Inflation is expected to have declined in December, but it may not be enough to stop the Fed

A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters The pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices,…

Why everyone thinks a recession is coming in 2023

People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020. Nick Oxford | File Photo | REUTERS Recessions often take everyone by surprise. There’s a very good…

Defying forecasts, crude oil prices have wiped out most of this year’s gains and could head lower

Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022.  Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate…

Stocks making the biggest moves midday: Ross Stores, Carvana, Coinbase, Rent the Runway and more

Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top…

Stocks making the biggest moves midday: Apple, Amazon, Intel and more

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Apple – Shares of Apple jumped 7.6% after the technology giant beat both top…

Stocks making the biggest moves premarket: Hormel Foods, Campbell Soup, Ciena and others

Check out the companies making headlines before the bell: Hormel Foods (HRL) – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance. The food producer’s quarterly revenue beat forecasts, but earnings were slightly short. The same was also true for its full-year outlook…

Stocks making the biggest moves midday: Bed Bath & Beyond, Cineworld, Foot Locker, Wayfair and more

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in…

Stocks making the biggest moves after hours: Cisco, Wolfspeed & more

A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Check out the companies making headlines in after hours trading: Cisco — Shares of the networking company advanced…

Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines after the bell Wednesday:  Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1…

Stocks making the biggest moves after hours: Novavax, Upstart, Allbirds and more

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Check out the companies making headlines after hours. Novavax — The biotech stock dropped 32% after…