The Fed is losing control
America's first inflation crisis in decades, combined with the Federal Reserve's aggressive interest rate hikes to combat it, has made for a topsy-turvy past couple years on Main Street and Wall Street alike. It has weighed on consumers and kept investors constantly second-guessing themselves.
2023-10-24 19:55
US Budget Deficit Doubles to $2 Trillion in Dire Warning for Washington
In a year when the US economy exceeded almost everybody’s expectations, the underlying federal deficit roughly doubled, spotlighting
2023-10-24 17:58
Marc Andreessen and John Doerr Join Closed Senate Forum on AI
An array of technology leaders and advocates are headed to Capitol Hill on Tuesday afternoon to propose how
2023-10-24 17:54
Jamie Dimon Criticizes Central Banks for ‘Dead Wrong’ Forecasts
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the fact that central banks got financial forecasting
2023-10-24 17:51
Cnooc Profit Drops on Lower Oil Price Despite Rising Output
Cnooc Ltd.’s profit dropped in the third quarter due to lower oil prices as China’s sputtering economic recovery
2023-10-24 17:51
Barclays Flags Cost Cuts as Traders Miss, UK Guidance Drops
Barclays Plc is planning to cut costs after the banking giant’s trading division missed estimates in the third
2023-10-24 16:29
Australia central bank sees risks on inflation, will not hesitate on rates
SYDNEY Australia's top central banker on Tuesday warned there were risks inflation would prove more stubborn than expected
2023-10-24 16:26
Swedish Landlord Heimstaden Sees Stabilizing Property Values
Heimstaden Bostad AB, one of Europe’s biggest residential landlords, says property valuations are now showing signs of stabilization
2023-10-24 16:26
Novartis Lifts Outlook After Shedding Sandoz Generics
Novartis AG raised its profit forecast for a third time in the drugmaker’s first report after spinning off
2023-10-24 15:58
Puma Earnings Beat Estimates on Strong Demand for Sneakers
Puma SE reported earnings that narrowly beat analysts’ estimates amid strong demand for sneakers in Europe and a
2023-10-24 15:56
Goldman, Citigroup Drop Off Investcorp Capital’s Abu Dhabi IPO
Goldman Sachs Group Inc. and Citigroup Inc. have dropped off the planned Abu Dhabi initial public offering of
2023-10-24 15:54
Nidec Plunges Most Since 2011 After EV Malaise Hits Profit
Nidec Corp. slumped the most in more than 12 years after reporting quarterly earnings that missed estimates, underscoring
2023-10-24 14:49