While most economists are talking about the Federal Reserve raising interest rates more aggressively after Thursday’s news of raging inflation, Nobel laureate economist Paul Krugman says the Fed shouldn’t go overboard. Consumer price soared 7.5% in the 12 months through January, the biggest increase in almost 40 years. The Fed does need to do some…
Predicting the next big thing has been notoriously hard. Remember when 3D printers were the future? How about the upcoming dominance of 3D television or people fleeing New York City never to return? How about when Napster seemed like the future of the music industry or MySpace seemed like an unstoppable social media powerhouse. A…
SpaceX CEO Elon Musk previewed plans for the company’s huge reusable Starship rocket Thursday which he hopes to eventually fly to Mars. Musk, who is also CEO of Tesla (TSLA) – Get Tesla Inc Report, spoke from the company’s launch facility in southern Texas with the fully assembled rocket in the background. “Starship is capable…
Tesla (TSLA) – Get Tesla Inc Report has moved its headquarters from Fremont, Calif., to Austin. But Elon Musk’s group is not done with California, where it still produces and sells a large number of cars. California has just filed a complaint against the owner of the Model 3, which it accuses of tolerating discrimination against…
The future looks great from the perspective of Memphis-based First Horizon National Bank. On a recent episode of “Mad Money,” Jim Cramer spoke with D. Bryan Jordan, chairman, president and CEO of First Horizon National Bank (FHN) – Get First Horizon Corporation Report. Shares of First Horizon have risen almost 20% over the past year.…
Updated at 11:19 am ESTU.S. stocks powered higher Wednesday, following on from solid rallies in Europe and Asia, as investors latched on to solid corporate earnings and fading geopolitical risks to turn markets positive for the month. Inflation concerns continue to cap sentiment, however, ahead of tomorrow’s January CPI reading that will likely show the…
The idea germinated on New Year’s Eve on the social network Discord. At first it was like a joke: “Well, why don’t we get together and buy McDonald’s (MCD) – Get McDonald’s Corporation Report and guarantee a future job for ourselves in case we fail our crypto trading,” launched one of the participants. It was collective…
J.P. Morgan JPM bullish on global stocks. “We believe that equities still offer upside, and that the cycle is far from over,” the bank’s strategists, led by Mislav Matejka, wrote in a commentary. “We look for more gains in earnings, bottoming out in China activity, after being cautious on the space last year and expect the…
You may have noticed shortages of certain items at your local grocery store. Some of that is due to supply-chain disruption, which is delaying the transport of goods to retailers.But some of it is also a return to the consumer stockpiling of food and household items that was prominent in the early days of the…
The news will undoubtedly delight fans and enthusiasts of cryptocurrencies. January’s cryptocurrency market rout didn’t prompt billionaire Ray Dalio to sell his bitcoins, despite his reservations about digital currencies. The founder and co-chief investor of Bridgewater Associates, the world’s largest hedge fund with about $150 billion in assets under management, confirmed, in a recent episode of…
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