Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year

The sign at the McDonald’s restaurant on Penn Ave in Sinking Spring, PA April 8, 2021 with a message on a blackboard below it reads “Work Here $ 15 And Free Meals.” Ben Hast | MediaNews Group | Getty Images Too much of the good, in the form of rapidly rising wages, is expected to … Read more

Turkey’s inflation hits nearly 50%, highest in two decades

Pedestrians walk in the Mahmutpasa district, one of Istanbul’s largest textile shopping malls, near the Grand Bazaar in Istanbul on November 24, 2021. OZAN ‚Äč‚ÄčKOSE | AFP | Getty Images Turkey’s annual inflation rate has risen to a 20-year high of 48.7%, state data revealed on Tuesday, despite months of assurances from President Recep Tayyip … Read more

After a huge year for growth, the U.S. economy is about to slam into a wall

Free food is distributed by the Brooklyn community organization PASWO during a weekly food distribution on December 8, 2021 in New York City. Spencer Platt | Getty Images Encouraged by massive stockpiling and cash flushing of consumers, the U.S. economy grew at its fastest pace since 1984 last year. Do not expect a repeat performance … Read more

Cramer urges investors to use the late-January rally to sell stocks in unprofitable companies

CNBC’s Jim Cramer said on Tuesday that now is the time to drop stocks of unprofitable companies. “This is your chance to rid yourself of those companies … that have no revenue, no earnings, all 50 times the sale,” Cramer said on “Squawk on the Street,” referring to stocks that sell at high price / … Read more

Bob Johnson says Biden’s Build Back Better bill needs to direct money to Black-owned businesses

BET founder Bob Johnson told CNBC on Tuesday that the Biden administration needs to take further steps in its Build Back Better plan to tackle the wealth gap between black and white Americans. “What I’m looking at is, what can you do to increase black wealth? And that means you need to make more capital … Read more

5 things to know before the stock market opens Monday, Jan. 31

Here are the key news, trends and analyzes that investors need to start their trading day: 1. Wall Street looks lower on the last day of sad January trading Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, January 26, 2022. Brendan McDermid | Reuters US stock … Read more

An inflation-fighting Fed is a new experience for most investors. Here's how to play it

For many investors, a period of sharply rising prices and an anti-inflationary Federal Reserve is uncharted territory.