In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council.
Stocks making the biggest moves premarket: Oracle, Oxford Industries, Adobe, Gemini Space Station & more
These are the stocks posting the largest moves in early trading.
Goldman Sachs leads investment in software delivery startup Harness at $5.5 billion valuation
Harness CEO Jyoti Bansal wants to eventually take Harness public after he sold his previous startup, AppDynamics, to Cisco just before a planned IPO.
Night owl bitcoin traders: Soon there’ll be an ETF just for you
If approved, the Nicholas Bitcoin and Treasuries AfterDark ETF would buy and sell bitcoin-linked financial instruments outside U.S. trading hours.
Here are the five big takeaways from Wednesday’s Fed rate decision
The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
What DoubleLine’s Jeffrey Gundlach is betting on after the Fed decision
The widely followed investor said he recently shifted positive on broad commodities, pointing to a steady, largely overlooked rally in the asset class.
Divided Fed approves third rate cut this year, sees slower pace ahead
The Federal Reserve on Wednesday made its final final interest rate move of the year.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in October.
The Fed is the most divided it’s been in more than a decade
Three members of the Federal Open Market Committee didn’t agree with the central bank’s quarter percentage point cut on Wednesday.
Fed still forecasts just one rate cut for next year
The central bank’s so-called dot plot indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.