John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters New York Fed President John Williams said he is content with the current position of monetary policy and interest rates but said the central bank should be prepared
Finance
Interest rates are on hold for now — Federal Reserve officials have indicated as much and the market believes it — but the state of affairs could be fleeting amid an ever-changing set of economic conditions. Pretty much everyone is convinced the Fed is finished for 2019, a year in which it cut its benchmark
Intelsat 35e Source: Intelsat Check out the companies making headlines after the bell: Shares of Intelsat SA slid nearly 2% during extended trading after the Federal Communications Commission announced it will publicly auction off a portion of its C-band spectrum wavelength in place of 5G wireless networks. Intelsat, along with three other satellite operators, provides
littlehenrabi | Getty Images Most Americans are open to ditching traditional banks for big tech, according to a new report. Sixty two percent of U.S. respondents in Bain’s annual retail banking report published Monday said they would buy a financial product from an established technology company. Among people ages 18 to 34 it was even
A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce
Bryn Mawr Trust’s Jeff Mills believes the S&P 500’s longest weekly win streak in two years is on the verge of ending. The firm’s chief investment officer is on sell-off watch because he’s worried market optimism is getting too robust. “It really has to do with number one sentiment,” Mills told CNBC’s “Trading Nation” on
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Let’s call them the undisrupted champions of Wall Street. A small group of enormous, elite consumer companies — once seen as vulnerable to onrushing digital disruption and shifting public tastes — have
Robert Iger, Chief Executive Officer of Disney, poses in “Star Wars: Galaxy’s Edge” during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019. Mario Anzuoni | Reuters Disney+ is here, ushering in the unofficial kickoff to “The Streaming Wars” — the slew of monthly subscription services that are flooding the market
Even though stocks are trading around all-time highs, CFRA’s Sam Stovall thinks Wall Street isn’t bullish enough. According to the firm’s chief investment strategist, an under-the-radar historical trend suggests the S&P 500 will continue to reach record levels through December. He credits a phenomenon that’s only happened 28 times since WWII. Stovall highlighted the pattern
A Woman jogs past the U.S. Capitol in Washington, October 24, 2019. Siphiwe Sibeko | Reuters Washington can feel pretty gridlocked these days, with the impeachment proceedings against President Trump dividing politicians by party lines. Still, both Republicans and Democrats have rallied around a number of bills that could deliver real changes to your personal