Is the Fed “cheating”? Calls heat up to give up the pursuit of 2% inflation

Is the Fed "cheating"?  Calls heat up to give up the pursuit of 2% inflation

For at least a decade, the Federal Reserve’s position that a 2% inflation rate is where the economy performs best has been taken as gospel. But with a recession potentially on the horizon and the Fed continuing to pull the brakes, calls are mounting that the central bank should reexamine what was essentially an arbitrary … Read more

Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Japan sees core inflation at 40-year high as Asia-Pacific stocks rise

Tencent and NetEase shares soar after China approves game titles Shares of Chinese technology companies Tencent And NetEase listed in Hong Kong soared after the companies were granted gaming licenses by China’s National Press and Publication Administration. Tencent shares rose 3% on the open, and NetEase is up more than 5%. The regulator has released … Read more

Bitcoin prices tumble as FTX contagion spreads and Genesis halts withdrawals – CNBC Crypto World – CNBC Television

Bitcoin prices tumble as FTX contagion spreads and Genesis halts withdrawals - CNBC Crypto World - CNBC Television

Bitcoin prices drop as FTX contagion spreads and Genesis halts withdrawals – CNBC Crypto WorldCNBC television The size, scope of the FTX failure becomes clearer as users fear the worstCP24 From Genesis to Gemini, how FTX’s collapse signals that no one is safeBNN Bloomberg Opinion | The collapse of a crypto empire requires an industry-wide … Read more

Hong Kong Stocks Rise 2% in Asia Ahead of US Mid-Term Elections and China Trade Data

Hong Kong Stocks Rise 2% in Asia Ahead of US Mid-Term Elections and China Trade Data

China still reopens ‘in months’ despite talk of preparations: Goldman Sachs Speculation about China’s reopening led to a rally in markets last week, but Goldman Sachs economists say there are still “months away”. “The actual reopening is still months away as the vaccination rates of the elderly remain low and the casualty rates seem high … Read more

Dow futures drop 200 points as investors await the mid-term election and inflation report

Dow futures drop 200 points as investors await the mid-term election and inflation report

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters US stock futures fell on Sunday as investors looked to a week filled with midterm congressional elections as well as the latest consumer inflation report. The Dow Jones Industrial Average futures fell 187 points, or 0.6%. … Read more

Why booking a trip on the phone is a bad idea

Why booking a trip on the phone is a bad idea

By SAM KEMMIS NerdWallet Since the launch of the first iPhone 15 years ago, consumer shopping habits have slowly but surely shifted to mobile devices. According to a survey of 3,250 US consumers by Pymnts.com, a website dedicated to analyzing the role of payments in new technologies, the majority of travel service purchases (51.4%) were … Read more