Industry News

Cramer’s week ahead: Strong labor report could lead Fed to more aggressive rate hikes

"We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries," Cramer said.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 6:36 pm

Elon Musk asks Tim Cook 'What’s going on here’? after Apple pulls its Twitter ads—setting up a clash of tech titans

Not only did he claim Apple has “mostly stopped” its advertising on Twitter, but he reiterated his criticism of Apple's 'internet tax'.

Source: Fortune | FORTUNE | 28 Nov 2022 | 6:25 pm

Flu hospitalizations increase nearly 30% as U.S. enters holiday season

Flu has hit unusually hard and early this season, putting pressure on emergency departments across the nation.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 5:49 pm

Here's why protesters in China are holding up blank pieces of paper

A small and seemingly harmless blank sign has become a symbol of defiance in China's recent protests.

Source: Fortune | FORTUNE | 28 Nov 2022 | 5:19 pm

Cathie Wood expects a U.S. recession in 2023 that could help her fund’s performance

If the U.S. falls into a recession in 2023, forcing the Federal Reserve to stop hiking interest rates, that could help Cathie Wood's fund, she says.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 5:08 pm

Remote work is changing the way you spend money and it could reshape your city to look more like a doughnut

Working from home is creating permanent changes in city economies.

Source: Fortune | FORTUNE | 28 Nov 2022 | 4:50 pm

Black Friday and Cyber Monday deals could leave shoppers with a money hangover in 2023

Retailers have offered deep discounts to entice Americans to spend this holiday season, but where will that leave consumers when January bills hit?

Source: Fortune | FORTUNE | 28 Nov 2022 | 4:11 pm

How FTX 'death spiral' spelled doom for BlockFi, according to bankruptcy filing

FTX was supposed to be BlockFi's savior, not their undoing, but BlockFi's Chapter 11 filing stretches back to spring 2022, beginning and ending with FTX.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 4:04 pm

Disney CEO Bob Iger addresses 'Don't Say Gay' fallout, importance of LGBTQ inclusion in stories

Disney CEO Bob Iger said inclusion and acceptance are among the core values of the company's storytelling during a town hall with employees.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 4:04 pm

U.S. warns California cities to prepare for possible water cuts and fourth year of drought

The Shasta Reservoir, California's largest reservoir located about 200 miles north of the Bay Area, is currently at 31% capacity.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 3:42 pm

The return-to-office war may finally be reaching a compromise

Employers and employees are inching closer to a hybrid work schedule that they're both happy with.

Source: Fortune | FORTUNE | 28 Nov 2022 | 3:30 pm

Elon Musk claims Apple has threatened to remove the Twitter app

Musk even tweeted out a meme that suggested he was "going to war" with Apple over paying 30%.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 3:29 pm

Legendary investor Mark Mobius says China’s stock market will pay the price for COVID protests

Mark Mobius says China's COVID-zero policies are here to stay, despite the protests. That could mean a 10% drop in China's markets.

Source: Fortune | FORTUNE | 28 Nov 2022 | 3:14 pm

U.S. criticizes China's zero Covid strategy, says Beijing needs to boost vaccination among elderly

The White House, in a statement, said the Chinese people have the right to protest peacefully.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 3:14 pm

Defying forecasts, crude oil prices wiped out most of this year's gains and could head lower

Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now.

Source: Top News and Analysis (pro) | 28 Nov 2022 | 3:04 pm