Economy
Fed considering changes to what constitutes a ‘well-managed’ bank
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022. Joshua Roberts | Reuters The Federal Reserve is taking another step toward easing regulation for big financial institutions, this time […]
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Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more
Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but […]
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La Compagnie CEO on business travel demand and impact of a weaker U.S. dollar
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Christian Vernet, La Compagnie CEO, joins ‘Money Movers’ to discuss the increase in demand for luxury travel, earnings and impact of a weaker dollar. Source
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Stocks making the biggest moves premarket: Delta Air Lines, WK Kellogg, PTC, AMD and more
Check out the companies making headlines in premarket trading. Delta Air Lines — Shares advanced nearly 12% before the opening bell after the airline reinstated its 2025 profit outlook , and second-quarter revenue and net income exceeded analyst estimates. Brazilian stocks — The iShares MSCI Brazil ETF (EWZ) dropped nearly 2% premarket after President Donald […]
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Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry manages a glut of flights, but the carrier’s outlook […]
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These European islands launched 30 road trips — but the destinations are kept secret
The Faroe Islands are rolling out road trips for travelers looking to explore beyond the usual hot spots. The catch? Visitors don’t know where the trips will take them. The Danish archipelago’s tourism board, Visit Faroe Islands, on Tuesday launched 30 itineraries that take travelers on self-guided driving tours. The tours are accessible via […]
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Bishop of major Catholic diocese exempts parishioners from Mass over fears of ICE raids
Reverend Alberto Rojas, Bishop of the Diocese of San Bernardino Ordaining Prelate and Principal Celebrant, leads the Ordination to the Priesthood mass at St. Paul the Apostle Catholic Church in Chino Hills on Saturday, May 20, 2023. Will Lester | Medianews Group | Getty Images A Catholic bishop in California has issued a rare decree […]
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Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength. Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position on future rate moves. […]
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Trump threatened to ‘bomb the s— out’ of Moscow to deter Putin: CNN
Russian President Vladimir Putin and U.S. President Donald Trump. Mikhail Metzel | Evelyn Hockstein | Via Reuters President Donald Trump told campaign donors last year that he had threatened to “bomb the s–t out of Moscow” if Russian President Vladimir Putin invaded Ukraine, according to a new report. Trump at the same donor meeting claimed […]
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Trump’s next Fed chair pick already comes with a credibility problem
Key Points The next Fed chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy. Trump reportedly is considering naming a “shadow chair” until the current occupant, Jerome Powell, leaves office next year, in an attempt to pressure the Fed into […]
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