Stocks dropped on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low. The Dow Jones Industrial Average shed 758 points, or 2.4%. The S&P 500 fell 2.7%, while Nasdaq Composite sank 2.4%. The May consumer price

Big Tech stocks have bounced back in recent weeks, thanks in part to signs that inflation might be slowing. If so, the Federal Reserve’s aggressive rate hikes would be near their end — but I’m not so sure. Today I’ll show you why inflation is nowhere near

Tim Cook speaks onstage at the TIME100 Summit 2022 at Jazz at Lincoln Center. Jemal Countess | Getty Images Entertainment | Getty Images U.S. lawmakers should advance privacy legislation currently being debated "as soon as possible," Apple CEO Tim Cook said in a letter to Congress on

Trays of beef are for sale in the meat section of a supermarket in McLean, Virginia, June 10, 2022. Saul Loeb | AFP | Getty Images The case that a recession is looming over the U.S. got stronger Friday, as blistering inflation and historic lows in consumer

Barrons.com Sell Netflix Stock, Goldman Says. It Has Lost Two-Thirds of Its Value. Netflix stock was cut to Sell at Goldman Sachs amid the investment bank’s re-evaluation of the internet sector, one that demonstrates just much Wall Street has soured on the streaming giant. The

Will the Federal Reserve risk a recession to combat inflation? It’s a question on plenty of investors’ minds as prices have hit another new high… They surged 8.6% last month, the highest level in 40 years. And with no end in sight, investors are on the edges of

An unexpectedly hot inflation reading prompted a duo of economists from major Wall Street firms to call for a monster rate hike at the Federal Reserve's policy meeting next week. Barclays economist Jonathan Millar said the Fed now has good reason to surprise markets by

The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. Financial commentator and host of the “Women & Money (And Everyone Smart Enough To Listen)” podcast Suze Orman

Omar Marques | LightRocket | Getty Images The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and

In this article RBLX NFLX SFIX DOCU SAVE Netflix's revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin | Gc Images | Getty