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Financial News Around the World

Fed’s Mester wants ‘much more evidence’ that inflation has been defeated

The Cleveland Fed president said she’s reserving judgment on where policymakers go from here.

Published 16 November 2023
Categorised as Finance News

Stocks making the biggest moves midday: Sonos, Cisco Systems, Alibaba, Walmart and more

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

Published 16 November 2023
Categorised as Finance News

Charlie Munger says there isn’t the slightest chance Buffett traded own account to enrich himself

Berkshire Hathaway vice chairman Charlie Munger pushed back against a ProPublica report about Warren Buffett’s personal trading.

Published 16 November 2023
Categorised as Finance News

Correction: Stocks making the biggest moves premarket: Walmart, Cisco, Palo Alto Networks and more

These are the stocks posting the largest moves before the bell.

Published 16 November 2023
Categorised as Finance News

Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking

Eventual 2, 3% inflation in the U.S. is “very acceptable” outcome, given the conditions that the Federal Reserve had to grapple with.

Published 16 November 2023
Categorised as Finance News

Burberry shares sink 9% as luxury spending slowdown bites

Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts

Published 16 November 2023
Categorised as Finance News

Xi says U.S. and China can only be adversaries or partners, with no middle ground

Chinese President Xi Jinping told U.S. business executives Thursday the two countries have to choose between being adversaries or partners.

Published 16 November 2023
Categorised as Finance News

U.S. and China agree to resume military talks. Takeaways from the Biden-Xi summit

U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.

Published 16 November 2023
Categorised as Finance News

Stocks making the biggest moves after the bell: Cisco Systems, Palo Alto Networks and more

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

Published 15 November 2023
Categorised as Finance News

The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown

Markets may be at least a tad optimistic, particularly considering the cautious approach central bank officials have taken.

Published 15 November 2023
Categorised as Finance News

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