The Federal Reserve laid the groundwork for interest rate hikes Wednesday. At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year’s bond buying after a variety of inflation reports reached their highest levels in decades. Although interest rates will stay near zero for now, Fed officials set the stage
0 Comments
The Good Brigade | DigitalVision | Getty Images Diversity among financial planners improved in 2021 though the industry remains one that leans heavily toward white men, according to statistics issued Wednesday by the Certified Financial Planner Board of Standards. The group, which issues the certified financial planner designation, saw a pronounced uptick in female, Black
0 Comments
In this article TSLA Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla reports fourth-quarter results for 2021 on Wednesday after the bell. Here’s what Wall Street analysts expect: Earnings (adjusted): $2.36 per share
0 Comments
Farmer Oluranti Adeboye, 62, harvests cocoa at Sofolu village in Ogun State, southwestern Nigeria, on June 5, 2018. Pius Utomi Ekpei | AFP | Getty Images The cocoa industry faces urgent challenges. Its long-term sustainability is threatened by numerous factors, including, intolerably, the risk of child labor on cocoa farms. This problem won’t be solved
0 Comments
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Dec. 15. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both
0 Comments
Dr. Rochelle Walensky, director of Centers for Disease Control and Prevention attends a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the coronavirus disease (COVID-19) and new emerging variants at Capitol Hill in Washington, D.C., U.S. January 11, 2022. Greg Nash | Reuters CDC Director Dr. Rochelle Walensky on
0 Comments
John Deere boasted record profits in 2021 and finally struck a deal with striking union workers. But now it has a bigger problem: farmers are revolting against restrictions on how they repair complex equipment. #Technology #TheBreakdown #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Subscribe to Quicktake Explained:
0 Comments
Buyers should cool off on cryptocurrency concerns and make some long-term investments instead, SkyBridge Capital’s Anthony Scaramucci told CNBC on Tuesday. Some people think bitcoin is “rat poison,” as billionaire investor Warren Buffett once described it; others think it’s the worst thing to ever happen to civilization, Scaramucci said in a “Squawk Box” interview. “Everyone
0 Comments
Justice Ruth Ginsburg Joanne Rathe | The Boston Globe | Getty Images More than 1,000 books from late Supreme Court Justice Ruth Bader Ginsburg’s personal library are up for auction — and things are getting expensive. Bidders are spending thousands of dollars on individual items, including dense law-school textbooks marked up with Ginsburg’s own annotations,
0 Comments
In this article MSFT Microsoft reported better-than-expected earnings and revenue for the fiscal second quarter. The stock dropped in extended trading. Here’s how the company did: Earnings: $2.48 per share, adjusted, vs. $2.31 per share as expected by analysts, according to Refinitiv. Revenue: $51.73 billion, vs. $50.88 billion as expected by analysts, according to Refinitiv.
0 Comments
Investors looking to buy in the current stormy stock market should consider prominent U.S. firms that make money, CNBC’s Jim Cramer said Tuesday. “There’s a lot of stocks that I like. I like the classic, great American companies. I think that they’re terrific,” Cramer said, citing names including Raytheon and Johnson & Johnson, whose stock
0 Comments
Thinking of borrowing for college? Don’t do it: It’s far too risky, far too expensive and, in many cases, a waste of money. These are strong, unexpected words coming from a college professor and economist. To be clear, I’m not saying anyone should give up on getting a college degree. But there is a much
0 Comments
SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images Securities and Exchange Commission chairman Gary Gensler is eyeing tougher cybersecurity rules to protect investors against financial loss and theft of personal data by hackers, he said in a speech Monday.
0 Comments