For all the political firestorms they generate, government shutdowns have been nonevents for both markets and the economy.
Category: Finance News
Odds of a government shutdown rise to 70% in prediction markets
Users on Kalshi and Polymarket upped their bets on a government closure after the Labor Department said it won’t release a key jobs report in a shutdown.
Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase
Charlie Javice, founder of college financial aid platform Frank, was arrested in 2023 on charges she defrauded JPMorgan Chase in the sale of the fintech firm.
Why an analyst downgrade of Wells Fargo does not change our conviction in the stock
Morgan Stanley analysts cut Wells Fargo to a hold-equivalent rating from a buy Monday, citing limited upside ahead for shares.
A possible risk to markets from a shutdown getting chatter on trading floors
Wall Street is questioning some of the tail risk from a government shutdown and how it might differ from what’s happened in prior closures.
Labor Department won’t release Friday’s key jobs report, other data, in case of a shutdown
The Department is preparing for what would amount to a news and data blackout should the government suspend operations.
Stocks making the biggest moves midday: CSX, Electronic Arts, Pony AI, Merus & more
These are the stocks posting the largest moves midday.
The UK’s finance minister keeps public guessing over tax hikes
Reeves remains tight-lipped about the forthcoming Autumn Budget, at which economists expect her to announce tax hikes.
Stocks making the biggest premarket moves: Electronic Arts, Novo Nordisk, Lam Research, Oracle & more
These are the stocks posting the largest moves in premarket trading.
Cleveland Fed’s Hammack warns of ‘challenging time’ amid inflation worries
“On the inflation side right now, I continue to be worried,” Cleveland Federal Reserve President Beth Hammack Hammack told CNBC’s “Squawk Box Europe.”