Fed’s Kaplan says it’s ‘too early’ to decide if interest rates need to be cut
Robert Kaplan Hailey Lee | CNBC Dallas Fed Robert Kaplan called on his fellow central bankers to continue to be patient as economic events unfold before making changes to interest rates. In an essay delivered Monday, Kaplan said he is...
Bitcoin rallies above $11,000 through the weekend, nearing a 15-month high
Bitcoin is closing in on its highest level in more than a year after soaring above $11,000 over the weekend. The world’s first and largest cryptocurrency hit a high of above $11,307.69 Sunday evening, bringing its one-week gains to more...
Billionaires to Trump and other 2020 candidates: Please tax us
Some of America’s billionaires have a message for the next president of the United States: Tax us. Nineteen billionaires including George Soros, Abigail Disney, Chris Hughes and members of the Pritzker family released a bipartisan letter on Monday asking the...
Beijing wants the US to stop ‘inappropriate’ actions against Chinese firms
The flags of the U.S. and China. Holger Gogolin | iStock | Getty Images BEIJING — The Chinese government would like the U.S. to cancel “inappropriate” actions against Chinese companies, vice commerce minister Wang Shouwen said Monday. The U.S. Commerce...
Trump says he never threatened to demote Fed Chair Powell, but has the ‘right’ to do so
President Donald Trump, left, and Jerome Powell, governor of the U.S. Federal Reserve and Trump’s nominee for chairman of the Federal Reserve, walk to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on...
The Fed could cut rates four times over the next 12 months because of low inflation
James Bianco is out with a bullish call that could send stocks flying. The market researcher predicts the Federal Reserve will cut rates not once, not twice — but multiple times starting in July. His chief reason: Inflation is non-existent....
Investor Karen Firestone: What the pros do when they are underperforming (other than panic)
A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Three weeks ago, we had a few of our worst days...
Stocks making the biggest moves midday: Korn Ferry, Beyond Meat, Advanced Micro Devices & more
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images Check out the companies making headlines midday Friday: Korn Ferry — Shares of Korn Ferry sank...
Your first trade for Friday, June 21
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Alphabet. Jeff Mills was a buyer of the Emerging Markets ETF. Dan Nathan was a buyer of Cisco. Guy Adami was...
A Fed president explained why he was the lone member who wanted an ‘insurance’ cut this week
St. Louis Fed President James Bullard wanted his fellow central bankers to approve an “insurance” rate cut at this week’s meeting as a guard against weaker growth and low inflation. In a statement Friday, Bullard explained his vote against the...
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