March Madness logo before game between the Syracuse Orange and the Houston Cougars in the Sweet Sixteen of the 2021 NCAA Tournament at Hinkle Fieldhouse. Aaron Doster | USA TODAY Sports | Reuters After two rocky, pandemic-disrupted years, the March Madness we all know so well is coming back. The
In this article MRVL FIGS TSLA WMG CRWD The New York Stock Exchange welcomes executives and guests of FIGS, Inc. (NYSE: FIGS), on May 27, 2021, in celebration its Initial Public Offering. NYSE Investors aren’t likely to get a break from the market’s tumult any time soon. Stocks were off to a rocky start at
Sevdha Thompson, digital producer of marketing for Coalition Technologies, spent a few weeks working in Costa Rica last year. Courtesy: Sevdha Thompson Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours,
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor dealer Marc McEver was taken back when he heard about the automaker’s plans to separate its electric vehicle and legacy businesses as part of a restructuring under CEO Jim Farley. The
In this article CP-CA A Canadian Pacific Railway locomotive pulls a train in Calgary, Alberta, Canada, on Monday, March 22, 2021. Alex Ramadan | Bloomberg | Getty Images Company: Canadian Pacific (CP) Business: Canadian Pacific owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain,
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The IRS plans to hire 10,000 workers to tackle a massive backlog of more than 20 million unprocessed returns, including filings from previous years. They hope to fill 5,000 open positions in the coming months, with another 5,000
There has been an accidental leak of the treasury’s response to President Biden’s Executive Order on crypto.