‘Make or break week:’ Stifel sees 40% chance of President Biden dropping out of the race
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington…
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns
Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp.…
Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall…
Fahmi Quadir, short seller nicknamed ‘The Assassin,’ takes aim at for-profit college giant Adtalem
WASHINGTON — Short seller Fahmi Quadir has found her new target: The $2 billion market cap Adtalem Global Education, a…
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…
One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…
Consumers starting to buckle for first time in a decade, former Walmart U.S. CEO Bill Simon warns
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week,…
Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to…
