Business

The Federal Reserve has made clear it wants to raise interest rates to lower inflation without triggering large-scale job losses. But a rally in the bond market this week shows investors doubting the Fed’s ability to thread this needle. Friday’s trading session extended a week of falling yields as investors snatched up bonds; yields on … Read more

Coupang, Inc. (CPNG) is a South Korea-based e-commerce company founded by Bom Kim back in 2010 and it got a favorable nod by a sell side firm Friday. Let’s check out the charts and indicators.  In this daily bar chart of CPNG, below, we can see that prices were cut from $45 per share to only $10 … Read more

Soaring prices not seen since before Generation Z and millennials were born has many of them canceling travel plans and seeking second jobs, according to data exclusively obtained by The Post. The high gas prices and four-decade-high inflation are by far the biggest concerns for those between 18 and 40, the survey — by Mark … Read more

Facebook parent Meta is cutting back on hiring and turning up the heat on its employees as slow growth and macroeconomic headwinds push the company to downgrade its economic outlook. In a weekly employee Q&A session on Thursday, the social media giant’s chief executive Mark Zuckerberg told employees that Meta is reducing its plans to … Read more

Not even the dollar-drink specials on McDonald’s value menu are safe from the impact of inflation. A number of McDonald’s franchisees are opting to ditch a longstanding promotion offering customers a cold drink of any size for $1 as they contend with decades-high inflation, according to a report. Some locations have already begun boosting the … Read more

Times are tough even for the giants of Silicon Valley that are accustomed to big profits. In recent months, the storm on the financial markets has particularly shaken the Nasdaq index, which is dominated by technology groups. Investors fearing a recession are liquidating their positions in risky assets. This particularly affects tech, which lives mainly … Read more

After a turbulent first half of the year, which resulted in the S&P 500 entering a bear market, investors will get some time to catch their breath as a new quarter kicks off. In honor of the Fourth of July holiday, U.S. stock markets will close two hours early on Friday at 2 p.m. EST.  … Read more

Meta (META) could be bracing for a “tornado-like quarter,” says Wedbush Managing Director Dan Ives. The social media giant, like other tech companies, is scaling back hiring plans as it braces for an economic downturn. This week Meta’s founder and CEO Mark Zuckerberg said the company would cut back its hiring target for this year … Read more

Airbus Beluga – REUTERS/Christian Mang China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus. China Eastern Airlines has agreed to buy 100 A320neo narrow-body jets from Airbus, while Air China will take 64 units and its Shenzhen Airlines subsidiary is acquiring 32 … Read more