Politics

U.S. fiscal policy is undermining the Fed’s efforts to fight inflation

Inflation remains the top issue on investors’ minds, with many trying to determine when the relentless rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes to try to halt the spiral will engineer a so-called soft-landing for the economy — or, instead, send us into a deep recession. Indeed, your …

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Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022.Dado Ruvic | ReutersShares of Digital World Acquisition Corp. fell this week as the company missed a key deadline to hold on to about $1 billion in …

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Robinhood rises after report that SEC will not ban payment for order flow

A woman holds a smartphone with the Robinhood logo in the background.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesShares of retail brokerage Robinhood moved higher on Thursday after a report that U.S. regulators would not ban payment for order flow, a key part of the company’s business model.Bloomberg News reported that the Securities …

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There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist

Ahead of that, stocks are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, -2.46% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. But …

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FAA rejects proposal to halve pilots’ flight-time requirement amid shortage

A Republic Airways plane approaches the runway at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on April 2, 2022.Daniel Slim | AFP | Getty ImagesThe Federal Aviation Administration on Monday said it has rejected a proposal to halve the number of hours required to become a co-pilot, as a severe shortage of aviators …

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Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is fielding a fresh batch of data on Thursday, with the headline retail sales number coming in stronger than expected. And a disastrous rail strike may be inverted. But there’s no cheering up billionaire investor and hedge-fund manager Ray Dalio who in our call of …

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Railroad strike 2022: Intensifying efforts to avert crippling strike go overnight

New York CNN Business  —  Talks aimed at averting a freight railroad strike that could cripple US supply chains continued overnight into Thursday. If the strike goes ahead early Friday, it could send prices higher for goods from gasoline to food to cars. Two rail unions, representing more than 50,000 engineers and conductors who make …

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‘Car guy’ Biden touts electric vehicles at Detroit auto show

DETROIT (AP) — President Joe Biden, a “car guy” with his own vintage Corvette, showcased his administration’s efforts to promote electric vehicles during a visit Wednesday to the Detroit auto show. Biden traveled to the massive North American International Auto Show to plug the huge new climate, tax and health care law that offers tax …

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Railroad strike, and the economic damage it would cause, looms closer

New York CNN Business  —  A freight railroad strike, and the economic upheaval it could cause, is getting closer and closer to reality. While two more rail unions reached tentative agreements with railroad management on new contracts Tuesday, the two most important unions — representing the engineers and conductors who make up the two-person crews …

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