2-year and 10-year Treasury yields reversed for the first time since 2019 on Thursday, sending a possible warning sign that a recession may be on the horizon. The bond market phenomenon means that the interest rate on the 2-year bond is now higher than the yield on the 10-year bond. This part of the yield …
GameStop shares rose in extended trading on Thursday after the company announced it would conduct a stock split. The video game retailer said it will seek shareholder approval at its next stockholders meeting to increase the number of Class A common shares from 300,000,000 to 1,000,000,000 in part to effect a stock split in the …
GameStop shares surge more than 10% as the company plans a stock split Read More »
If you see a mysterious message on your mobile phone that looks like it came from your own phone number and has a link attached, do not click the link. We repeat: do not click on the link. Verizon customers this week reported receiving text messages that appear to be from themselves. The spam messages …
Scam Alert: Verizon customers are receiving mysterious texts from themselves Read More »
Sarah Tew/CNET Received a shady text message that looks like it’s from your own number? You’re not alone. Many Verizon customers reported receiving similar messages this week, encouraging them to click an obscure link for a gift. The carrier says it is working with police to stop these messages. “Verizon is aware that attackers are …
A spam SMS from your own number? Don’t be phishing Read More »
Traders work as Federal Reserve Chair Jerome Powell makes a remark on a screen at the New York Stock Exchange (NYSE) in New York City on March 16, 2022. Brendan McDermid | Reuters All eyes are on the yield curve between the 2-year and 10-year Treasuries, but investors are watching closely for the wrong signal. …
Investors forecasting a recession are watching the wrong indicator Read More »
The US will release 1 million bpd of oil for 6 months starting in May Biden says allies could unleash 30-50 million barrels more IEA members meet on Friday at 1200 GMT OPEC+ is sticking to the existing agreement with a 432,000 bpd increase in May Benchmarks post biggest quarterly gain since Q2 2020 HOUSTON, …
Oil tumbles 7% as US plans see crude reserves released Read More »
For most Americans, the rising cost of living is taking a heavy toll on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy #1,’” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed hiked rates for the …
The Fed could become more aggressive to fight inflation. How to prepare Read More »
Skippy has voluntarily recalled over 161,000 pounds of peanut butter that “may contain a small fragment of stainless steel from a piece of production equipment,” the company announced Wednesday. Of the 9,353 cases, a limited number of Skippy’s reduced-fat creamy peanut butter spread, reduced-fat chunky peanut butter spread, and creamy peanut butter blend with vegetable …
Skippy recalls peanut butter may contain stainless steel fragments Read More »
Vote counts in a union election at an Amazon warehouse in Staten Island, New York, and a re-election at a facility in Bessemer, Alabama, are both underway. A public vote count, broadcast via Zoom to select viewers, including the press, began Thursday. The Bessemer union vote took place by mail over a nearly two-month period …
The Amazon union vote count is underway for two warehouses Read More »
Consumer spending growth, a key driver of the economy, slowed sharply in February as the Covid-19 omicron surge eased and inflation accelerated amid the Russian invasion of Ukraine. US households increased shipments a seasonally adjusted 0.2% mom in February, compared with a revised rate of 2.7% in January, as spending recovered from an Omicron-related slump …
Inflation weighed on consumer spending growth in February Read More »
