Thanksgiving — a day where American families and friends will soon gather to feast on popular dishes from turkey to stuffing and all sorts of side dishes is just around the corner. But this year, Americans will be bracing to cough up a pretty hefty price tag for that Thanksgiving meal as a result of painfully sky-high inflation.
Stocks extended their decline Monday with the Dow Jones Industrial Averages becoming the last major indexes to officially enter a bear market, the latest milestone in 2022 turmoil as the market deepened its slump amid growing fears of a recession
Treasury Secretary Janet Yellen struck a hopeful tone in the Federal Reserve achieving a soft landing, saying the Central Banks will need some “luck” and “some skills,” but warned that a looming recession will be a “risk” for the Biden administration in the upcoming months.
Stocks sell-off intensified Monday, notching a four-day losing streak with the S&P 500 tumbling into bear market territory as soaring inflation slammed market sentiment over fears recession is looming ahead of this week’s Federal Reserve key FOMC meeting.
Shark Tank star and venture capitalist investor Kevin O’Leary unleashed scathing criticism on a potential proposal from the Biden administration of wiping partial of the student loan forgiveness, slamming the plan as “un-American” while describing the whole concept from President Biden ahead of the midterm election as a “policy born in hell.”
Tesla CEO Elon Musk proposed his “best and final” offer to acquire all of Twitter’s outstanding shares at $54.20 per share in cash, saying the social media company needs to be transformed privately in order to serve as a platform for free speech, according to a 13D filing with the Securities and Exchange Commission (SEC) filed Thursday.