By Dan Weil BofA’s forecast reflects ‘the Fed’s acceptance that they are behind the curve’ on inflation, said the bank’s economists. Federal Reserve Chairman Jerome Powell made clear in a talk this week that he’s open to 50-basis point increases in int…
Postal Service Continues to Challenge President Biden
By Rob Lenihan Postmaster General Louis DeJoy ignores his detractors and the demands of the Biden administration. The U.S. Post Office is putting the pedal down on its nearly $3 billion controversial vehicle project. The Next GenerationThe postal servi…
Microsoft Says It Won’t Stop Activision Staff’s Union Efforts. Are You Convinced?
By Veronika Bondarenko The statement comes amid a new sexual harassment lawsuit against Activision Blizzard. Tech giant Microsoft said Friday that it will not interfere with the employees of Activision, a company it is buying for $69 billion, attemptin…
What Is the FOMC Policy Statement? How Is It Used & Interpreted?
By TheStreet Staff What Is the Fed? What Does It Do?TheFederal Reserve, also known as the Fed, is the central bank of the United States. It is in charge of setting sound monetary policies which keep employment high and the economy strong. What Happens …
Private Equity Firms Dive into Sports Team Ownership
By Dan Weil Private equity investors are enticed by the seemingly never-ending growth in sports-franchise values. Private equity firms are stuffed with billions of dollars to invest, and pro sports teams are selling for ever higher amounts, making them…
What Is a Bear Market? How Long Do They Last?
By TheStreet.com Staff What Is a Bear Market?A bear market is a time of contraction in financial markets. It is typically defined as a period where prices have fallen 20% from a recent peak. Which prices are being measured? Analysts usestock market ind…
Cathie Wood Buys Into a Biotech With a Covid Connection
By Dan Weil A biotech that’s caught asset manager Cathie Wood’s attention recently received FDA emergency authorization for a test of Covid antibodies. Star investor Cathie Wood, chief executive of Ark Investment Management, has recently built a stake …
What Is Stagflation? Definition, Causes & Effects
By TheStreet.com Staff What Is Stagflation?Stagflation is a word feared by most central banks. This term refers to a toxic combination of rising unemployment and negative gross domestic product (GDP) which creates economic stagnation. And, unlike what …
What Are Small-Cap Stocks? How Do I Trade Them?
By TheStreet Staff What Is a Small-Cap Stock? How Do I Know If a Stock Is Small-Cap?One of the most important metrics financial analysts use to categorize stocks ismarket capitalization. More than just a measurement of a company’s size, market capitali…
Instacart Signals End of Pandemic Economy by Slashing Its Valuation
By Luc Olinga The delivery service has been an investor darling with the pandemic but things are changing as the economy reopens. Two years after the start of the Covid-19 pandemic, the great romance between investors and certain startups seems to have…