|
John Williams says there is ‘room for a further adjustment' in borrowing costs
|
RELATED ARTICLES | | |
|
‘I'll stick up for you': key moments from the cordial Trump-Mamdani meeting The Guardian4 takeaways from the bizarrely chummy Trump-Mamdani meeting CNN‘Fascist'? ‘Communist'? For an Afternoon, They Were Just 2 Guys From Queens. The New York TimesQueens men meet Queens Daily EagleTrump and Zohran Mamdani find common ground: From the Politics Desk NBC News
|
RELATED ARTICLES | | |
|
What does the September jobs report, delayed by six weeks because of the government shutdown, say about the economy? Lydia DePillis, our economics reporter, describes how the report, which was better than expected, comes at a moment of deep uncertainty.
|
|
Stock Market Today: Dow Rises; Global Chip Stocks Drop; Bitcoin Falls Further — Live Markets The Wall Street JournalWhat on Earth just happened to the stock market? CNNWall Street edges higher as stocks rebound from the prior day's volatile downturn MSNStock market today: Dow, S&P 500, Nasdaq futures rise, bitcoin sinks as roller-coaster week nears end Yahoo Finance
|
|
The platform's core business relies on retail investors pouring into speculative corners of the market, particularly crypto and AI-linked stocks.
|
RELATED ARTICLES | | |
|
FCA says ‘streamlining' of requirements to report transactions will save companies more than £108mn a year
|
RELATED ARTICLES | | |
|
Leveraged ETFs bring even more risk to volatile assets like crypto.
|
|
Nvidia Seesaws As AI Stock Trade Stumbles Investor's Business DailyNvidia stock wavers after Q3 earnings, forecasts top estimates with sales for AI chips 'off the charts' Yahoo FinanceAI mania is making Nvidia a lot of money TechCrunchNvidia's reversal stuns the tech world. What the charts say happens next with the stock CNBC
|
|
A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as a rout in those assets increasingly has been viewed as predictive for where the broader stock market is headed.
|
|
Texas asks Supreme Court to reinstate congressional map that could give GOP 5 more seats PoliticoTexas Asks Supreme Court to Clear Way for Republican-Friendly Congressional Map The New York TimesTexas thrusts Supreme Court into Trump's midterm redistricting fight CNNSupreme Court justice pauses order blocking Texas map favoring GOP The Washington Post
|
|
Zelensky warns Ukraine risks losing US support over White House peace plan BBC‘Witkoff needs a psychiatrist': Europeans fume at Trump's plan to profit from frozen Russian assets politico.eu‘The Ukrainians will have to accept': Why Trump officials think now is their best chance for a deal PoliticoLatest Push for Peace Is Zelensky's Toughest Moment Since Start of War The Wall Street Journal
|
|
Federal judge rebukes administration's use of force during 'Operation Midway Blitz' ABC NewsAppeals court blocks release of hundreds of migrants arrested in Illinois just a day before they could have left detention CNNICE in Chicago: Federal judge's report shares details on use of force during Operation Midway Blitz ABC7 Chicago
|
|
4 questions — and answers — about the Epstein files release PoliticoCongress isn't done with Epstein — but Trump's thumb is firmly on the scale The IndependentTrump says he's signed bill to release Epstein files CBS NewsPolitics The EconomistOpinion | The Epstein files will come out. No one is looking good.
|
|
Zelenskyy says Ukraine has impossible choice as Trump pushes plan to end war The GuardianUkraine faces losing dignity or US support with Trump's plan to end war, Zelensky says CNN‘The Ukrainians will have to accept': Why Trump officials think now is their best chance for a deal PoliticoEuropean Leaders Back Zelensky After Trump's Russia-Ukraine Peace Plan Excludes Them The New York TimesTrump Peace Plan Demands Major Concessions From U
|
|
The BLS said it was canceling the release of the October CPI, leaving the Fed without a key piece of inflation data before it next decides on interest rates.
