Fed’s Bowman says you can find ‘a lot additional work to do’ to deliver down inflation

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Federal Reserve Governor Michelle Bowman claimed Tuesday she expects additional desire level raises forward, with increased rates to prevail for a although right until inflation is subdued.
“I hope that after we realize a adequately restrictive federal funds fee, it will need to have to continue to be at that level for some time,” she mentioned.

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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 […]

Finance

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

May 16, 2025

U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including […]

Finance

Stocks making the biggest moves midday: Applied Materials, Novo Nordisk, Cava, Vistra and more

May 16, 2025

Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. […]