[The stream is set to start at 9:30 a.m. ET] Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress. The central bank chief is expected to provide updates on the state of the economy and on how the Fed
[The stream is set to start at 9:30 a.m. ET] Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress. The central bank chief is expected to provide updates on the state of the economy and on how the Fed
Reuters Fed to lift rates by 75 basis points in July, 50 bps in September - Reuters poll The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at
If you're thinking of pulling your 401(k) out of the stock market, or you're too terrified to invest more, you need to meet my friend Betty Badluck. Poor old Betty has had the worst luck of any stock market investor you've ever met. In the last
Text size Crude prices fall as the Biden administration takes more steps to try to lower gasoline prices.
Reuters Fed to lift rates by 75 basis points in July, 50 bps in September - Reuters poll The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at
Here are Wednesday's biggest calls on Wall Street: Morgan Stanley resumes Advanced Micro Devices as overweight Morgan Stanley resumed coverage of the semiconductor company after a long period of restriction and said AMD's valuation is "reasonable." "While a digestion phase in PCs and consoles appears
An earthquake of magnitude 6.1 killed at least 280 people in Afghanistan early on Wednesday, officials said, adding that hundreds of people were injured and the toll was likely to rise as information trickled in from remote mountain villages. The quake struck about 44 km (27
A rough year for investors in Boston Beer could soon get worse, according to investment firm Bernstein. Analyst Nadine Sarwat downgraded Boston Beer to market perform from outperform, saying in a note to clients that the beverage company's forecast appears too optimistic. "We still think
Supply chain disruptions are still rippling across the globe, and the head of the world's largest truckmaker has warned that shortages of parts are slowing the production of thousands of its vehicles. Daimler Truck CEO Martin Daum told CNBC Wednesday that the current supply chain squeeze