Finance

Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year

The average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary by 1…

Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?

BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just…

Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high

It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark…

Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show

Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little…

The Fed is expected to cut interest rates in 2024. Here’s how investors can prepare

With U.S. Federal Reserve officials expecting to cut interest rates in 2024, there are steps investors can take now to…

Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility

Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft…

‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with…