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Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates

“The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully,” Powell said.

Published 14 November 2024
Categorised as Finance News

Watch Fed Chair Powell speak live to business leaders in the Dallas area

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.

Published 14 November 2024
Categorised as Finance News

Stocks making the biggest moves midday: Tapestry, Capri, Disney and more

These are the stocks posting the largest moves in midday trading.

Published 14 November 2024
Categorised as Finance News

Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high

Burberry is aiming to boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans announced Thursday.

Published 14 November 2024
Categorised as Finance News

Gary Gensler reviews his accomplishments, says he was ‘proud to serve’ as SEC chair

In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.

Published 14 November 2024
Categorised as Finance News

Wholesale prices rose 0.2% in October, in line with expectations

The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast.

Published 14 November 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and more

These are the stocks posting the largest moves in premarket trading.

Published 14 November 2024
Categorised as Finance News

It’s ‘liquidity, stupid’: VCs say tech investing is tough amid IPO lull and ‘nuts’ AI hype

Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite “nuts” funding rounds for AI firms like OpenAI.

Published 14 November 2024
Categorised as Finance News

Britain’s motor finance industry is in crisis – with banks bracing for billions in payouts

The crisis has prompted comparisons to Britain’s PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).

Published 14 November 2024
Categorised as Finance News

Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch

Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.

Published 14 November 2024
Categorised as Finance News

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  • 3 forces driving a record week for stocks as 7 portfolio names hit new highs
  • 3 forces driving a record week for stocks as 7 portfolio names hit new highs
  • 3 forces driving a record week for stocks as 7 portfolio names hit new highs
  • 3 forces driving a record week for stocks as 7 portfolio names hit new highs

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