Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month
Wall Street is wrong about the Federal Reserve’s interest rate path, according to former Pimco chief economist Paul McCulley. Barring…
Stocks making the biggest moves midday: WW International, CarMax, Mohawk, Moderna and more
Check out the companies making headlines in midday trading. WW International – Shares of the WeightWatchers parent surged 48%. Goldman…
Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warns
Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International…
‘Unfinished business’: Biden visits Northern Ireland as political tensions persist
U.S. President Joe Biden concluded his brief visit to Northern Ireland on Wednesday to mark the 25th anniversary of the…
Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows
Consumers are getting more pessimistic about inflation and their access to credit, according to the results of a monthly survey…
Stocks making the biggest moves premarket: Micron, Pioneer Natural Resources, Tesla and more
Check out the companies making headlines in premarket trading. Micron Technology – Shares jumped more than 6% following news that…
Major trading platform CEO sees signs of a bond ETF revival
Demand for bond ETFs appears to be rising. According to MarketAxess CEO Chris Concannon, there are signs Treasury ETFs are…
Job growth totals 236,000 in March, near expectations as hiring pace slows
Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in…
Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more
Check out the companies making headlines in midday trading. Costco — The wholesale retailer’s shares dropped 2.2% after the company…
Layoffs are up nearly fivefold so far this year with tech companies leading the way
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from…
