Powell: ‘Soft’ economic landing may be out of Fed’s control
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the…
May 12, 2022
World Shares Sink As Inflation, Economic Fears Persist
By Elizabeth Dilts Marshall NEW YORK (Reuters) – World equities fell on Thursday to an 18-month-low, with markets dogged by…
Crypto Exchange FTX CEO Reveals Stake In Trading App Robinhood
(Reuters) – Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in Robinhood Markets…
Wall Street Whipsaws, S&P Closes Lower On Worries Of Prolonged Inflation
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled…
Financial Giants Tiptoe Into TikTok
By Chris Taylor NEW YORK (Reuters) – As TikTok accounts focused on money gain huge followings, stodgy financial firms are…
U.S. Senate Confirms Powell For Second Term As Fed Chief In Bipartisan Vote
By David Morgan and Ann Saphir WASHINGTON (Reuters) -The U.S. Senate on Thursday confirmed Jerome Powell to a second four-year…
California lawmakers raise awards for malpractice lawsuits
SACRAMENTO, Calif. (AP) — The California Legislature on Thursday agreed to increase how much money people can win in medical…
GE Sees Improvement In Company Businesses In H2
By Rajesh Kumar Singh CHICAGO (Reuters) -General Electric Co on Thursday said it expects an improvement across its businesses in…
Senate confirms Powell for 2nd term as Fed fights inflation
WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving…
Bank Of Canada Says Rates Are Too Stimulative, Downplays 75 Bps Hike
By Julie Gordon and David Ljunggren OTTAWA (Reuters) -The Bank of Canada’s policy rate, at 1%, is “too stimulative” given…