A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities. So far over 15% of companies in the S&P
Finance
Gold has been on fire this year and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market. The metal is trading above $1,400 per ounce for the first time since 2013 and is up more than 12% year to
Congress is going crypto. Lawmakers from the U.S. Senate and House of Representatives heard testimony this week regarding Facebook’s Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin. In the hourslong confabs, Congress heard testimony from Calibra chief David
Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston at the Brookings Institution in Washington, D.C., on Jan. 8, 2018. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s constant berating of the Federal Reserve and its actions does not influence the central bank’s decisions on monetary policy, Boston
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up.
Traders work on the floor of the New York Stock Exchange (NYSE) the morning after Donald Trump won a major upset in the presidential election on November 9, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines midday: Microsoft — Microsoft rose 1.7% and
European stocks are set to open higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen 31 points higher at 7,524, Germany’s DAX up by 75 points at 12,310, and France’s CAC climbing 31 points
John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019. Lucas Jackson | Reuters When New York Federal Reserve President John Williams said central bankers need to “act quickly” as economic growth slows, a spokesperson said he was drawing from
Central bankers need to act quickly and forcefully when rates are low and economic growth is slowing, New York Federal Reserve President John Williams said Thursday. The influential policymaker delivered a speech discussing what should be done when central banks are near the “zero lower bound,” or close to as low as rates can go.
A trader works on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After a record 2018, buybacks so far in 2019 are strong but just below 2018’s record, according to a new report from J.P. Morgan. As buybacks hit records last year (about $800 billion) a predictable political backlash developed. Corporations