The Federal Reserve Bank of Philadelphia has chosen Anna Paulson, a top official at the Chicago Fed, to serve as its next president. Paulson, 60, will replace Patrick Harker on June 30, when Harker steps down after completing a 10-year term.
If the U.S. economy avoids a downturn caused by tariffs, economists see risks of financially painful "stagflation."
Several big insurance firms joined UnitedHealth in the list of top S&P 500 decliners today.
(Bloomberg) -- Stocks in developing nations were on track for their best daily performance in a month on Thursday, as progress in trade talks between the US and Japan spurred investor optimism. Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformTh
(Bloomberg) -- A double-digit selloff in UnitedHealth Group Inc. is dragging down the blue-chip Dow Jones Industrial Average, pushing it toward a day of historical underperformance.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformThe Dow Jones I
New U.S. Bank CEO Gunjan Kedia outlined a focused strategy of urgency, expense discipline, and organic growth to regain investor confidence amid turbulent economic headwinds.
Hedgeye's Ishmael Asad tried to warn OM token holders three days before its 90% crash
Microsoft, PayPal downgraded: Wall Street's top analyst calls
(Bloomberg) -- US financial assets are at risk of “mirroring dynamics of the UK and emerging markets” as the Trump administration embraces protectionism, says Pacific Investment Management Co.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Transit Plan Brings a Call for Zoning Reform“Rap
NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said Thursday he sees no imminent need for a change in central bank interest rate policy as Trump administration tariffs are likely to drive up inflation, weaken growth and push up unemployment. “I think monetary policy is well positioned,” Williams said in an interview with Edward Lawrence on television channel Fox Business. “I don't see any need to change the setting of the fed funds rate anytime soon.”
