Noting that inflation has cooled but “remains well above” the Fed’s 2% target, Powell said the Fed still has more work to do.
Category: Finance News
4 ways ‘anchoring bias’ can hurt you financially
Consumers tend to rely on the first number they see to guide future decisions. That has implications for shopping, savings and other aspects of finance.
Stocks making the biggest moves premarket: Spotify, FedEx, Tesla, Coinbase and more
These are the stocks posting the largest moves in premarket trading.
Business in China is getting harder for European companies despite the end of Covid controls
European businesses in China are finding it harder to operate in the country, even after it has re-opened from Covid, the EU Chamber of Commerce in China said.
Chinese EV maker Nio raises more than $700 million in capital injection from Abu Dhabi
Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government.
As growth stalls for the U.S. and China, Blinken talked up economic ties in high-stakes Beijing trip
U.S. Secretary of State Antony Blinken underscored the importance of the economic aspects of the bilateral relationship during his high-stakes trip to China.
BofA top equity strategist Savita Subramanian takes most bullish position in at least 10 years
The market is more rational than it’s been in a decade, according to BofA Securities’ head of U.S. equity and quantitative strategy.
Apple nears key $3 trillion market cap. Here’s what the pros are saying
Pros on CNBC discussed Apple as the iPhone maker nears $3 trillion in market cap.
IRS weighs guidance for small business tax credit. ‘People were duped,’ taxpayer advocate says
The IRS is weighing guidance for small businesses that wrongly claimed the employee retention tax credit. Here’s what entrepreneurs need to know.
Stocks making the biggest moves midday: Goldman Sachs, Avis, Rivian, Nike and more
These are the stocks posting the largest moves in midday trading.