Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023. Kevin Lamarque | Reuters The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting. Text removed from the October-November meeting statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. Zoom…
Check out the companies making headlines in premarket trading. Tesla — Shares fell 1.2% after U.S. safety regulators said Tesla will recall more than 2 million vehicles to fix issues with its driver assistance system. The electric vehicle maker will send out a software update to fix the problem, which impacts models Y, S, 3…
Target is Goldman Sachs’ “best long idea” in the retail space for 2024, as the firm expects a deflationary environment to improve discretionary sales. According to analysts led by Kate McShane, several catalysts can boost Target in the next 12 months: Goldman’s constructive outlook on the health of the consumer based on continued labor market…
Check out the companies making headlines in midday trading. Oracle — The software provider tumbled 11% Tuesday, a day after reporting lower revenue than analysts expected for the fiscal second quarter . Oracle posted $12.49 billion in revenue, below the consensus estimate of $13.05 billion from analysts polled by LSEG, formerly known as Refinitiv. Lucid…
Anchiy | E+ | Getty Images While most Americans say couples should talk about money honestly before living together, Gen Z and millennials believe the conversation should happen way sooner. Nearly a third, 32%, of Gen Z adults and 40% of millennials say an honest conversation about your finances and long-term goals should happen before…
Check out the companies making big moves in premarket trading: Hasbro — The toymaker tumbled 5.5% after it said it was laying off about 1,100 workers . Hasbro’s soft sales are “likely to persist into 2024,” CEO Chris Cocks said in a company memo obtained by CNBC. Oracle — Shares dropped nearly 9% after the…
A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images British investment platforms Hargreaves Lansdown and AJ Bell saw their shares plunge on Tuesday after a U.K. regulator warned 42 firms that it may intervene on fees and interest charges. Hargreaves Lansdown shares were down more than 7% by late…
Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the country’s economic prospects grows. As of the end of November,…
Michael Milken attends Prostate Cancer Foundation’s Dinner At Daniel on November 19, 2019 at Daniel in New York City. Paul Bruinooge | Patrick McMullan | Getty Images Famed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide. In fact, the Milken Institute founder expects the…
