Fed’s Barkin says rate increases need to continue until inflation holds at 2%

Fed's Barkin says rate increases need to continue until inflation holds at 2%

Despite positive inflation data this week, Richmond Federal Reserve Chairman Thomas Barkin said Friday that further interest rate hikes will be needed to ease price pressures. This week’s releases showing that consumer and wholesale price increases eased in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So we’re … Read more

Six Flags, Canada Goose, Warby Parker and more

Six Flags, Canada Goose, Warby Parker and more

Check out the companies making headlines before the bell: Six Flags (SIX) – The theme park operator’s stock fell 12.8% pre-market after its quarterly profit and revenue fell well below Wall Street forecasts. Six Flags saw its results penalized by a 22% drop in attendance, among other factors. Canada Goose (GOOS) – The outerwear maker … Read more

Wendy’s, Coinbase, Buzzfeed and more

Wendy's, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading after a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-store sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) … Read more

Wage inflation, used car prices could jump higher: Jim Bianco

Wage inflation, used car prices could jump higher: Jim Bianco

Washington’s efforts to rein in inflation will particularly fail this year, according to market forecaster Jim Bianco. And, he thinks this week’s key inflation data will help prove it. “I don’t see anything that could reduce the rate of inflation. There are some things that could reduce prescription drug prices and maybe a few other … Read more

Stocks making biggest after hour moves: Novavax, Allbirds and more

Stocks making biggest after hour moves: Novavax, Allbirds and more

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of the Novavax logo displayed in this illustration taken October 30, 2020. Dado Ruvic | Reuters Find out which businesses are making headlines after hours. Novavax – The biotech stock fell 32% after Novavax cut its … Read more

Bed Bath & Beyond, AMC and more

Bed Bath & Beyond, AMC and more

An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S. January 27, 2021. Carlos Allegri | Reuters Find out which companies are making headlines in the midday business. Bed Bath & Beyond, AMC — Shares jumped 41% and 13% respectively as social media … Read more

Consumers’ expectations of future inflation decreased significantly in win for the Federal Reserve

Consumers' expectations of future inflation decreased significantly in win for the Federal Reserve

Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The outlook for consumer inflation fell significantly in July amid sharp declines in gasoline prices and growing belief that rapid increases in food and housing would also decline in the future. The New York … Read more

Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves

Fed Governor Bowman sees 'similarly sized' rate hikes ahead after three-quarter point moves

Federal Reserve Bank Governor Michelle Bowman delivers her first public address as a federal policymaker at an American Bankers Association conference in San Diego, California, February 11, 2019. Anne Sapphire | Reuters Federal Reserve Governor Michelle Bowman said on Saturday she supported the central bank’s recent large interest rate hikes and believed they would continue … Read more

Book’s Dairy and Produce is raising the next generation of farmers | News

Book's Dairy and Produce is raising the next generation of farmers | News

BORDEN — The day begins around 5 a.m. for the members of the Book family, because that’s when they start milking the 96 cows on the Borden farm. Book’s Dairy and Produce has been around for at least five generations and its produce, as well as its milk, has fed the people of the area … Read more

Burger King parent says more customers are redeeming coupons and loyalty rewards

Burger King parent says more customers are redeeming coupons and loyalty rewards

A Burger King Whopper burger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers of Burger King and its sister brands are redeeming loyalty program coupons and rewards as inflation drives up menu prices. Restaurant Brands International CEO Jose Cil told CNBC the company hasn’t seen any … Read more