Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.
Kategorie-Archiv: CNBC Financial News
This AI-powered financial advisor has quickly gained $20 billion in assets
The wealth management industry has long feared a future where human advisors are no longer necessary, and that possibility seems closer with generative AI.
Wayfair CEO likens home goods slowdown to 2008 financial crisis
Online home goods company Wayfair has seen sluggish demand against high interest rates, but repreive could come if the federal reserve cuts rates in September
Biogen beats expectations, hikes outlook as Alzheimer’s drug Leqembi and other new products gain traction
Uptake of Biogen’s breakthrough Alzheimer’s drug, Leqembi, appears to be picking up, with roughly $40 million in sales for the quarter.
Moderna stock falls more than 15% as it slashes guidance on low EU sales, tough U.S. vaccine market
Moderna now expects 2024 product revenue to come in between $3 billion and $3.5 billion, down from a previous guidance of $4 billion.
Barclays profit dips in the second quarter, beats estimates
The British lender is undergoing a major restructuring program in a bid to boost profits.
Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.
Here’s everything you need to know about the Fed decision coming Wednesday
This week’s Federal Reserve meeting might not have much bearing on the present but potentially it could have a lot to do with the future.
Boeing reports wider-than-expected loss, weaker revenue
Boeing reported a bigger loss than expected for the second quarter and lower revenue as both its commercial airplane and defense programs continued to struggle.
HSBC shares rise 3% after profit beat, $3 billion buyback announcement
HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment.