Most Fed officials expect one more interest rate hike and that they'll remain elevated for a while, minutes show
Most Federal Reserve officials said last month that they expect one more rate hike, according to minutes from their September policy meeting released Wednesday. Some officials said that how fast inflation cools in the coming months will determine how long rates remain elevated.
2023-10-12 02:24
Despite rout, bond strategists stay tethered to falling yield forecasts
By Sarupya Ganguly BENGALURU Bond market strategists are holding on to their forecasts for U.S. Treasury yields to
2023-10-12 02:18
Uncertainty, growth risks put Fed on cautious footing in September, minutes show
By Howard Schneider WASHINGTON Uncertainty around the path of the U.S. economy, including difficulties estimating the state of
2023-10-12 02:16
Exxon deal puts spotlight on M&A targets but heightened scrutiny a dampener
By Mrinalika Roy Exxon Mobil's mega $60 billion deal for shale rival Pioneer Natural Resources could be a
2023-10-12 02:16
Birkenstock stumbles in its stock market debut as Wall Street trades in its wingtips for sandals
Birkenstock shares are tumbling as the stock makes its debut on the New York Stock Exchange as Wall Street trades in its wingtips for sandals for a day
2023-10-12 01:57
European investment bank to offer Morocco $1 billion euro loan
MARRAKECH The European Investment Bank said on Wednesday it will lend Morocco 1 billion euros ($1.06 billion) over
2023-10-12 01:55
Billionaire Paolo Rocca Has a Plan B for Lithium If Alpha Bid Fails
Billionaire Paolo Rocca’s steel and energy group will enter the lithium business one way or another — saying
2023-10-12 01:47
High Court Suggests Support for GOP-Drawn South Carolina Map
The US Supreme Court suggested it will reinstate a Republican-drawn congressional map in South Carolina, hearing arguments in
2023-10-12 01:45
Biden administration takes aim at junk fees across the economy
By Diane Bartz, Jeff Mason and Douglas Gillison WASHINGTON (Reuters) -The Biden administration took another shot at unpopular junk fees
2023-10-12 01:23
The UAW's 'record contract' hinges on pensions, battery plants
By Joseph White DETROIT After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers
2023-10-12 00:50
Harvard student groups issued an anti-Israel statement. CEOs want them blacklisted
Billionaire hedge fund CEO Bill Ackman and several other business leaders are demanding Harvard University release the names of students whose organizations signed on to a letter blaming solely Israel for the deadly attacks by Hamas.
2023-10-12 00:22
Fed's Waller: Fed can "watch and see" if further hikes needed
By Howard Schneider U.S. Federal Reserve Governor Christopher Waller on Wednesday said higher market interest rates may help
2023-10-12 00:21