Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building on Thursday, March 7, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Federal Reserve members still see three interest rate cuts in 2024 despite an…

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January. Text removed from the January 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.…

Check out the companies making headlines in midday trading. Signet Jewelers — Shares tumbled 11% after the jeweler issued first-quarter revenue guidance that missed Wall Street estimates. The company said it expects revenue in the range of between $1.47 billion and $1.53 billion, whereas analysts polled by FactSet forecast $1.61 billion. Chipotle — Shares rose…

Check out the companies making headlines in premarket trading. Chipotle — Shares rose 6.6% in premarket trading after the fast-casual Mexican chain announced a 50-to-1 stock split. The change, which was shared with the public on Tuesday, is expected to go into effect in June if approved by shareholders in a vote scheduled for earlier…

Check out the companies making headlines in midday trading. Nvidia — Nvidia slumped more than 3% after the artificial intelligence chipmaker unveiled its widely anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to roll out the first iteration of the AI…

ADDIS ABABA, Ethiopia – Dec. 7, 2023: A branch of the Commercial Bank of Ethiopia in Addis Ababa. Bloomberg | Bloomberg | Getty Images Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million…

The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. “I’m in the camp that the Fed does not change policy in the summer of an election year,” the…

Check out the companies making headlines in midday trading. Nvidia — Shares climbed about 3% in light of the company’s GTC Conference . Investors see the event as a bellwether for artificial intelligence, as Nvidia is expected to unveil new products and updates. Zillow — Shares pulled back 3%, adding to Friday’s 13% pullback. The…

Check out the companies making headlines before the bell. Google — Alphabet Class A shares were trading 5.6% higher following a Bloomberg report that said Apple is in talks with Google to license and build its Gemini artificial intelligence engine into future iPhones. Super Micro Computer — Shares gained 2.5%. The technology firm, which makes…

Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We…