On Tuesday, Powell told the Senate Banking Committee that the central bank could raise interest rates moer aggressively if inflation data remains strong.
Category: Finance News
Private payrolls rose by 242,000 in February, better than expected, ADP says
Companies added jobs at a brisk pace in February as the labor market kept humming, payroll services firm ADP reported Wednesday.
No exit ramp for Fed’s Powell until he creates a recession, economist says
The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist Steven Blitz.
China plans to revamp finance, tech oversight
China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity.
BlackRock says the Federal Reserve could hike interest rates to a peak of 6%
BlackRock’s chief investment officer of global fixed income Rick Rieder wrote in response to Fed Chair Jerome Powell’s testimony before a Senate committee.
One of Europe’s biggest banks is quickly rotating job roles to help women get to the top
The finance industry needs to be faster at getting women into management positions, according to Santander Executive Chair Ana Botin.
Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares
Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions.
Stocks making the biggest moves after hours: CrowdStrike, Stitch Fix and more
These are the stocks posting the largest moves in extended trading.
Why moving in retirement can earn you an extra $100,000 — or more
Retirees who relocate to an area with lower home prices can earn big bucks to cushion their nest egg. But it may not make sense for everyone.
Stocks making the biggest moves midday: Rivian, Delta, Snap, Dish Network and more
Airlines rose, while Rivian shares were under pressure.