DoubleLine Capital CEO Jeffrey Gundlach said Wednesday that the Federal Reserve could tip the economy into a recession if the central bank follows through on its rate-hiking path this year. “I think that if the Fed follows the path that they’re talking about, … they are going to break something,” Gundlach said on CNBC’s ”…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Federal Reserve’s previous policymaking meeting in May. Text removed from the May 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…
WASHINGTON, DC – MAY 03: Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high.…
Toyota cars are displayed on the sales lot at Toyota of Marin on May 11, 2022 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves in premarket trading: Toyota — The Japan-based automaker’s shares jumped about 5% after shareholders re-elected chairman Akio Toyoda…
Market Movers rounded up the best reactions from investors and analysts on Oracle . The experts, including Jim Cramer , discussed the tech name after the stock hit a new all-time high during Tuesday’s session. Oracle posted earnings beats in its fiscal fourth-quarter financial results Monday. The company’s top source of revenue came from cloud…
A JD.com truck receiving incoming goods and preparing shipments at the Northeast China-based Gu’an warehouse and distribution facility in Gu’an, Сhina. XiXinXing | iStock Editorial | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of the biotech stock dipped 3% after Biogen revamped its board of directors. Three current…
A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Check out the companies making headlines before the bell: Oracle — Shares jumped more than 5% after Oracle announced a beat on top and bottom lines for the fiscal fourth quarter. Meanwhile, CEO Safra…
Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts discussed the electric vehicle maker’s 12-day winning streak — its longest ever. The stock kicked off its historic run on May 25. On that day, Tesla announced a new deal to allow Ford EV owners access to more than…
The Carnival Miracle cruise ship operated by Carnival Cruise Lines sits docked at Pier 27 on September 30, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: Carnival — The stock rallied 13% after it was upgraded by JPMorgan to overweight from neutral and by…
Andreessen Horowitz partner Marc Andreessen. Justin Sullivan | Getty Images LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday. Andreessen Horowitz, a Silicon Valley venture capital firm that has backed leading tech companies from Airbnb to Coinbase, said it was looking to take…
