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Campbell Soup Co

Consumer trends will gauge the state of inflation

CNBC's Jim Cramer said Friday that any signs of consumer negativity next week will be a welcome sign for the Federal Reserve in its fight against inflation."I know it's a total drag to hope for negativity, but that's what we need right now" to bring inflation down, he said. "I bet we'll find that confidence is falling rapidly."The "Mad Money" host said he's keeping watch on the consumer price index and University of Michigan consumer sentiment index coming out next week to confirm his prediction that consumer confidence…

Tech giants lost over $1 trillion in value in last three trading days

The world's largest technology companies have shed over $1 trillion in value in just three trading sessions.Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. Investors now have less interest in what drove business during a strong bull market in recent years, including during the pandemic, and are now pushing more money toward safer pockets of the market, including staples like Campbell Soup,…