‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…
DoubleLine’s Jeffrey Gundlach says 10-year Treasury yield will fall to 3% next year
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday the 10-year Treasury yield will continue to fall to the 3% range next year, following the…
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling to 2.4% in 2024. The…
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table…
Stocks making the biggest moves midday: Etsy, Pfizer, Tesla, Vertex Pharmaceuticals and more
Check out the companies making headlines in midday trading. Etsy — Etsy’s stock sank 2% after the e-commerce company said…
$4.7 billion European fintech firm Pleo appoints new CFO, pointing to IPO hopes
Danish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive…
