Breaking News: Investing
Stock futures inch higher after Fed raises rates by most since 1994
U.S. stock index futures were modestly higher during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.22%. S&P 500 futures were up 0.23%, while Nasdaq 100 futures advanced 0.29%. The major averages ended Wednesday’s session higher, with […]
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Powell says the Fed could hike rates by 0.75 percentage point again in July
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July as it did in June. “From the perspective of today, either a 50 basis point […]
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Sen. Warren asks bank regulator to reject TD’s $13.4 billion acquisition after customer-abuse report
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion […]
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Natural gas plummets as Freeport delays facility restart following explosion
Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022. Maribel Hill | Reuters Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up […]
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Novogratz says crypto going through a ‘Long Term Capital Management moment’ but nearing a bottom
Michael Novogratz Anjali Sundaram | CNBC Crypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto,” Novogratz said on CNBC’s […]
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Warren Buffett’s son donates $2.7 million for Ukraine aid after meeting with Zelenskyy
Howard Buffett, son of billionaire investor Warren Buffett, is donating millions of dollars from his foundation in support of Ukraine after meeting with President Volodymyr Zelenskyy. The Howard G. Buffett Foundation donated $2.7 million to the citizen-funded nonprofit Spirit of America, which is delivering nine 50-passenger buses to the Ukrainian Territory Defense Forces. The Buffett […]
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Recession could hit this year so buy defensive dividend stocks, Wolfe Research says
It’s time for investors to snap up defensive dividend stocks as a recession could hit later this year, according to Wolfe Research. Wolfe analysts said in a note Monday that believe a recession could turn up as early as the fourth quarter, though they maintained that their base case is for a downturn in 2023. […]
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Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters The odds of a recession may be climbing as the Federal Reserve wrangles with inflation, but it’s unlikely to be a deep one, according to Morgan Stanley CEO James […]
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Binance pauses bitcoin withdrawals due to a ‘stuck transaction’ as crypto sell-off deepens
The logo of cryptocurrency exchange Binance displayed on a smartphone with the word “cancelled” on a computer screen in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Binance said Monday that it is temporarily pausing bitcoin withdrawals “due to a stuck transaction causing a backlog.” At first, Binance founder and CEO […]
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Goldman Sachs CEO David Solomon’s advice to summer interns: ‘Be an entrepreneur’
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Internships have started at Goldman Sachs’ offices in the U.S. this week, according to the global investment bank. Roughly 3,700 people won a coveted spot in the company’s internship program out of a record […]
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