The Boston Fed president expressed confidence that policymakers can tame inflation without doing too much damage to employment.
Category: Finance News
Stocks making the biggest moves premarket: Foot Locker, JD.com, Gap and others
These are the stocks posting the largest moves before the bell.
Brits face sharpest fall in living standards on record as government tightens its belt
As the U.K. government announces a £55 billion ($65.5 billion) program of tax hikes and spending cuts, the country faces its sharpest fall in living standards since records began.
Crypto startup Ripple is seeking a license in Ireland to drive EU expansion
Most of Ripple’s business is now driven outside of the U.S. despite its large presence in the country, General Counsel Stuart Alderoty told CNBC.
‘We’re going to dream a little less’: Sequoia’s Doug Leone on fallout from FTX’s collapse
Billionaire venture capitalist Doug Leone said there wasn’t much his firm Sequoia Capital could do to predict the solvency crisis at FTX.
Alibaba says 15% of China delivery areas were disrupted during Singles Day shopping festival
China’s Covid controls disrupted Alibaba’s ability to deliver packages, the company said, dragging down the e-commerce giant’s sales in a competitive market.
Stocks making the biggest moves after hours: Live Nation, Gap, Ross Stores, Palo Alto and more
These are the stocks posting the largest moves in post-market trading.
Visa says Ryan McInerney will replace Al Kelly as its next CEO
Ryan McInerney was named the next chief executive of Visa, replacing Alfred Kelly.
Taylor Swift public ticket sale on Friday is canceled, Ticketmaster says. But the secondary market can be ‘buyer beware’
After Ticketmaster canceled public ticket sale plans for Taylor Swift’s “The Eras Tour,” fans may turn to the “secondary” market to score a seat. But scams abound.
Tracking the bifurcation of consumer spending between luxury and budget goods
Oliver Chen, analyst at Cowen, and Scott Mushkin, analyst at R5 Capital, joins ‘Power Lunch’ to discuss consumer discretionary spending towards high-end versus budget goods, inflationary pressure on middle income consumers and holiday season purchase predictions.