CNBC’s Jim Cramer explained why an uncertain macroeconomic environment led the Federal Reserve to hold interest rates steady — dashing the hopes of many investors and President Donald Trump. “In short, the backdrop’s just too darned mixed for the Fed to take action,” Cramer said. “That’s also why Powell pretty much punted on that forecast,…
Colorado companies that sell goods imported from overseas were hammered during Thursday’s stock market plunge, which was the worst one-day drop seen in the U.S. since pandemic fears roiled investors on March 16, 2020. Denver-based VF Corp., owner of several iconic brands like The North Face and Vans, lost 28.7% of its market value on…
The digital passport is coming to fashion — and if Jellybean has anything to say about, each individual piece of apparel sold will travel in style. The European Union has already mandated that apparel sold in the market will soon have to have a passport detailing its environmental impact and lifecycle data, helping consumers know…
10 things to watch Wednesday, Feb. 12 1. Stocks sold off Wednesday after the January consumer price index, which measures retail inflation, came in hot. Larger-than-expected increases in both headline and core CPI caused a spike in bond yields, with the 10-year Treasury pushing above 4.6%. The government’s January producer price index, which measures wholesale…
My top 10 things to watch Thursday, Jan. 30 1. Meta was outstanding both on top and bottom line. I didn’t think a quarter like that would be possible. Meta.ai has already become the largest assistant, and it is learning from all of the interactions people have. It will have won the personal agent role…
My top 10 things to watch Friday, Jan. 17 1. President Joe Biden will not force TikTok to shut down its U.S. operations on Sunday, a day before President-elect Donald Trump is sworn in, NBC News and multiple other media outlets reported, citing sources. Trump has signaled support for keeping TikTok, and its CEO is…