Intel stock fell over 5% on Friday after the company told investors at a meeting on Thursday that it will have to spend heavily in the next two years to power its turnaround and transformation into a manufacturer for other semiconductor companies.
The stock also took a hit on Thursday when...
For Walmart, the nation’s largest retailer, inflation has become a driver of business.
With consumer inflation at a 40-year-high, most shoppers — rich or poor — will seek out the best prices, CEO Doug McMillon explained.
"During periods of inflation like this, middle-income families, lower middle-income families, even wealthier families become...
Two years ago, investors suddenly became amateur epidemiologists in an effort to determine the level of economic disruption wrought by the Covid-19 pandemic. At the time, virologists themselves were deeply uncertain about the evolution of the virus, while testing capacity was too limited for sweeping conclusions to be drawn.
Yet,...
Billionaire investor Carl Icahn warned red-hot inflation spells trouble for markets, as the government is incapable of controlling price increases.
"It doesn't end happily," the Icahn Enterprises chairman told Bloomberg in a Wednesday interview. He questioned the Federal Reserve's unprecedented money-printing game, aimed at supporting the flow of credit to...
NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem.
“We’re at more risk now than we’ve been in a generation that this could get out of control,” he said during a...
