The Federal Reserve has withdrawn from a network of global financial regulators focused on climate risk days before President-elect Donald J. Trump returns to power. The central bank announced that it was formally joining the network in December 2020, shortly after President Biden was elected. The decision was met with praise from Democrats and skepticism…
The Federal Reserve cut its benchmark interest rate to between 4.25% and 4.5% on Wednesday. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Here’s how analysts, economists, and other experts reacted to the Fed decision and market reaction. The Federal Reserve cut its benchmark interest rate on Wednesday…
• Fed rate cut, FOMC dot-plot, Powell comments will be in focus this week. • Micron offers significant upside potential backed by robust earnings growth and strong demand for its AI-related products. • Nike faces mounting challenges, with declining revenues, a cautious outlook, and soft consumer demand suggesting further downside for its stock price. •…
Nearly 1,500 Hong Kong school pupils will be offered psychological counselling services on campus if they suffer from depression or anxiety under a new initiative to improve support networks by expanding the pool of counsellors. With support from annual fundraising drive Operation Santa Claus (OSC), local charity Mind HK will launch the Improving Access to…
Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to cut rates, and reiterated the strength of the US economy. Traders also digested wholesale inflation data, which was in line with expectations. Thanks for signing up! Access your favorite topics in a personalized…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. With a net worth of over $14 billion, Ray Dalio is one of the most respected investors on Wall Street. He founded Bridgewater Associates in 1975, which has grown to become the world’s largest hedge fund, with roughly…