“As long as inflation does not rebound and remains high, I believe the (Federal Open Market Committee) will be able to lower the target range for the federal funds rate this year,” Waller said in prepared remarks to an audience…
Morgan Stanley shares fell Tuesday morning after the financial services giant reported mixed fourth-quarter results. Earnings fell short of Wall Street expectations due in part to a one-time charge, but revenue beat analysts’ estimates. The company reported fourth-quarter earnings per…
NEW YORK, January 16, 2024 – Goldman Sachs Group, Inc. announced… (NYSE: GS) today reported net revenues of $46.25 billion and net profits of $8.52 billion for the year ending December 31, 2023. Net revenues were $11.32 billion and net…
Morgan Stanley headquarters in New York City on January 17, 2023. Michael M. Santiago | Getty Images Morgan Stanley on Tuesday reported fourth-quarter revenue that beat expectations, helped by strong investment banking. Here’s how the bank’s performance compares to Wall…
Musk argued in a post on X that the car company is a collection of dozens of startups (File) Washington: Elon Musk has warned that he would prefer to build artificial intelligence products outside of Tesla if he does not…
Oliver Bate, CEO of German insurance group Allianz. norphoto | norphoto | Getty Images The Allianz Risk Barometer published this month indicated that political risks were already at a five-year high in 2023, with around 100 countries considered to be…
Nasdaq CEO says there are “signs” about interest rate cuts, but “the question is when they will start.” Nasdaq CEO Adena Friedman said markets expected there would be rate cuts, and added that she would be “a little concerned” about…
one hour ago Hong Kong leads losses in Asia with real estate and consumer stocks falling Hong Kong’s Hang Seng Index led losses among major Asian indices on Tuesday, falling 2.36%, dragged down by non-cyclical real estate and consumer stocks.…
Portuguese central bank governor Mario Centeno said Tuesday that euro zone inflation is moving in the right direction, although his peers on the European Central Bank’s Governing Council have taken a more hawkish tone in recent days. “We are targeting…
Updated January 16, 2024 at 12:01 a.m. ET The new wave of US bitcoin ETFs risks being doubly bad for investors. As holders of Bitcoin, they undermine the fundamental purpose of the cryptocurrency, and thus its long-term value. Since the…