Finance

Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly, citing big tailwinds supporting inflation

Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. “If I’m them, I don’t want to cut too quickly,” Griffin said at the International Futures Industry conference in…

Finance

Stocks making the biggest moves midday: Southwest, Oracle, 3M, New York Community Bancorp and more

Check out the companies making the biggest moves midday: Southwest Airlines — Shares plummeted nearly 14% after the airline announced it was “reevaluating all prior full year 2024 guidance, including the expectation for capital spending,” citing delivery delays from Boeing. Southwest stated that its first-quarter leisure bookings were weaker than expected. The airline also forecast…