Nicole Goodkind

The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a clear sign that the central bank is seeing progress in its fierce battle with inflation.

Here’s what investors are paying attention to the morning of Tuesday, February 7, 2023.

Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation and interest rates have taken a big bite out of debt-laden tech companies that expected pandemic-era growth to continue and US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, according to TransUnion.

A new report about tariffs on underwear finds that when it comes to tax rates, women are getting shorts-changed.

A new report about tariffs on underwear finds that when it comes to tax rates, women are getting shorts-changed.

The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon.

It’s never wise to underestimate the power of the American consumer, which has kept America’s economy humming through a year and a half of inflation chaos.

It’s never wise to underestimate the power of the American consumer, which has kept America’s economy humming through a year and a half of inflation chaos.

Better Call Saul, The Colbert Report, Law & Order: SVU — Sometimes a spinoff is just as good as the original.

Former Barclays CEO Jes Staley allegedly exchanged sexually suggestive emails with disgraced financier Jeffrey Epstein, some of which included photos of young women, according to newly unsealed passages of a federal lawsuit.

Investors are searching for clarity in the wake of Friday’s collapse of Silicon Valley Bank — the biggest failure of a US bank since 2008. And as they attempt to predict what comes next — be it wider financial chaos, more government regulation, a pause in Fed hikes or something else entirely — they’re looking to the past for guidance.

Global banks just suffered their worst week since 2008. So what comes next?

Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here. What’s happening: For a country about the size of New Jersey, Israel has an outsized influence on the US stock market. More than 100 Israeli companies are listed on US exchanges, with a combined market cap of more…

For a while now the theme of “higher for longer” has dominated market speak – that’s the idea that the Federal Reserve will keep interest rates elevated for a prolonged period of time to bring inflation down. But a rise in long-term Treasury yields could be doing some of that work for the Fed and may put an end to the past 19 months of historic interest rate hikes meant to tamp down inflation. It’s no longer “higher for longer,” said Steve Sosnick, chief strategist at Interactive Brokers, it’s j…

America’s first inflation crisis in decades, combined with the Federal Reserve’s aggressive interest rate hikes to combat it, has made for a topsy-turvy past couple years on Main Street and Wall Street alike. It has weighed on consumers and kept investors constantly second-guessing themselves. But some analysts say the Fed’s influence on the economy isn’t as profound as it used to be. Sure, markets will still react sharply when the Fed announces its new policy decisions, they say, but the lastin…

Employees at some of the largest drugstore chains in the United States staged a new series of walkouts across the country Monday to demand the companies fix what employees say are harsh working conditions that make it difficult for them to safely fill prescriptions, and which could put the health of their customers at risk. Walgreens and CVS employees are mostly not unionized, which makes a largescale walkout difficult to execute. Staff and organizers in multiple states confirmed to CNN that the…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023. But will next year bear the same fruit for the sixth most valuable company in…

Wall Street’s focus shifted Friday from the jobs report to upcoming inflation data, after the US economy added 199,000 jobs last month and the unemployment rate fell to 3.7%.

Elon Musk’s Tesla once represented the future of automaking. Now the company’s own future is in question. The once red-hot electric vehicle maker — heralded as part of the so-called Magnificent Seven behemoth tech stocks — is currently the worst performer in the S&P 500 this year, down nearly 32% since January. The story of Tesla’s (TSLA) decline has been well documented. The company has been plagued by safety issues and recalls, slowing growth and has even been forced to slash prices. But a new…

It’s Tax Day in the United States. Some Americans are scrambling to get their documents in on time, while others are figuring out how to pay what they owe or enjoying a return of cash from the IRS. Either way, it’s fair to say that filing taxes is stressful business. This year, it’s estimated that taxpayers will spend $104 billion on out-of-pocket expenses associated with preparing and submitting tax forms, according to a recent report by the National Taxpayers Union Foundation. They’ll also spe…