Traders see the odds of a Fed rate cut by September at 100%
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that…
Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold…
Many Americans think they’re insulated from climate change. Their finances indicate otherwise
Many Americans think they’re insulated from the effects of global warming. But climate change is already having negative and broad…
Small caps are the hottest trade going in the stock market now and they surged another 3% Tuesday
Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to…
Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe
LONDON — Microsoft’s hiring of certain former employees from artificial intelligence startup Inflection has been referred for an initial merger…
Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury
LONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on Tuesday referred to…
Morgan Stanley tops estimates on stronger-than-expected trading and investment banking
Morgan Stanley said second-quarter profit and revenue topped analysts’ estimates on stronger-than-expected trading and investment banking results. Here’s what the…
Bank of America shares jump 5% after saying net interest income rebound is coming
Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees.…
Deutsche Bank criticized by German regulator for financial reporting error
Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the…
