The Fed must do two items to re-set up trustworthiness, Allianz’s El-Erian says

The Fed must do two items to re-set up trustworthiness, Allianz’s El-Erian says


Important Details
  • Fed Chairman Jerome Powell struck a hawkish tone during his speech at the Jackson Hole financial symposium previous week.
  • El-Erian gave the Fed credit for developing a obvious and regular message, but explained it would need to do two extra matters in order to give its forward assistance credibility from right here on out.



Supply

Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more
Finance

Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more

Check out the companies making headlines in after-hours trading. Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates. UnitedHealth — The insurer jumped nearly 8% after Warren Buffett’s Berkshire Hathaway revealed a new stake , according to […]

Read More
Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts and more
Finance

Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts and more

Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its initial public offering at $23 per share. It last traded above $31. Paramount Skydance — The […]

Read More
Paramount has become a ‘playpen for momentum goons’ riding UFC deal, short squeeze, says analyst
Finance

Paramount has become a ‘playpen for momentum goons’ riding UFC deal, short squeeze, says analyst

Paramount Skydance shares have quickly turned into the mecca for momentum-driven retail traders who piled into the stock on hype around UFC matches, according to Don Bilson, head of event-driven research at Gordon Haskett. The stock with the ticker PSKY started trading last Friday after Paramount Global’s merger with Skydance Media finalized. On Wednesday, six […]

Read More