U.S. Economy
Wharton’s Jeremy Siegel says stock sell-off is ‘healthy’ as cautious Fed gives investors a ‘reality check’
The stock sell-off on Wall Street was “healthy,” as the Federal Reserve’s cautionary projection on future rate cuts gives investors a “reality check,” according to Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School. The U.S. Federal Reserve cut interest rates by a quarter percentage point at its last meeting of the […]
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10-year Treasury yield leaps to 4.5% as Fed signals caution on future rate cuts
U.S. Treasury yields jumped on Wednesday after the Federal Reserve announced its latest interest rate cut, but signaled fewer could be on the horizon. The yield on the 10-year Treasury climbed more than 11 basis points to 4.498%, hovering around the key 4.5% level in afternoon trading. The 2-year Treasury yield surged more than 10 […]
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Yellen warns incoming Trump team against interfering with bank supervision
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks’ capital levels, liquidity and risk-taking. […]
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Yellen discusses South Korean political crisis with country’s finance minister
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen spoke to South Korean Finance Minister Choi Sang-mok on Tuesday and discussed South Korea’s political turmoil following President Yoon Suk Yeol’s attempt last week to impose martial law. Yellen “expressed appreciation for the close […]
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If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says
Your Money If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says Published Tue, Dec 10 20243:45 PM ESTUpdated 3 Hours Ago Greg Iacurci@GregIacurci WATCH LIVE Source
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U.S. can become a crypto superpower with ‘sensible’ regulation, Eric Trump says
A set of “sensible” regulatory guidelines can help make the U.S. a cryptocurrency superpower, according to Eric Trump, executive vice president of the Trump organization and son of president-elect Donald Trump. Speaking to CNBC’s Dan Murphy in Abu Dhabi, United Arab Emirates, Eric Trump said Monday that he’d been a “big fan of crypto for […]
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What’s next for Meta’s metaverse
In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse. “There was genuinely a need and a desire at the time for Facebook, the company, to rebrand into something else,” said […]
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Watch live: Fed Chair Jerome Powell speaks at Dealbook conference
[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on […]
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‘Small caps are going to become more in favor in 2025:’ VettaFi’s research head doubles down on winning group
ETF Edge ‘Small caps are going to become more in favor in 2025:’ VettaFi’s research head doubles down on winning group Published Sat, Nov 30 202411:00 AM EST Krysta Escobar WATCH LIVE Source
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Here’s why Americans traveling to Europe may find bargains in 2025
Oscar Wong | Moment | Getty Images Euro is expected to hit parity with the dollar Economists expect the euro to fall to or even below parity with the U.S. dollar next year. That would mean the currencies had a 1:1 exchange rate. The euro is used by 20 of the 27 nations in the […]
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