Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’

Key Points

Chicago Federal Reserve President Austan Goolsbee said Monday on CNBC that the central bank would react to signs of weakness in the economy.
“I’m not going to bind our hands of what should happen going forward because we’re still going to get more information. But if we are not overheating, we should not be tightening or restrictive in real terms,” he said.
Markets expect the Fed to head into an aggressive easing mode, starting in September with a 0.5 percentage-point rate cut.

Source

Finance

Walmart is using its own fintech firm to provide credit cards after dumping Capital One

June 9, 2025

Key Points Walmart’s majority-owned fintech startup OnePay said Monday that it was launching a pair of new credit cards for customers of the world’s biggest retailer. To do so, OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies […]

Finance

Robinhood shares drop after the online brokerage fails to get the nod to join the S&P 500

June 9, 2025

In this article HOOD Follow your favorite stocksCREATE FREE ACCOUNT People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images […]

Finance

Stocks making the biggest moves premarket: Warner Bros. Discovery, Tesla, Robinhood, IonQ and more

June 9, 2025

Check out the companies making headlines before the bell. Warner Bros. Discovery – Shares jumped nearly 9% after Warner said it will split into two publicly traded companies by next year. One company will host WBD’s streaming services and movie properties, while the other will include its cable networks such as CNN and TNT Sports. […]