"One of the toughest jobs [the Fed] have is the American consumer is still in pretty good shape," Moynihan said in an interview on "Mad Money."
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"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
The Federal Trade Commission sued to block Facebook-owner Meta from buying virtual reality fitness app maker Within Unlimited on Wednesday.
Meta is one of several technology companies that have scaled back hiring as economic conditions, including consumer spending, have become more challenging.
"The Fed looks to be out of the way until the next meeting in September ... with the data starting to go their way," Cramer said.
Stock futures slipped in overnight trading in the wake of another 0.75 percentage point hike from the Federal Reserve as it attempts to quell rapid inflation
"There's issues where we can cooperate with China," White House spokesman John Kirby said ahead of a high stakes call between Biden and Xi Jinping.
The government watchdog previously filed a lawsuit against the social media giant in 2020 for alleged “anticompetitive conduct” in its acquisitions of WhatsApp and Instagram.
Physical supply-demand dislocations in the oil products and clean tanker markets, coupled with global low product inventories amid an energy crisis driven by the Russia-Ukraine conflict tripled Ardmore Shipping's time-charter equivalent earnings for
HHS Secretary Xavier Becerra said the federal government will announce allocations of the 786,000 vaccine doses to local authorities on Thursday.
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