Fed’s Mester still expects rate cuts this year, but rules out May
From CNBC: 2024-04-02 12:05:31 President and CEO of the Federal Reserve Bank of Cleveland, Loretta Mester, appears on “The Exchange”
Category: Finance
SEC Chair Gary Gensler signals that disclosure will be a key issue in the year ahead
From CNBC: 2024-04-02 10:03:15 SEC Chairman Gary Gensler discussed upcoming priorities during the “SEC Speaks” event, emphasizing the need for
Xiaomi shares up 15% after Chinese smartphone maker launches first EV
From CNBC: 2024-04-01 21:46:44 Chinese smartphone maker Xiaomi saw a 15% surge in shares as it launched the SU7 electric
Goldman Sachs helps its clients launch ETFs
From CNBC: 2024-04-01 18:46:23 Investor demand for ETFs remains high as Goldman Sachs COO Steve Sachs warns firms without offerings
Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer
From CNBC: 2024-03-31 17:00:01 The Federal Reserve may cut rates further in the second quarter due to a deteriorating jobs
Bitcoin soaring to $150,000 this year
From CNBC: 2024-03-30 11:00:01 Hedge fund manager Mark Yusko predicts Bitcoin will double to $150,000 this year. He advises investors
Huawei’s profit doubled in 2023 as smartphone, autos business picked up
From CNBC: 2024-03-29 04:17:20 Huawei’s net profit doubled in 2023, reaching 87 billion yuan with a 9.6% revenue growth to
Xiaomi releases electric car $4k cheaper than Tesla’s Model 3 as price wars heat up
From CNBC: 2024-03-28 09:17:07 Xiaomi unveils its first electric car in China, the SU7, priced at 215,900 yuan, undercutting Tesla’s
China economy on track for strong March performance: China Beige Book
From CNBC: 2024-03-27 18:00:01 China’s economy finishes Q1 on a high note, with improved industrial activity and retail spending, according
‘A little goes a long way’
From CNBC: 2024-03-27 16:26:43 Investors interested in buying cryptocurrency like bitcoin should consider allocating only 2% to 3% of their
Amazon spends $2.7B on startup Anthropic in largest venture investment
From CNBC: 2024-03-27 12:50:11 Amazon is making its largest outside investment of $2.75 billion in Anthropic, a San Francisco-based startup
China’s Xi meets U.S. execs as businesses navigate bilateral tensions
From CNBC: 2024-03-27 05:06:29 Chinese President Xi Jinping met with U.S. business leaders to boost foreign investment amid tensions. Hopes
Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
From CNBC: 2024-03-26 09:56:18 The Central Bank of Nigeria raised its key interest rate by 200 basis points to 24.75%
Binance executive escapes Nigerian custody as authorities file new tax charges
From CNBC: One of two Binance executives detained in Nigeria has escaped custody while the Nigerian government files new tax
Japan bucks PE slowdown in Asia with deal value soaring 183% last year
From CNBC: The total value of private equity deals in Asia Pacific fell to its lowest since 2014, with Japan
New funds target weight loss, Big Tech hype: Roundhill Investments
From CNBC: A major ETF provider is launching funds focusing on tech giants and weight loss drugs. Roundhill Investments prepares
Why gray divorce is a significant financial risk for women
From CNBC: Gray divorce, or divorce at age 50 and older, has increased significantly over the past decades. In 2019,
Anthropic lining up a new slate of investors, ruled out Saudi Arabia
From CNBC: Sovereign wealth funds are vying for a stake in Anthropic, a rival to OpenAI. Saudi Arabia is excluded
Commercial Bank of Ethiopia ‘glitch’ sees customers withdraw millions
From CNBC: A glitch at the Commercial Bank of Ethiopia allowed customers to withdraw over $40 million, causing chaos over
How to spot and overcome ‘ghost’ jobs
From CNBC: Amid a tough job market, watch out for “ghost” jobs – phantom listings or long-unfilled positions. Career experts
Immigration is boosting the U.S. economy and has been ‘underestimated’
From CNBC: Influx of immigration boosts U.S. economy, according to JPMorgan’s Joyce Chang. Federal Reserve raises U.S. GDP growth projection
TikTok aside, Congress has its eye on the U.S. money going into China
From CNBC: 2024-03-20 19:16:10 The U.S. Congress is laser-focused on how American capital has funded China’s military development, pushing for
Fed raises GDP and inflation outlook, while keeping rate cut forecast
From CNBC: Federal Reserve Chairman Jerome Powell testifies at a Senate hearing, revealing plans for three interest rate cuts in
Central bank holds rates steady, maintains three cuts coming
From CNBC.: The Federal Reserve decided to keep interest rates steady and hinted at multiple cuts in 2024. The current
Bank of England set to hold rates, but falling inflation brings cuts into view
From CNBC: 2024-03-20 08:56:39 The Bank of England expected to maintain 5.25% interest rate amidst economic slowdown. Inflation drops to