Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and announces a more aggressive unwind of the measures taken toContinue Reading
UBS Chairman Colm Kelleher (R) shakes hands with Credit Suisse chairman Axel Lehmann (L) after a press conference following talks over Credit Suisse in Bern on March 19, 2023. Fabrice Coffrini | Afp | Getty Images UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francsContinue Reading
Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks, varying from a half-pointContinue Reading
Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. That was above the 225,000 Dow Jones estimate and a sign that theContinue Reading
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Wednesday before the House Financial Services Committee in remarks that markets will be watching closely. related investing news El-ErianContinue Reading
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. Kevin Dietsch | Getty Images Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakersContinue Reading
A number of European and Asian nations have suspended flights from southern Africa after authorities announced a new coronavirus variant has been found. The United Kingdom said Thursday it is temporarily suspending flights from six countries. The European Commission, the executive arm of the EU, also said Friday that allContinue Reading
U.S. stock futures were lower early Wednesday morning as rising rates continued to frighten away investors from high-priced tech shares. Other factors were also influencing the market early Wednesday: Traditional retail stocks took a hit following poor quarterly results. Gap lost 21% and Nordstrom tumbled about 27% in premarket trading.Continue Reading
COP26 President Alok Sharma (L) MP and Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change speak at the start of the stock taking Plenary on day thirteen of the COP26 at SECC on November 12, 2021 in Glasgow, Scotland. Ian Forsyth | Getty Images NewsContinue Reading
U.S. equity futures nudged lower early Wednesday as investors await key data that will be the next big indicator of how much rising price pressures are accelerating. Dow Jones Industrial Average futures dipped 70 points. S&P 500 futures fell 11 points and Nasdaq 100 futures were off 57 points. InvestorsContinue Reading