Federal Reserve Chairman Jerome Powell arrives to testify during the House Financial Services Committee hearing titled “The Federal Reserve’s Semi-Annual Monetary Policy Report,” in Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Let it be known: The leader of the U.S. Federal Reserve, the most important central…
People walk by a Dollar Tree store in the Brooklyn borough of New York City, December 11, 2018. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Amazon — Shares of the online retail giant slumped 1.3% after the Federal Trade Commission said it was suing…
Voicemod has created 20 “AI humans,” digital personas that allow gamers to speak in voices other than their own. Voicemod An artificial intelligence firm in Spain has unveiled a number of “AI humans” that allow people to modify their voices in video games — in real time. Voicemod, which is based in Valencia, on Wednesday…
A Bitcoin ATM, the largest cryptocurrency by market cap that operates free of any central control and that relies on a peer-to-peer software and cryptography, on the BitBase stand during the Mobile World Congress 2023 on March 10, 2023, in Barcelona, Spain. Joan Cros | Nurphoto | Getty Images Bitcoin rose to its highest level…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to the House Financial Services Committee in the first of two days on Capitol Hill where he will be testifying on monetary policy.…
Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until…
A woman walks past FedEx Corp. Ground vehicle parked in the Midtown neighborhood of New York, U.S., on Friday, Dec. 4, 2015. John Taggart | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. FedEx — Shares slipped 2.9% after the shipping giant reported quarterly results. The company notched an earning…
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic…
Bank of America Securities’ Savita Subramanian is the most bullish on stocks in at least 10 years. According to the firm’s head of U.S. equity and quantitative strategy, the macro backdrop is reenergizing key groups that have been overshadowed by Big Tech gains and excitement surrounding artificial intelligence. “We’re at a place where old economy…
Market Movers rounded up the best reactions from investors and analysts on Apple . The experts talked about the iPhone maker as it approaches $3 trillion in market cap. Apple hit the level briefly in January 2022 and is still the only company to do so. In addition, Evercore ISI reiterated the tech name as…
