Forex news, Company news, Analysis

Powell says the Fed could hike rates by 0.75 percentage point again in July

Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July as it did in June."From ...

Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

What the federal funds rate means to youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one ...

The Federal Reserve just hiked interest rates by 0.75 percentage point. How raising rates may help slow inflation

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 4, 2022 in Washington, DC.Win McNamee | Getty ImagesThe Fed's main ...

Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage point.In response to soaring inflation ...

Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crackdown

The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice.One idea is coming from Apex Clearing, CNBC has learned ...

Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others

Check out the companies making headlines before the bell:DocuSign (DOCU) – The electronic-signature technology company's stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of ...

‘Buy now, pay later’ firms were already in trouble. Apple just gave them one more thing to worry about

Apple Pay Later will let users pay for things over four equal installments.Jakub Porzycki | Nurphoto | Getty ImagesAMSTERDAM — Apple's move into the crowded "buy now, pay later" space ...

Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more

A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018.Hannah McKay | ReutersCheck out the companies making headlines in midday trading.Tesla — Shares rose about ...

Stock futures are flat on Wednesday evening

Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose ...

Stock futures are slightly lower on Monday

The major U.S. stock indexes rose modestly to begin the week as investors anticipate key inflation data due Friday ...

Stocks making the biggest moves in the premarket: Spirit Airlines, Didi Global, Keurig Dr Pepper and more

Take a look at some of the biggest movers in the premarket:Spirit Airlines (SAVE) – Spirit jumped 6.1% in the premarket after JetBlue (JBLU) sweetened its bid for Spirit. JetBlue ...

Fed’s Mester says inflation hasn’t peaked and multiple half-point rate hikes are needed

Cleveland Federal Reserve President Loretta Mester said Friday that she doesn't see ample evidence that inflation has peaked and thus is on board with a series of aggressive interest rate ...

Payrolls rose 390,000 in May, better than expected as companies keep hiring

The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a roaring pace of inflation, the Bureau of Labor Statistics reported ...

Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes

Federal Reserve Vice Chair Lael Brainard said Thursday that it's unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.Though she stressed that Fed ...

Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says

Private sector employment rose by just 128,000 for the month, falling well short of the 299,000 Dow Jones estimate ...

Fed report sees ‘slight or modest’ economic growth as inflation surges

Most of the U.S. has been seeing just "slight or modest" economic growth over the past two months or so, according to a Federal Reserve report released Wednesday.While all 12 ...

Job openings show sharp decline, but still vastly outnumber available workers

A man walking a dog passes by a help wanted sign advertised along East Main Street in East Islip, New York on February 17, 2022.Newsday LLC | Newsday | Getty ...

The Fed’s Mary Daly says rate hikes should continue until inflation is tamed

San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level.Those moves likely would entail multiple 50 basis ...

Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’

Treasury Secretary Janet Yellen emphasized that the White House has several strategies that will reduce inflation she conceded is too high for Americans ...

Stocks making the biggest moves midday: Ulta Beauty, Big Lots, Autodesk, Workday and more

Ulta Beauty store.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading Friday.Ulta Beauty — The beauty retailer surged 12.5% following better-than-expected quarterly earnings and revenue. Ulta Beauty ...