Target's holiday shopping forecast is a bit of a bummer. They think sales will stay the same, and profits might go down. This isn't great news for Target, which saw sales go up by just 0. 3% last quarter. Their shares dropped by as much as 20% in early trading on Wednesday. Target is like a canary
In October, the U. K. saw a surprising jump in inflation, reaching 2. 3%. This is higher than the expected 2. 2% and a significant increase from September's 1. 7%. The news might put a pause on the Bank of England's plans to lower interest rates in December. The Bank aims to keep inflation at 2%, bu
Inflation is a cruel beast, especially for small businesses as they face skyrocketing costs and disgruntled customers. Enjou Chocolat, a small chocolate shop in New Jersey, knows this story all too well. Forcing customers to shell out more for treats, like $14. 99 for a half-pound bag of foil chocol
Lately, Bitcoin has been on a roll, hitting new highs. Many analysts tie this to Donald Trump's recent election win. Some even predict Bitcoin could hit $120, 000 soon. The trading firm QCP thinks this is possible, citing Trump's plan for a strategic Bitcoin reserve and recent inflation data. Bitco
During Donald Trump's first term, Wall Street picked up on something big: the stock market was his scoreboard. He celebrated rallies, advised Americans to buy when prices dipped, and even thought about firing the Fed Chair, Jerome Powell, when the market dropped. Now, as he gears up for another run
Federal Reserve Chair Jerome Powell dropped a hint in Dallas about future interest rate cuts. He said, "We're in no hurry. " Why? Inflation is still hanging around, and the economy is doing just fine. He's got a point. When things are steady, there's no rush to change them. Economists think the Fed
Early Thursday, European markets saw a modest rise as investors analyzed global inflation and potential rate cut moves by central banks. The Stoxx 600 index was up a bit, with sectors showing mixed results. Telecom stocks led the gains, while household goods dipped. Burberry's shares shot up by 13%
Hey there! Did you know that the average rate for a 30-year mortgage in the US just dropped a bit? It went from 6. 79% to 6. 78%, ending a six-week rise. Why is this happening? Well, mortgage rates are like a mirror reflecting the 10-year Treasury bond yields, which have recently been bouncing aroun
Last week, Federal Reserve Chairman Jerome Powell spoke at an event in Dallas. He emphasized the importance of the Fed's independence from politics. Powell got a big laugh from the crowd when he avoided talking about President Trump's plans to deport undocumented immigrants. He made it clear that po
On Tuesday, investors got worried that some stocks were getting too expensive. This is called a stock market "bubble. " These stocks, often riskier ones, had gone up a lot after Donald Trump was elected president. But before important US economic data was released on Wednesday, some of these stocks
