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Financial News Around the World

IMF says Fed should hold interest rates where they are until ‘at least’ end of year

IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until ‘at least’ the second half of the year.

Published 27 June 2024
Categorised as Finance News

There’s a big Fed inflation reading coming Friday. Here’s what to expect

There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.

Published 27 June 2024
Categorised as Finance News

Chewy stock jumps after trader Roaring Kitty posts picture of cartoon dog

Shares of the online pet food retailer popped on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X resembling its logo.

Published 27 June 2024
Categorised as Finance News

Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more

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

Published 27 June 2024
Categorised as Finance News

Retail traders came out in force to buy the recent dip in AI darling Nvidia

Main Street investors took Nvidia’s recent sell-off as a buying opportunity, snapping up shares of the dominant artificial intelligence chipmaker.

Published 27 June 2024
Categorised as Finance News

Supreme Court curbs SEC powers to enforce securities laws

The case is one of several on the docket in which the conservative majority court is weighing business-backed efforts to curb the power of federal agencies.

Published 27 June 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Walgreens, Levi Strauss, Micron and more

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

Published 27 June 2024
Categorised as Finance News

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed’s results.

Published 27 June 2024
Categorised as Finance News

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

This year’s stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders like Truist.

Published 26 June 2024
Categorised as Finance News

Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and more

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

Published 26 June 2024
Categorised as Finance News

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