The sharp rise in US economic growth in the third quarter was a one-off entertainment-driven event that investors need to look past as output will slow and inflation ebb, putting a stop to the Federal Reserve’s rate hikes.
The Bank of England’s unwinding of its multi billion-pound bond portfolio is comparable to former Chancellor of the Exchequer Gordon Brown’s infamous decision to “sell gold at the bottom of the market” from 1999 to 2002, the asset manager Columbia Threadneedle said.
A flurry of hedge funds, direct lenders and others are expecting a revival of the $1.3 trillion collateralized loan obligation market — and they want to be ready to reap the benefits when it happens.
US inflation-adjusted household income fell in 2022 by the most in over a decade, highlighting the toll of a higher cost of living and the expiration of pandemic-era programs.
The US government has been looking at ways to offload nearly $13 billion of mortgage bonds it amassed from failed lenders Silicon Valley Bank and Signature Bank, according to people with knowledge of the transactions.
American Express Co. is planning to debut a new luxury lounge at Newark Liberty International Airport, part of the credit-card giant’s continued push into travel and entertainment services.
A panel of US regulatory advisers said phenylephrine, a main component of over-the-counter cold medicines including some versions of Procter & Gamble Co.’s Nyquil, doesn’t actually work.
Amazon.com Inc. has opened offices at the former Lord & Taylor building in midtown Manhattan, more than three years after purchasing the property.
Volatility picked up in digital-asset markets as traders evaluated the prospect of crypto disposals by the defunct FTX exchange through its bankruptcy process.
Speaker Kevin McCarthy must choose in the coming weeks how far to go to satisfy Republican hardliners, a dilemma that will impact a potential impeachment effort against President Joe Biden, the supply lines of the Ukrainian counteroffensive and more than 4 million federal workers.
