Economist Austan Goolsbee named next Chicago Fed president
[ad_1] The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an…
Fed Chair Jerome Powell says smaller rate hikes could come in December
[ad_1] WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely…
U.K. house prices slump in November, falling by the most since the pandemic
[ad_1] U.K. house prices took a sharp tumble in November, falling by the most since the height of the pandemic, according to Nationwide Buliding Society. The latest survey, released Thursday,…
Salesforce, Snowflake, Costco and more
[ad_1] Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making…
European Central Bank says bitcoin is on the ‘road to irrelevance’
[ad_1] The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of…
Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
[ad_1] Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 for next year, warns corporate America…
Apple, DraftKings, Biogen, Williams-Sonoma and more
[ad_1] A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making the biggest moves midday: Apple — Apple shares fell 3.89% following a report that…
Apple, Taboola, Biogen and more
[ad_1] Take a look at some of the biggest movers in the premarket: Apple (AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro…
Collapsed crypto exchange FTX owes top 50 creditors $3 billion: Filing
[ad_1] This illustration photo shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing the FTX website in the background in Arlington,…
Why investors may want to add retail ETFs to their cart
[ad_1] ‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “We…
Fed’s Mester wants more progress on inflation before ending interest rate hikes
[ad_1] Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging…
Best Buy, Dick’s, Abercrombie & Fitch and others
[ad_1] Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. The electronics…
Abercrombie & Fitch, Disney, Best Buy, Zoom and more
[ad_1] A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making…
China may have ‘passed the point of no return’ as Covid infections soar
[ad_1] BEIJING — Surging Covid infections across mainland China make it harder for the government to achieve zero-Covid without reverting to a harsh lockdown, Macquarie’s Chief China Economist Larry Hu…
Credit Suisse projects $1.6 billion fourth-quarter loss
[ad_1] Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected…
Deere, HP, Nordstrom and others
[ad_1] Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported better-than-expected profit and revenue for its latest quarter and issued an upbeat…
CME’s Terry Duffy says he saw trouble before FTX collapse
[ad_1] A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the…
Sequoia’s Doug Leone says today’s downturn is worse than 2000 and 2008
[ad_1] Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve…
Stocks making the biggest moves premarket: Activision, Tesla, Manchester United
[ad_1] Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely…
Binance, others line up bids for bankrupt Voyager after FTX collapse
[ad_1] Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank.…
Apple, Manchester United, Activision Blizzard and more
[ad_1] Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Check out the companies making…
Warren Buffett explains his $750 million charitable donation on Thanksgiving eve
[ad_1] Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence…
China’s capital city Beijing battles Covid with more apartment lockdowns
[ad_1] Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty Images BEIJING — China’s capital city is grinding to…
German consumer sentiment set to continue its recovery in December
[ad_1] Consumer confidence in Germany is set to continue to stabilize in December, although remaining at a very low level. Market research group GfK’s forward-looking consumer-sentiment index forecasts confidence rising…
Binance creates $1 billion crypto industry fund after FTX collapse
[ad_1] Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty…