Fed states it can be not all set to cut premiums until finally ‘greater confidence’ inflation is going to 2% goal

Federal Reserve officials at their June assembly indicated that inflation is going in the suitable direction but not rapidly plenty of for them to reduce desire fees, minutes unveiled Wednesday confirmed.

This is breaking information. Be sure to test back for updates.

Source

Finance

Scott Bessent calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade

May 18, 2025

Treasury Secretary Scott Bessent appears before the House Financial Services Committee on May 7, 2025 in Washington, DC. Pete Marovich | Getty Images Treasury Secretary Scott Bessent said in an interview on NBC News’ “Meet the Press” that Moody’s Ratings were a “lagging indicator” after the group downgraded the U.S.’ credit rating by a notch from the highest […]

Finance

Pilotless planes are taking flight in China. Bank of America says it’s time to buy

May 18, 2025

Source

Finance

Insiders at UnitedHealth are scooping up tarnished shares

May 16, 2025

Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice […]