Canela Media’s Isabel Rafferty Named New York Entrepreneur Of The Year by Ernst & Young |

Canela Founder & CEO honored as Entrepreneur Of The Year® 2022 New York Award Winner NEW YORK, June 24, 2022 / PRNewswire-PRWeb / – Ernst & Young LLP (EY US) announced today Isabel RaffertyFounder and CEO of Canela Media, was named an Entrepreneur Of The Year® 2022 New York Award winner. Entrepreneur Of The Year … Read more

Stocks Shoot Higher. Powell Couldn’t Scare Markets This Time.

Text size David L. Nemec / New York Stock Exchange The stock market gained Thursday as Federal Reserve Chairman Jerome Powell tested before Congress for a second day. Nothing he has got scared the market — for now. The Dow Jones Industrial Average gained 195 points, or 0.6%, while the S&P 500 rose 1% and … Read more

Stock Market Today: The Dow Drops After Powell Speaks

Text size People walk along Wall Street, near the New York Stock Exchange in New York. Photo by ED JONES / AFP via Getty Images The stock market couldn’t hold on to gains Wednesday, even after Federal Reserve Chairman Jerome Powell told lawmakers that a slower pace of interest rate hikes is possible. Markets are … Read more

Fed Sees ‘Soft Landing’ for US Economy. This Top Economist Strongly Disagrees.

Text size A shopper walks through a grocery store in Washington. Stephanie Reynolds / AFP via Getty Images What do the Federal Reserve, Janet Yellen, and Joe Biden have in common? A persistent belief that the Fed can maneuver the US economy to a soft landing and avoid a drawn-out recession. Top economist Bill Dudley, … Read more

Stock Market Today: Dow Jumps, Tesla Gains, Kellogg Surges

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt / Getty Images The stock market bounced back partially on Tuesday after getting crushed last week as no news proved to be good news. Investors can only hope the rally will last. The Dow Jones Industrial Average rose 643 points, … Read more

JD.com Considers a Move Into Competitive Food Delivery Business in China

Text size JD.com stock rose after a company executive said in a TV interview that the Chinese e-commerce giant may move into on-demand food delivery in China. Giulia Marchi / Bloomberg JD.com is considering expanding into on-demand food delivery service, a top executive of the Chinese e-commerce giant said in a Bloomberg TV interview. Such … Read more

Stock Market Bargain Hunters May Want to Hold Off

Text size Some strategists recommend investors wait before bargain hunting after market declines. Stocks could be in for further losses, they say. David L. Nemec / New York Stock Exchange A 20% plus decline in the stock market is often a signal to bargain hunters to step in. But strategists caution that US stocks could … Read more

The Economy Is Headed for a Hard Landing. Larry Summers on Inflation, Recession, and the Fed.

Economist Lawrence H. Summers never joined Team Transitory, or the economists, investment strategists, and members of the Federal Reserve who thought inflation would be a temporary phenomenon. Instead, he warned early and often that massive fiscal and monetary stimulus unleashed in response to the impact of the Covid pandemic would result in the economy overheating. … Read more

Stock Market Today: Dow Stays in the Green After Fed Rate Hike

Text size All eyes are on the Federal Reserve and Jerome Powell, the chair of the central bank. Tom Williams / Getty Images The stock market jumped Wednesday after the Federal Reserve made its biggest inflation-fighting move in nearly 30 years — raising interest rates by three-quarters of a percentage point. The Dow Jones Industrial … Read more