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27.08.2022 / 01:21

Markets, Media Stocks Swoon On Fed Chief’s Hawkish Interest Rate Stance; Dow Sheds 1,000 Points

Showbiz shares followed broader market lower Friday after Federal Reserve chair Jerome Powell indicated the central bank will continue aggressively raising interest rates to fight inflation.

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17.03.2024 / 07:01

Joe Biden, At D.C.’s Gridiron Dinner, Jokes About Donald Trump Before Getting Serious About His Threat To Democracy

President Joe Biden, appearing at one of DC’s oldest traditions, the Gridiron Dinner, made some sharp quips about Donald Trump but then turned serious about the threat that his rival poses to democracy.

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06.12.2023 / 13:57

Taylor Swift Named Time’s 2023 Person Of The Year

Taylor Swift has been named Time magazine’s Person of the Year for 2023, beating out Xi Jinping, Hollywood strikers, Trump prosecutors and even Barbie.

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04.12.2023 / 16:33

Taylor Swift, Barbie and Hollywood Strikers Among Time’s Person of the Year Finalists

Caroline Brew editor Time has released its 2023 Person of Year Shortlist, which includes Taylor Swift, Hollywood strikers, Trump prosecutors and Barbie among the final contenders. The Person of the Year will be announced Wednesday morning. The Writers Guild and SAG-AFTRA both went on strike this year, pausing the development and filming of many shows and movies.

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26.07.2023 / 22:35

Fed Raises U.S. Interest Rates Again, Now At 22-Year High

Stocks closed mixed as the U.S. Federal Reserve raised interest rates again today – hike no. 11 since March of 2022, as the central bank tries to stamp down record inflation.

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23.03.2023 / 01:05

Fed Raises Interest Rates, Possibly For Last Time, Amid Probe Of SVB; Rate Hikes “Were Well Telegraphed And Many Banks Managed To Deal With Them,” Jerome Powell Says

The U.S. Federal Reserve raised interest rates today for the ninth time since last year by an expected 25 basis points, or 0.25%. But Fed chief Jerome Powell indicated slow to no more rate hikes in this latest cycle as tighter credit conditions following the recent bank crisis may help tame inflation without more Fed action.

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02.02.2023 / 00:53

Meta Stock Pops On Q4 Earnings Beat, Takes $4.2 Billion Charge After Massive Layoffs, FB Daily Active Users At 2 Billion

Mark Zuckerberg’s Meta, parent of Facebook and Instagram, posted upbeat financials today to Wall Street’s surprise and relief, beating on revenue and daily active users. Earnings fell but were hit by a $4,2 billion restrcuturing charge after laying off 11,000 people late last year.

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13.12.2022 / 17:45

Media Shares, Broader Market Rise On Data Showing Inflation Slowed In November

Shares rocketed higher in early trading as new data showed inflation slowed more than expected last month after a string of aggressive interest rate hikes by the Federal Reserve meant to tamp down an overheated economy.

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10.11.2022 / 19:15

Tech & Media Stocks Soar On Slowing Inflation, Dow Up Nearly 900 Points

Media shares joined the broader market Thursday in a major rally as data this morning showed inflation easing in October. Hard hit tech shares were led by a 10% jump by Amazon.

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28.07.2022 / 18:40

Shares In Comcast, Meta Blitzed After Earnings; Charter And Dish Are Collateral Damage But Broader Markets Move Higher

Shares in Comcast and Meta got hammered in early trading, though the broader stock markets are holding steady despite swirling currents of economic news and signs of a recession.

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16.06.2022 / 19:17

Media Shares In The Red As Stocks Sink On Recession Fears After Fed’s Biggest Interest Rate Hike Since 1994

Shares resumed a downward trajectory today after a brief respite as markets digested a major rate hike by the U.S. central bank and comments by Fed chief Jerome Powell. A decisive Fed move to raise interest rates by three quarters of a percentage point boosted shares briefly Wednesday but optimism faded quickly with major indexes all down sharply.

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19.05.2022 / 00:25

Stocks Sink As Market Woes Hit Showbiz Shares; S&P Falls Most Since June 2020 & Dow Sheds 1,100 Points

Media shares felt the pain as markets swooned Wednesday with glum earnings and outlooks from major retailers reflecting broader economic woes.

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16.05.2022 / 01:01

‘Face The Nation’: Former Goldman Sachs CEO Lloyd Blankfein Says Economy At Risk Of Recession

As inflation and interest rates rise, there is a “very, very high risk” factor for an economic recession. That’s according to former Goldman Sachs CEO Lloyd Blankfein, who addressed the issue Sunday on CBS talk show Face The Nation.

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05.05.2022 / 23:51

Stocks Plunge As Interest Rates Rise; Tech, Showbiz Shares Pummeled, Outlier Twitter Posts Gains

Most stocks and sectors closed down Thursday in a massive and broad market selloff that thrashed media and tech shares from big showbiz conglomerates to Amazon, Apple and Meta to Roku, Endeavor, Cinemark and the New York Times.

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22.11.2021 / 17:45

Joe Biden To Nominate Jerome Powell For New Term As Fed Chair

President Joe Biden will nominate Jerome Powell for a new term as chairman of the Federal Reserve.

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06.07.2020 / 17:25

Fed Cuts Rates To Near Zero, Launching $700 Billion Quantitative Easing Program

By Bruce Haring

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