Fed must try to avoid a ‘harsh recession,’ Daly says
[ad_1] The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep…
[ad_1] The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep…
[ad_1] Nearly a fifth of the S&P 500 index sank to new 52-week lows Thursday led by some of the biggest names in the tech sector. By early afternoon trading…
[ad_1] Bitcoin and ether have outperformed major stock indexes so far this week, despite the dollar’s continued rally as Treasury yields have climbed. Bitcoin BTCUSD, -0.49% lost about 1.4% on…
[ad_1] The Securities and Exchange Commission announced Thursday that Big-Four accounting firm Deloitte’s China affiliate had agreed to pay $20 million to settle charges that it has asked clients to…
[ad_1] “‘The U.S. economy remains in a strong place to deal with a full set of headwinds, including those coming from abroad.’” — Jared Bernstein, member of President Joe Biden’s…
[ad_1] Former Bank of England Gov. Mark Carney said the U.K. government was undercutting other institutions. In an interview with the BBC, Carney said the tax cuts unveiled by Chancellor…
[ad_1] Shares in luxury vehicle maker Porsche edged higher in its first day of trade on Thursday, after pricing at the top end of the range. Porsche P911, preference shares,…
[ad_1] Shares of CIFI Holdings (Group) Co. 884, -23.26% dropped to record lows on Thursday after the Chinese property developer said it is having issues distributing cash for an investment…
[ad_1] Ken Griffin, the billionaire founder and chief executive of the hedge fund Citadel, thinks the U.S. may have already hit peak inflation, though a recession is still possible. Speaking…
[ad_1] Instagram and Snapchat have been sweating the effects of TikTok’s ascent, but now it seems they have another upstart rival to worry about. BeReal, which bills itself as a…
[ad_1] Tesla Inc. named one of Airbnb Inc.’s co-founders to its board Wednesday, increasing the total number of directors back to eight. Joe Gebbia joins the board of Tesla TSLA,…
[ad_1] The Republican Party’s chances of taking control of the U.S. Senate in November’s midterm elections have been bouncing back, with betting market PredictIt putting them at 45% on Monday — a…
[ad_1] Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index,…
[ad_1] As Hurricane Ian approaches Florida, a new report estimates that more than a million homes are at risk of being damaged by the storm. The report by real-estate data…
[ad_1] European and UK benchmark natural gas prices jumped after Kremlin-run Gazprom warned that the remaining gas route to Europe, via Ukraine, is now at risk of being shut off.…
[ad_1] The White House is weighing up the potential departure of Treasury Secretary Janet Yellen after the midterms, according to a published report. Axios reported, citing people familiar with the…
[ad_1] Apple Inc. is dropping plans to boost production of its latest iPhones this year after lower-than-expected demand, according to a new report. Bloomberg News reported Tuesday night that an…
[ad_1] Many Apple News users received a push notification Tuesday containing racist and obscene language, the result of an apparent hack. The offensive message came in a push alert from…
[ad_1] The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and other measures at the heart of a U.K. government fiscal plan that sank the…
[ad_1] In light of the recent U.S. stock market losses, Bank of America (BofA) saw more buying of equities among its clients during last week’s selloff, and there was a…
[ad_1] Cathie Wood’s ARK Investment Management LLC on Tuesday debuted the ARK Venture Fund, the firm’s first foray into private investments. The venture fund intends to invest in early- to…
[ad_1] The numbers: Americans feel a lot better because of falling gas prices: A survey of U.S. consumer confidence jumped to a five-month high of 108 in September. The strong…
[ad_1] Chicago Fed President Charles Evans on Tuesday gave a spirited defense of the dot plot as he said rates may need to plateau next year. Speaking at the Official…
[ad_1] Amazon.com Inc. will hold a second global sales day in October to help consumers hunt for holiday bargains early, marking the first time the e-commerce giant has held two…
[ad_1] China’s industrial profits fell 2.1% in January-August, widening from the 1.1% drop recorded in the first seven months of the year, data from the National Bureau of Statistics bureau…