What Wall Street Is Saying About the Fed Rate Decision
Wall Street was stumped by the Federal Reserve on Wednesday.
Bloomberg Business
Big Hedge Funds Face New 72-Hour Deadline to Report Losses
The US Securities and Exchange Commission wants to be let in on some of Wall Street’s most confidential information — and quickly.
Starbucks, Ford Spur Slowdown Fears With Refusal to Lift Profit Outlook
Starbucks Corp., Ford Motor Co. and the owner of Chili’s Grill & Bar easily surpassed Wall Street’s earnings estimates in their most recent quarter. But for investors, they’re stoking worries about a slowdown.
Mexican Peso Jumps to Strongest Since 2017 After Fed Decision
The Mexican peso rose to its strongest level in almost six years after the Federal Reserve raised interest rates and hinted at the end of its tightening cycle.
Milken Attendees Obesses Over Recession and What’s Next
At the Milken Institute Global Conference in Beverly Hills, the topic of a recession was on everyone’s lips. Is it here? Is it coming? How bad could it get?
Tesla Resumes Orders for Popular Model 3 Long Range With a 19% Price Cut
Tesla Inc. has resumed taking orders for its Model 3 Long Range edition with a starting price of $47,240, according to its website.
Fed Hikes Rates by Quarter Point, Powell Hints at Possible Pause
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount.
US Regional Banks ‘Need Consolidation,’ Canyon’s Lemkin Says
Recent banking failures shows how regulators are overwhelmed by too many institutions, causing them to overlook regional banks, Todd Lemkin, Canyon Partners’ chief investment officer said.
Oil Drops Below $69 as Weak Demand Data Add to Recession Worries
Oil fell for the third straight day as weak demand data from the US added to concerns that the global economy is heading toward recession.
Fed Can’t Protect US Economy From Debt Default, Powell Says
Federal Reserve Chair Jerome Powell said the failure to raise the US government debt limit would be unprecedented and have highly uncertain and negative effects on the economy.
