Cleveland Fed President Loretta Mester said she sees rates rising considerably higher before the central bank can ease off in its fight against inflation.
Schlagwort-Archiv: CNBC
Stocks making the biggest moves premarket: Designer Brands, Express, Chewy and more
These are the stocks posting the largest moves before the bell.
Baidu claims its robotaxis have grabbed 10% of the ride-hailing market in a suburb of Beijing
In less than two years, Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday.
China is set to convene a historic meeting on Oct. 16. Here’s what to expect
This year’s gathering takes on additional significance as it’s become a widely watched marker for when China may begin to ease its stringent zero-Covid policy.
Russia’s Gazprom rallies by over 20% after bumper profit and dividend announcement
Russian gas giant Gazprom posted a record first-half profit on Tuesday and promised new dividends to shareholders.
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.
Op-ed: Learn to tread water in these stormy markets. Where investors can turn in choppy times
It’s as if investors are being asked to remain afloat in violent seas for what seems like an eternity.
Worst is yet to come: Economist Stephen Roach says U.S. needs ‚miracle‘ to avoid recession
Stephen Roach, known for serving as Morgan Stanley Asia chair, warns the Fed’s aggressive tightening policies haven’t kicked in yet.
Stocks making the biggest moves premarket: Best Buy, First Solar, Twitter and more
These are the stocks posting the largest moves before the bell.
Fed rate hikes won’t bring down inflation as long as government spending stays high, paper says
A paper released at the same Jackson Hole, Wyoming, summit where Fed Chair Powell spoke suggests that the central bank can’t do the job itself.