|
|
John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.'
|
|
Developments in Japan are creating a risk that investors in the U.S. Treasury market may one day pull the rug out by keeping more of their savings at home.
|
|
Rumer Willis shares emotional update on dad Bruce Willis amid dementia battle: 'I still see a spark of him' Entertainment WeeklyBruce Willis' Daughter Rumer Willis Shares Heartbreaking Update Amid His Dementia Battle E! NewsEmma Heming Willis says husband Bruce Willis 'on stable ground' USA TodayRumer Willis Shares Why It's Hard to Say How Her Father Bruce Willis Is Doing amid His Dementia Diagnosis People.com
|
|
Today's biggest science news: CDC in turmoil | Moss survives space | Comet 3I/ATLAS images Live Science
|
|
BJ's Wholesale's stock gains after profit beat expectations and the full-year outlook was raised again, to offset disappointing growth in a key sales metric.
|
|
A federal judge blocked the Internal Revenue Service from sharing data with immigration enforcement officials, ruling that the tax agency violated federal law and individual rights in its support for President Donald Trump's mass deportation campaign.
|
|
'We agree on a lot more than I would have thought,' Trump says after 'great meeting' with Mamdani BBCTrump praises NYC Mayor-elect Mamdani after White House meeting, shrugs off being called 'fascist' CNBCMamdani's meeting with Trump comes with a power disadvantage PoliticoTrump-Mamdani live updates as incoming NYC mayor and president meet at White House CBS News
|
|
House Democratic super PAC drops $1 million on Tennessee special election PoliticoThe Tennessee Upstart That Suddenly Has Trump World Quaking Mother JonesTennessee House Race Rivets Democrats and Worries Republicans The New York TimesMillions pour into Tennessee special election ahead of December vote NBC News
|
|
Lilly becomes first drugmaker to hit $1 trillion valuation on weight-loss demand ReutersEli Lilly joins the $1 trillion club AxiosThe $1 Trillion Drug Bet: How Eli Lilly Outsprinted Big Tech on Fat, Pills, and Wall Street Dreams Yahoo FinanceLilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts ReutersLilly Breaks $1 Trillion Mark In Historic Milestone
|
|
Treasury chief Scott Bessent has repeatedly brought up how he expects Americans to ring in the new year in part by reducing the amount of federal income tax that they hand over in every paycheck, making the move due to the tax cuts in the GOP's One Big Beautiful Bill Act.
|
|
The pharmaceutical giant Eli Lilly's stock has been riding the skyrocketing demand for its weight loss injection Zepbound and diabetes treatment Mounjaro.
|
|
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
|
RELATED ARTICLES | | |
|
Market odds of a cut remained weak following the release of the September jobs data, the first nonfarm payrolls report investors are seeing since the government shutdown.
|
|
The Federal Aviation Administration says only 776 of the more than 10,000 air traffic controllers who had to work without pay during the shutdown will receive bonuses.
|
|
The situation today is not quite the same as the dot-com bubble, but the market is about 80% of the way there, says the founder of hedge fund Bridgewater Associates.
|
|
The deal will allow Abbott -- which makes continuous glucose monitors and other products -- to enter the cancer testing space.
|
|
President Trump said he and Chinese leader Xi Jinping "agreed to almost everything" in their nearly two-hour meeting in South Korea, which Trump said was "friendly."
|
|
I love it when organizations try and do something good, but don't think things through and end up delivering unintended negative consequences.
Today's case in point: the US Senate and the Federal Reserve, both of whom are looking to reduce high interchange costs, but are unintentionally increasing costs for merchants and sharply boosting the undiscovered fraud rate. Not bad for government work.
Let's start with the Senate, where Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) have crafted The Credit Card Competition Act of 2022. Its stated goal: reduce the interchange fee that financial institutions and card brands (Visa, MasterCard, Amex, etc.) charge retailers.
To read this article in full, please click here
|
|
 William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into...
|
|
