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Financial News Around the World

The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect

While markets have made up their mind that the Fed is going to cut, there’s a vigorous debate over how far policymakers will go.

Published 17 September 2024
Categorised as Finance News

DoubleLine’s Gundlach says the Fed needs to cut rates quickly, sees a half-point reduction Wednesday

DoubleLine Capital CEO Jeffrey Gundlach said the Federal Reserve needs to ease policy quickly amid an economic slowdown.

Published 17 September 2024
Categorised as Finance News

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

While the talks are early and could falter, the move could mean that the country’s largest credit card issuer may be about to grow even larger.

Published 17 September 2024
Categorised as Finance News

Lawmakers are ‘demeaning their role’ by trying to influence the Fed, House finance chair says

The chair of the House Financial Services Committee said it was an ‘outrage’ that some politicians are trying to direct the central bank’s rate cuts.

Published 17 September 2024
Categorised as Finance News

Planning to delay retirement may not rescue you from poor savings

Many people retire earlier than expected due to unforeseen factors like a layoff or poor health.

Published 17 September 2024
Categorised as Finance News

Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and some economists think it could be more.

Published 17 September 2024
Categorised as Finance News

How to invest for the next decade with New York Life’s Lauren Goodwin from Future Proof 2024

With interest rates likely to remain volatile, here is where New York Life’s Lauren Goodwin sees opportunities.

Published 17 September 2024
Categorised as Finance News

Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more

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

Published 17 September 2024
Categorised as Finance News

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily balances.

Published 17 September 2024
Categorised as Finance News

Former Dallas Fed President Kaplan advocates for a half-point interest rate cut

Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year, Kaplan told CNBC.

Published 17 September 2024
Categorised as Finance News

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