Some good news for inflation-weary Americans: There will be no price hike on Costco‘s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item’s price: “No.” Costco has continued to […]
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Near-term inflation expectations hit record high, New York Fed survey shows
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Consumers’ inflation expectations over the next year hit record highs, though the outlook over the longer term grew a little more optimistic, according to a survey Monday […]
Twitter shares sink after Elon Musk terminates $44 billion deal
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares sank in premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the […]
Stocks slide to start the week as Wall Street prepares for earnings season to kick off
Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities fell Monday as Wall Street braced for big company earnings reports slated for later in the week which could signal how inflation is impacting businesses. The Dow Jones Industrial Average slipped by 120 points, or 0.38%. […]
Bernie Ecclestone: Former F1 boss to be charged with fraud over assets worth more than £400m
Getty Images | Getty Images Sport | Getty Images Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation over an alleged failure to declare £400m of overseas assets to the government. The charge against the 91-year-old was authorised by the Crown Prosecution Service (CPS) on […]
White House Covid czar Dr. Jha: This stat shows why many Americans still don’t trust the science
Americans are growing less and less trusting of medical advice from experts, and lack of representation in the scientific field may be a reason why, says Dr. Ashish Jha. “If you look at the experience of the way the public health system has treated, let’s say, African-Americans in America, there’s […]
Twitter shares sink in premarket trading after Elon Musk terminates $44 billion deal
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares sank in premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the […]
S&P 500 futures fall as traders brace for the start of earnings season
Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures fell early Monday morning as Wall Street looked ahead to big company earnings reports. Futures tied to the Dow Jones Industrial Average slipped by 173 points, or 0.55%. S&P 500 futures fell 0.7%, and Nasdaq […]
Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid in premarket trading after Elon Musk announced late Friday that he was abandoning his $44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. […]
Europe on high alert as Russia temporarily halts gas flows via major pipeline
The Nord Stream 1 pipeline, through which Russian natural gas has been flowing to Germany since 2011, will be shut down for around 10 days for scheduled maintenance work. Picture Alliance | Picture Alliance | Getty Images Europe is bracing for an extended shutdown of Russian gas supplies as maintenance […]