U.S. manufacturing output unexpectedly weak in May
Production at U.S. factories unexpectedly fell in May, the latest sign of cooling economic activity as the Fed tightens monetary policy to tame inflation.
Ron Baron says this is a once-in-a-generation buying opportunity as stocks tumble into bear market
Ron Baron believes investors are presented with a once-in-a-lifetime buying opportunity after stocks fell into a bear market on fears of a recession.
The bear market would end in October with the S&P 500 at 3,000, if it follows history exactly
The peak to trough decline in a bear market has been 37.3% on average with a duration of 289 days, according to Bank of America.
SpaceX fires at least 5 employees after internal letter criticizes CEO Elon Musk
SpaceX has fired at least five employees involved in circulating a letter around the company that was critical of CEO Elon Musk.
Babel Finance suspends withdrawals as crypto markets slump
Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday.
FDA authorizes Pfizer and Moderna’s Covid vaccines for children as young as 6 months
The White House expects vaccinations to begin as soon as Tuesday.
Jan. 6 panel says Pence’s ‘life was in danger’ during Capitol riot: Here are the other big takeaways
The panel focused on John Eastman, a lawyer advising Trump who pushed the theory that Pence could take decisive action that could overturn Biden’s election win.
Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers
Legislators and retailers want Amazon and Facebook Marketplace to crack down on the sale of stolen goods following a recent spree of organized retail theft.
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank’s commitment to bringing down inflation.
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank’s commitment to bringing down inflation.