A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.New York (CNN Business)Robinhood, as its name suggests, was designed to take the power of the stock market away from the rich fat cats on Wall Street and hand it over to r

UK CPI (Jul) – 17/08 – UK CPI hit another record high in June, rising to 9.4%, and although core prices slipped back to 5.8%, the further rise in PPI input and output prices suggested that more pain was coming down the line. PPI input prices rose to an eye-watering 24% in June. Now that the Bank of

The Atlanta Fed GDP model surged higher, but it was not due to the tame CPI report. Let's take a look. GDPNow data from Atlanta Fed, chart by Mish Please consider the August 10 GDPNow Forecast. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 20

New York (CNNBusiness)Trendy eyewear brand Warby Parker is the latest in a string of retailers struggling to stay the course as a wobbly economy forces households to pare back and rethink their discretionary buying. Warby Parker, which pioneered the direct-to-consumer model for stylish eyewear under

Bearish ViewSet a sell-stop at 1.2025 and a take-profit at 1.1950.Add a stop-loss at 1.2160.Timeline: 1-2 days.Bullish ViewSet a buy-stop at 1.2145 and a take-profit at 1.2250.Add a stop-loss at 1.2050. The GBP/USD price moved sideways on Wednesday as investors continued reacting to the upcoming US

This story is part of CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here. (CNN Business)It's August, which is an ideal time for a little late-summer economic vibe check. All of Wall Street is in the Hamptons or on Martha's Vineyard. Even the Fed is snoozing till Septe

New York (CNN Business)The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the

There were some price action indications the recent equity market rally may be tiring, in the New Work session. Apple displayed a classic and perfect one day reversal pattern often associated with major turning points. Could this be a warning for the market generally? Apple made new highs only to ex

New York (CNN Business)Inflation-weary shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the grocery store. Tyson (TSN), the meat processing giant, said Monday that "demand for chicken is extremely strong," while demand for its higher-priced cuts of beef has softe

New York (CNN Business)Kirkland Signature. Two-Buck Chuck. Simple Truth. Cat & Jack. Great Value. Amazon Basics. Store brands have never been more popular. They have become forces in their own right and make up around 21% of sales in the $1.7 trillion US grocery industry, according to IRI.As pri

New York (CNN Business)Early in the pandemic, people realized they were going to be spending a lot more time at home. So they decided to upgrade. Shoppers dished out for new sofas, beds and decor, remodeled their kitchens and backyards and invested in their remote work setup. Demand was so hot that

Stocks trade mix, BOE fearful of long recession, Continuing Claims rise, WTI breaks below $90, Gold shining brightly, Bitcoin stuck Stocks continue to ignore the deepest yield curve inversion since the early 2000s. ​ The S&P 500 index has rebounded over 13% from the June lows as many on Wall Str

New York (CNN)Walmart (WMT) is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning. In a statement, Walmart confirmed it is "updating our structure and evolving select roles to provide cla

It wasn't long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle a record level of IPOs and mortgage lenders added headcount as rock-bottom rates led to a refinancing boom. On the flipside, Delta Air Lines, H