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Financial News Around the World

Fed’s Harker sees ‘lack of progress’ on inflation, expects aggressive rate hikes ahead

Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed.

Published 20 October 2022
Categorised as Finance News

Stocks making the biggest moves premarket: AT&T, American Airlines, Blackstone and more

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

Published 20 October 2022
Categorised as Finance News

Europe’s $9 billion digital bank N26 launches crypto trading service amid bear market

An N26 executive said interest in cryptocurrencies “remains super high, even in a bear market.”

Published 20 October 2022
Categorised as Finance News

What China’s big party congress this week means for the economy

The twice-a-decade Chinese leadership meeting this week has implications for which parts of the economy will receive support or pressure, Natixis analysts said.

Published 20 October 2022
Categorised as Finance News

From fly fishing to cycling — the new popular pastimes of the ultra-rich

While you might expect the ultra-rich to be all about golf, yachts and skiing, outdoor activities like fly fishing and mountain biking are becoming popular.

Published 20 October 2022
Categorised as Finance News

Stocks making the biggest moves after hours: Tesla, IBM, Alcoa and more

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

Published 19 October 2022
Categorised as Finance News

MacKenzie Scott’s latest $84.5 million donation could transform Girl Scouts as you know them

Billionaire MacKenzie Scott recently donated $84.5 million to the Girl Scouts to hire staff, improve facilities and provide girls with STEM education.

Published 19 October 2022
Categorised as Finance News

IRS bumps up estate-tax exclusion to $12.92 million for 2023. Here’s what that means for wealthy Americans

Starting in 2023, individuals can transfer up to $12.92 million to heirs, during life or at death, without triggering a federal estate tax bill.

Published 19 October 2022
Categorised as Finance News

Here’s what the Wells Fargo cross-selling scandal means for the bank’s growth

Wells Fargo’s reputation is in tatters following reports of mass-scale fraud. Regulators have fined the bank repeatedly and capped its growth.

Published 19 October 2022
Categorised as Finance News

Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more

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

Published 19 October 2022
Categorised as Finance News

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