While the company has a CEO succession plan in place, Moynihan has said publicly that he hopes to continue running Bank of America for years to come.
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Watch Fed Chair Powell deliver his key Jackson Hole economic speech live
Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank’s Jackson Hole symposium.
Stocks making the biggest moves premarket: Big Lots, Hibbett Sports, Peloton, Gap and others
These are the stocks posting the largest moves before the bell.
China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data
Chinese regulators are eyeing new rules that would restrict domestic internet companies to go public in the U.S., the Wall Street Journal reported on Friday.
Fed is stoking another real estate price bubble that will wipe out home equity, investor Peter Boockvar warns
Bleakley Advisory Group’s Peter Boockvar, who’s critical of Federal Reserve policy, sees a troubling inflation trend affecting home prices and rents.
Stocks open slightly higher ahead of Fed Chair Powell’s speech
The three major U.S. indexes closed Thursday’s regular trading session lower with the S&P 500 and the Nasdaq Composite snapping five-day win streaks.
Peloton shares fall after cycle maker posts disappointing earnings and outlook, cuts Bike price
Peloton reported Thursday that revenue growth in its fiscal fourth quarter tapered off dramatically from the prior quarter.
ForexLive European FX news wrap: Slow and steady ahead of Powell’s Jackson Hole speech
Forex news from the European trading session – 27 August 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities mixed; S&P 500 futures up 0.3%
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities mixed; S&P 500 futures up 0.3%
FX option expiries for 27 August 10am New York cut
A look at what is on the board for today
Just a couple of big ones for EUR/USD today, as highlighted in .
bold
That said, price action remains more muted ahead of Jackson Hole, holding above key near-term levels at 1.1750 while below 1.1800. That is likely to see the current range hold out before the expiries
Just a couple of big ones for EUR/USD today, as highlighted in .
bold
That said, price action remains more muted ahead of Jackson Hole, holding above key near-term levels at 1.1750 while below 1.1800. That is likely to see the current range hold out before the expiries
Fed’s Bostic says it would be reasonable to begin tapering in October
Remarks by Atlanta Fed president, Raphael Bostic
– Reasonable to trim bond purchases in October if US job gains stay strong
– Thinks „substantial progress“ benchmark to start tapering would be met if August job gains match those in June, July
This adds to the chorus of hawkish remarks by Fed policymakers yesterday .
– Reasonable to trim bond purchases in October if US job gains stay strong
– Thinks „substantial progress“ benchmark to start tapering would be met if August job gains match those in June, July
This adds to the chorus of hawkish remarks by Fed policymakers yesterday .