‘Bite of these higher rates is gaining traction almost every day,’ KBW CEO Thomas Michaud warns
A major financial services CEO warns the economy hasn’t fully absorbed higher interest rates yet. Thomas Michaud, who runs Stifel…
The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%
The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6%…
Fed holds off on rate hike, but says two more are coming later this year
WASHINGTON — The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as…
Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD and more
Check out the companies making headlines in midday trading. Logitech — Shares tumbled 11.1% after the company announced president and…
Stocks making the biggest moves premarket: Toyota, AMD, Shell, UnitedHealth and more
Check out the companies making the biggest moves in premarket trading. Toyota — The Japan-based automaker’s shares jumped about 5%…
Stocks making the biggest moves midday: JD.com, Biogen, Oracle and more
Check out the companies making headlines in midday trading. Biogen — Shares of the biotech stock dipped 2.8% after Biogen…
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off…
Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple and more
Check out the companies making headlines before the bell. Oracle — Shares jumped more than 5% after Oracle announced a…
