Inflation could push the Fed to hike rates in August

Inflation could push the Fed to hike rates in August

CNBC’s Jim Cramer said on Monday that the Federal Reserve could raise interest rates in August, ahead of its next scheduled meeting in September, if economic data this week shows inflation does not decline. “The Fed is still in charge of this market. A week ago it looked like they might relax, but after Friday’s … Read more

Inflation takes over as the next big target for markets after July’s monster jobs report

Inflation takes over as the next big target for markets after July’s monster jobs report

Investors are focused on inflation over the coming week, after July’s strong jobs report signaled that the Federal Reserve may need to take an even tougher stance with interest rate hikes. This could also be a week in which investors watch whether rising Treasury yields begin to slow the summer rally in the tech sector. … Read more

Peloton competitor Tonal cuts 35% of jobs ahead of possible recession and IPO

Peloton competitor Tonal cuts 35% of jobs ahead of possible recession and IPO

Tonal fitness at home. Source: Tonal Tonal, the maker of connected fitness equipment that counts tennis superstar Serena Williams and Amazon’s Alexa fund among its backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs around 750 people today, compared to just over 110 before the … Read more