The firm has a cautious view on consumer credit heading into 2023 that will hurt stocks such as Ally.
China signals slight Covid policy easing — but don’t expect sweeping changes yet
A trickle of changes around China’s Covid controls in the last day is raising hopes that broader relaxation is on the way.
UK banks told to break ‘class ceiling’ with new targets to boost diversity among senior hires
The U.K.’s financial services sector must do more to “break the ‘class’ ceiling,” according to a government-backed task force.
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
The Fed’s policy tightening and a strengthening dollar are having a knock-on effect on African nations’ balance sheets and public debt burdens.
Stocks making the biggest moves after hours: Salesforce, Snowflake, Costco, Five Below and more
See which stocks are posting big moves after the bell.
If you’re still missing your tax refund, you’ll soon receive 7% interest from the IRS — but it’s taxable
If you’re waiting for a tax refund, it may be accruing interest, and the rate jumps to 7% from 6% in January. Here’s what filers need to know.
Stocks making the biggest moves midday: CrowdStrike, Horizon Therapeutics, Petco and more
These are the stocks posting the largest moves in midday trading.
Fed Chair Powell says smaller interest rate hikes could start in December
Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead.
Watch Fed Chair Jerome Powell speak on the economy and monetary policy
Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brookings Institution.
Job openings fall in October amid Fed efforts to cool labor market
The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month.