US stocks pared gains on Wednesday after minutes of the Federal Reserve’s latest meeting showed officials wanted to see more evidence of cooling inflation and support for a rate hike in 2023. Wall Street’s benchmark S&P 500 index gained 0.8…
Blackstone Vice Chairman Byron Wien predicts that financial markets will come to a halt in mid-2023, followed by a drastic rebound as the Federal Reserve’s fight against inflation will only lead to a mild recession. Wall Street veterans released their…
The New York Department of Financial Services on Wednesday announced a $100 million settlement with Coinbase over failures in its compliance program, which regulators said made the crypto exchange vulnerable to criminal activity ranging from money laundering to drug trafficking.…
Kevin McCarthy is certain to lose in the fourth round of voting to become Speaker of the House, after an eleventh-hour intervention by Donald Trump failed to end the impasse. At least 11 Republicans voted against McCarthy in the fourth…
The new year should bring a boost to clean energy stocks, according to Raymond James. Despite strong fundamentals, the sector faces a bleak 2022 – the worst since the global financial crisis, analyst Pavel Molchanov said in a note on…
A large plume of toxic chemicals produced by plants that produce firefighting foam has seeped through the ground to Lake Michigan’s Green Bay, scientists said Tuesday. The chemicals belong to a family of compounds known as PFAS, or per- and…
Egypt’s pound fell on Wednesday to a record low, the latest sign of the country’s foreign currency crisis two months after Cairo agreed to a $3bn bailout loan from the IMF. The currency fell 6 percent to 26.4 to the…
Is October below or not? As he often does, Josh Brown documents the main debate among the stock cognoscenti. “You can divide everyone on Wall Street right now into one of two camps. Do we cut the October rate or…
The Food and Drug Administration on Tuesday finalized a rule change that expands the availability of abortion pills to more pharmacies, including large chains and mail-order companies. The Biden administration partially implemented the change last year, announcing it would not…
It is now October 2023 and the Conservatives are entering the Manchester conference center for their leadership speech. In the middle of the triumphal music, the prime minister approached the podium, admired his long hair, gave a sly smile and…