Stocks Fall After Fed Comments, Strong Retail Sales Data
Boston Fed President Susan Collins said it was too soon to say whether the Fed should cut interest rates next month. “It’s not a done deal.”
Fed’s Collins Says December Rate Cut Still on the Table
(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said a December interest-rate cut remains on the table, emphasizing the central bank’s decision will be guided by incoming data.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissions“I do see the policy stan
UK bus market witnesses 36.1% growth in Q3 2024
The increase in new bus, coach, and minibus registrations in Q3 marks six consecutive quarters of growth.
This OG Bitcoin Investor Just Turned $120 Into $178M
The user held BTC from when it was worth $0.06 all the way up to $90,000.
$99 Billion Bet: Warren Buffett Invests Heavily In 2 Stocks Expected To Jump 19% And 20%, Wall Street Analysts Predict
Warren Buffett's investment strategy is a case study in bold and safe play. Nearly $99 billion is pegged on two iconic names: Apple and Coca-Cola. Through Berkshire Hathaway, Buffett has channeled a whopping half of his equity holdings into Apple alone and he's held tight to his Coca-Cola shares since the late 1980s. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – You can still get 4,000 of its pre-IPO shares for just $1,000 This Adobe-backed AI m
Manhattan US Attorney to scale back crypto cases, prosecutor says
The U.S. Attorney's Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday. Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York, gave his assessment one day after President-elect Donald Trump's former U.S. Securities and Exchange Commission chair Jay Clayton to become the U.S. attorney there. Hartman said the office would not ignore crypto cases, but has fewer prosecutors working on them than when digital asset prices collapsed in 2022, a period known as "crypto winter."
Burberry refocuses on core strengths amid market challenges
Burberry’s return to its roots could prove effective if implemented swiftly, according to GlobalData’s Louise Deglise-Favre.
October retail sales top estimates, September spending revised sharply higher
October's retail sales report will be closely watched by investors for signs that the US economy remains on solid footing as the Federal Reserve begins to cut interest rates.
EU Banking Authority Issues Guidelines to Tighten Crypto Oversight
The European Banking Authority (EBA) has released new guidelines aimed at ensuring compliance
Alibaba Stock Drops Despite Higher-than-Estimated Profit; Sales Disappoint
Alibaba Group shares traded in the U.S. were lower in Friday morning trading after the Chinese ecommerce giant posted higher-than-expected quarterly earnings but revenue was lower than Wall Street anticipated.