The Federal Reserve cut interest rates by a half point Wednesday afternoon. Here’s what CNBC is watching going into Thursday.
Kategorie-Archiv: CNBC Financial News
What buying Commerzbank would mean for UniCredit — and the banking sector
Analysts have welcomed the move by UniCredit, particularly because a tie-up between the two banks might spur more M&A activity in Europe’s banking sector.
Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
Speaking to CNBC’s „Squawk Box Asia“ on Thursday, the founder of Bridgewater Associates explained that what the U.S. needs is „broad-based prosperity.“
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC’s Lin Lin.
Ray Dalio says the Fed has a tough balancing act as the economy faces ‚enormous amount of debt‘
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy.
The Fed forecasts lowering rates by another half point before the year is out
The so-called dot plot indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year.
Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle
Olive Garden parent Darden Restaurants reported weaker-than-expected earnings and revenue for its fiscal first quarter.
Wednesday’s big stock stories: What’s likely to move the market in the next trading session
The S&P 500 and the 30-stock Dow touched fresh all-time highs before closing near the flatline on Tuesday. Here’s what CNBC is watching going into Wednesday.
Point72’s Steve Cohen is stepping back from trading his own book
The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72.
Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
Hedge fund managers sit on the boards of Bausch Health and Bausch + Lomb. They don’t think like your typical corporate board, writes Ken Squire of 13D Monitor.