It is a good time for the Federal Reserve to “front-load” interest rate hikes because the economy is strong enough to keep growing despite higher borrowing costs, said Fed Gov. Christopher Waller on Tuesday. “This is the time to hit it. You want to do this when the economy is strong, ”Waller said while speaking … Read more
The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $ 34,656 on Sunday afternoon, a 3.9% drop from Friday evening, according to prices from CoinDesk. Earlier in the afternoon, bitcoin slid below $ 34,000 to about half of its all-time-high of $ … Read more
It could be very difficult for Powell and the Fed to tame inflation without causing an economic slowdown. Photo illustration by Barron’s staff; (reference) Dreamstime (5) Text size Like Winnie the Pooh in the Hundred Acre Wood, investors have lived with the naive worldview that everything will be all right. That kind of thinking can … Read more
Text size Uber and Lyft face headwinds from driver supply and increasing gas prices. Timothy A. Clary / AFP via Getty Images We’re not in Kansas anymore. Shares of Uber Technologies (ticker: UBER ) and Lyft ( LYFT ) are tumbling after the ride-hailing companies both posted better-than-expected financial results. On Wednesday, Uber reported revenue … Read more
Impact investors will soon have an opportunity to invest in the first private fund focused on US businesses dedicated to arts and culture and social impact. Upstart Co-Lab, a 6-year-old nonprofit organization in New York focused on the “creative economy” is aiming for a first close to an Inclusive Creative Economy fund this fall with … Read more
