US consumer spending surges, while underlying inflation slows
U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with...
Fintech firm Revolut gets green light to expand to Japan and Singapore
British mobile bank Revolut has obtained licenses to operate in Japan and Singapore as it readies an expansion...
US manufacturers say Trump tariffs will bring higher prices, not more jobs
The Trump administration’s widening trade war will raise prices for U.S. consumers, but it won’t bring back many...
Ditch cyclical for tech, health-care stocks going into ‘weaker’ 2019: Credit Suisse
The stock market is headed higher but investors should make some changes in their portfolios to accommodate shifts...
Eddie Lampert’s ESL Investments reportedly partnering with Cyrus Capital Partners in Sears bid
Sears Chairman Eddie Lampert is partnering with Cyrus Capital Partners in its bid for Sears Holdings, Bloomberg reported...
After Powell comments, traders see just one rate hike next year
Stocks surged and bonds sold off Wednesday afternoon in a powerful move, after market pros took Fed Chairman...
Fed Chairman Powell now sees current interest rate level ‘just below’ neutral
Federal Reserve Chairman Jerome Powell said Wednesday he considers the central bank’s benchmark interest rate to be near...
Fed warns that a ‘particularly large’ plunge in market prices is possible if risks materialize
The Federal Reserve issued a cautionary note Wednesday about risks to financial stability, saying trade tensions, geopolitical uncertainty...
US third-quarter GDP growth unrevised at 3.5%
The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough...
Mnuchin reportedly asked around to see if there are alternatives to Fed rate hikes
With the Federal Reserve under fire for raising interest rates, Treasury Secretary Steven Mnuchin has been looking to...
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