Investors expect a faster pace for Fed rate hikes, CNBC survey shows
Amid heightened concerns about inflation, respondents to the CNBC Fed Survey believe the Federal Reserve will announce a decision to taper Wednesday and begin hiking interest rates considerably sooner than previously forecast. Respondents to the survey overwhelmingly forecast that the...
‘Absolutely bullish’: Why PNC Financial sees the growth trade beating value into year end
If the market’s record rally continues into year end, PNC Financial’s Amanda Agati predicts value stocks will lag and growth stocks will play a dominant role. Agati, the firm’s chief investment officer, blames a slowing economy and earnings — as...
Yellen says she has discussed Fed chair with Biden, praises Powell for doing a ‘good job’
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. She did not disclose any specific plans Biden has, though...
Build Back Better would extend tax credit boost for millions of low-income Americans
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28,...
Stocks making the biggest moves in the premarket: Harley-Davidson, Spotify, Trivago and more
Take a look at some of the biggest movers in the premarket: Harley-Davidson (HOG) – The motorcycle maker’s shares soared 9.4% in the premarket after the U.S. and the European Union ended a dispute involving steel and aluminum tariffs. Harley...
Here are the 3 big ways Democrats’ social plan would expand health coverage
President Joe Biden on Oct. 29, 2021 in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images Insurance subsidies The measure would expand subsidies for health insurance in two ways, according to Cynthia Cox, director of the Affordable...
Biden to discuss intensifying supply chain challenges with G-20 leaders
A cargo ship moves under the Bayonne Bridge as it heads into port on October 13, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images WASHINGTON – President Joe Biden is expected to spotlight disruptions in the global supply...
Stocks making the biggest moves midday: Starbucks, Apple, Amazon, U.S. Steel and more
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Shares of U.S. Steel gained more than 12,9% as the company’s...
Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman called Friday for the Federal Reserve to begin reining in the support it has provided for the U.S. economy during...
Goldman Sachs is giving hedge fund clients crypto research from data firm The Block
Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has stared giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports Thursday via...
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