Like slicing bread with a chainsaw, the Fed still has more dirty work to do to tame inflation, says storied Wall Street veteran
The creator of the index measuring bond market volatility says the Fed isn't about to pivot just yet.
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Stocks Slip as Powell Vows to Keep Up Inflation Fight
The European Central Bank raised interest rates for a second consecutive meeting. Jerome Powell said the Fed needs to act strongly to fight inflation.
FuelCell stock falls after net loss more than doubles and was wider than expected
Shares of FuelCell Energy Inc. sank 4.0% in premarket trading Thursday, after the maker of fuel cell technology platforms reported fiscal third-quarter losses that more than doubled and were wider than expected, but revenu...
Biden to highlight updated boosters at White House event, and Republics push back on funding for next phase of pandemic
President Joe Biden is expected to deliver remarks on COVID later Thursday, highlighting the arrival of updated boosters that target the newer, more infectious variants and their subvariants.
NexImmune Shares Rise 17% After Service Agreement With Selexis
NexImmune Shares Rise 17% After Service Agreement With Selexis
Mortgage rates march towards 6%, reaching highest level since 2008 — but there is some good news for home buyers
The 30-year mortgage rate is averaging at 5.89%, Freddie Mac said in its weekly survey on Thursday.
ShiftPixy stock soars on record volume, after plan to spin off ShiftPixy Labs business
Shares of ShiftPixy Inc. skyrocketed 84.1% in very active morning trading Thursday, enough to make them the biggest gainers trading on major U.S. exchanges, after the gig-economy focused workforce management company annou...
U.S. stocks open lower as ECB hikes rates, Powell stands firm on inflation fight
U.S. stocks opened lower on Thursday as investors heard from two of the world's most prominent central bankers.
Mortgage Rates Continue Ascent Amid Inflation Battle
Mortgage Rates Continue Ascent Amid Inflation Battle
Most big cryptocurrencies decrease as Cardano declines
Most big cryptocurrencies decrease as Cardano declines
Very Good Food Shares Rise on Considerations of Sale or Merger
Very Good Food Shares Rise on Considerations of Sale or Merger
Powell Says the Fed Can't Back Down Prematurely in Its Fight Against Inflation
Fed Chairman Jerome Powell participated in a Q&A with the Cato Institute about the state of monetary policy.
GameStop stock rises after narrower-than expected loss but company ‘remains a mess,’ Wedbush says
The results marked GameStop’s sixth consecutive quarterly loss.
Roku Has Its Challenges. But Analyst Still Upgrades the Stock.
A Pivotal Research Group analyst upgrades his rating on Roku to Hold from Sell.
ECB Lifts Interest Rates Again Keeping Pace With the Fed
The European Central Bank lifted interest rates for a second consecutive meeting to contain inflation, even though the economic outlook has worsened.
Regeneron Says Retinal Treatment Trials Met Primary Endpoints
Regeneron Says Retinal Treatment Trials Met Primary Endpoints
Breaking Dow's 100-point fall led by losses in shares of Intel, 3M
Dow's 100-point fall led by losses in shares of Intel, 3M
ScotGems' Shareholders Approve Liquidation; Plans 79p/Share Payout
ScotGems' Shareholders Approve Liquidation; Plans 79p/Share Payout
First Solar Gets Double Upgrade From Goldman. Why the Stock Is Now a Buy.
Analyst Brian Lee at Goldman Sachs raises his price target on First Solar to $172 from $60.
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Hourslong Shooting Spree Leaves 4 Dead in Memphis
A 19-year-old suspect was arrested after a manhunt and a high-speed car chase. Some of the incidents were streamed on Facebook Live, the police said.
Mortgage Rates Hit 5.89%, Highest Level Since 2008
The rate on a 30-year mortgage topped an earlier high in June. This time last year, rates were below 3%.
Wanted: Two Giant Fiberglass Hands. Old Roadside Attractions Come Back to Life.
Matching 30-foot-tall waiters in Ohio dubbed Jacques and Pierre—one handless and one headless—are getting reborn, with the help of volunteers. ‘It’s a little piece of Americana.’
Rivian, Mercedes to Partner on Electric-Van Factory
The companies signed an agreement to establish a European factory dedicated to the production of electric vans.
What Does the Cost of a Child Really Tell You?
It isn’t the key to birthrates, and it leaves out everything that matters.
Ukrainian Forces Punch Forward in East, Threatening Russian Supply Lines
Ukraine’s military advanced as much as 30 miles in the country’s east and liberated more than 20 villages and towns, a senior commander said, in a rapid thrust aimed at cutting Russian supply routes.
Jobless Claims Fall for Fourth Straight Week
Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 222,000 last week from a revised 228,000 the previous week. Claims have been ticking down after moving up earlier in the summer.
Trump Gets No Respect on Foreign Policy
His administration may have been lacking in polish, but it left behind a record of success.
Queen Elizabeth II’s Health Causes Doctors Concern
Buckingham Palace said that the queen’s doctors were concerned for her health and had decided to keep her under medical supervision.
How Leaders Can Create a Cybersecure Workplace Culture
Bosses can start by highlighting the importance of cybersecurity—as often as possible
Who Will Pay the Price for Cyberattacks?
Insurers have long excluded war damage from their coverage. A new spate of legal battles will decide whether they can consider state-sponsored hacking an act of war.
Fed’s Powell Affirms Need to Act Strongly on Inflation
Central bank officials haven’t pushed back against expectations for a third consecutive 0.75-point rate increase later this month.
Steve Bannon Surrenders to Face Criminal Charges in New York
The former Trump adviser has called the charges a “partisan political weaponization of the criminal justice system.”
SEC’s Gensler Supports Commodities Regulator Having Bitcoin Oversight
Gary Gensler says he looks forward to working with Congress to give the Commodity Futures Trading Commission added power to oversee and regulate crypto nonsecurity tokens and related intermediaries.
Chess Is in Chaos Over Suspicion That a Player Cheated Against Magnus Carlsen
When the world champion withdrew from a major tournament after a stunning loss, it ignited suspicions of foul play. Hans Moke Niemann, his opponent, denied any wrongdoing. Chaos ensued.
U.K. Government to Cap Household Energy Prices for Two Years
The substantial bailout is aimed at staving off a deep recession and bringing down inflation that is running at the highest rate among big developed economies.
Stocks Drop Amid New Fed Comments
U.S. stocks slipped as Federal Reserve Chairman Jerome Powell made a public appearance and the European Central Bank took forceful action of its own to tamp down inflation.
