Affluent consumers are still spending lavishly, even it means paying a higher price due to inflation. High end retailers are reporting highly optimistic profit forecasts while some luxury brands are…

A rising debt load, online competition, and supply chain problems have combined to force cosmetics maker Revlon into Chapter 11 bankruptcy. The company says it will be able to continue…

Wednesday, a widely followed measure of economic growth showed growth coming to a complete standstill. Data published through today, when passed through the Atlanta Fed’s GDPNOW tracker estimated that economic…

The National Federation of Independent Business released its annual survey measuring the sentiment of small business owners, and their sentiment is not upbeat. According to the survey that was released…

China’s economic data was released, and beat downbeat expectations that were based on its stringent lockdowns. According to the numbers, there was a 0.7% rise in industrial production in May…

Mortgage rates surged this week, as investors came to accept the likelihood of a much more aggressive series of rate hikes being announced by the Fed at the conclusion of…

The Bureau of Labor released the Producer Price Index on Tuesday, a measure of how much it costs producers to produce their products. Wholesale prices paid by producers rose briskly…

The S&P 500 ended down by 0.4% Tuesday, at 3,735.48, ending a fifth consecutive day of losses and remaining in bear territory at more than 20% below its January high.…

Goldman Sachs is warning investors against buying into the market at current prices, given the threats from inflation and rising interest rates. Goldman Sachs Chief U.S. Equity Strategist David Kostin…

US stocks collapsed back into bear market territory Monday as investors bet that the record high inflation numbers for May would mean an aggressive Federal Reserve interest rate hike program…