Philadelphia Fed President Harker advocates for interest rate cut in September

Key Points

Philadelphia Federal Reserve President Patrick Harker provided a strong endorsement to an interest rate cut on the way.
“I think it means this September we need to start a process of moving rates down,” Harker told CNBC.
Kansas City Fed President Jeffrey Schmid also spoke to CNBC, offering a less direct take on the future of policy, though he leaned toward a cut ahead.

Source

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

Job market is ‘trash’ right now, career coach says — here’s why

June 9, 2025

Key Points It’s a tough market for job seekers, especially recent graduates, experts said. Employers are hiring at the slowest pace in more than a decade, even as unemployment and layoffs are relatively low. Don’t underestimate the power of building personal connections and networking while hunting for a job, one expert said. Source

Finance

UK finance watchdog teams up with Nvidia to let banks experiment with AI

June 9, 2025

Key Points The U.K.’s Financial Conduct Authority announced the Supercharged Sandbox, a partnership with Nvidia that aims to help banks safely experiment with AI. The initiative is designed for financial services firms in the “discovery and experiment phase” with AI, the FCA said. Banks have faced challenges shipping advanced new AI tools to their customers […]