Champagne makers pop corks on record $6.5B in sales despite inflation
Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive ...
Tag: Economy
Dow jumps 500 points buoyed by Nike, improved consumer confidence
Wall Street’s main stock indexes rose on Wednesday after Nike reported upbeat results, while investors drew comfort from data that ...
Fed’s John Williams says rates could go higher than forecast
New York Federal Reserve President John Williams said on Friday it remains possible the US central bank raises interest rates ...
Retail sales fall 0.6% in November after rising in October
Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, ...
Goldman Sachs to chop at least 400 in retail banking unit: report
Goldman Sachs aims to cut at least a few hundred more jobs, Bloomberg Law reported on Monday, citing people familiar with ...
Jobless claims rise by 4,000 as labor market remains tight
The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end ...
Jamie Dimon warns of possible ‘mild to hard’ recession
Wall Street titan Jamie Dimon warned of a possible “mild to hard recession” as the Federal Reserve continues to hike ...
Dow plunges as economic data adds to Fed rate-hike fears
Stocks tumbled on Monday after better-than-expected service-sector activity added to jitters that the Federal Reserve might continue to hike interest ...
US hiring strong in November as employers added 263,000 jobs
The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience ...
Jobless claims fall by 16,000 after surging a week earlier
Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26. That unwound some of ...
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