Fed&#x27s Mester however expects amount cuts this calendar year, but policies out May perhaps

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Cleveland Fed President Loretta Mester claimed Tuesday she however expects interest level cuts this 12 months but ruled out the up coming policy meeting in May.
Mester also thinks the lengthy-operate federal funds fee will be greater than the prolonged-standing expectation of 2.5%. As a substitute, she sees the so-called neutral or “r*” price at 3%.

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Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

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Tricolor CEO received a .25 million bonus weeks before company’s bankruptcy, prosecutors say

Finance

Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say

December 17, 2025

Key Points Tricolor CEO Daniel Chu directed a deputy to send him $6.25 million in bonuses in August, weeks before the company filed for bankruptcy, U.S. prosecutors alleged. Chu is accused of engaging in “systemic fraud” over roughly seven years through 2025, according to an indictment unsealed on Wednesday. Prosecutors say Chu used some of […]

Finance

Stocks making the biggest moves midday: Oracle, Jabil, Paramount, Texas Pacific & more

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Check out the companies making the biggest moves in midday trading: Texas Pacific Land — Shares of the large Texas landowner jumped 8% after it struck a deal with Bolt Data & Energy to develop large-scale data center campuses on properties owned by Texas Pacific Land. Jabil — The electronics firm fell about 2%, however, […]