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Breaking News: Markets

Barry Diller thinks companies will move to a standard of four days in office with Friday flexible

by Adrian Jhonsan
Barry Diller thinks companies will move to a standard of four days in office with Friday flexible

Barry Diller attends the “Liberty: Mother Of Exiles” World Premiere at NYIT Auditorium on Broadway on October 07, 2019 in New York City. Monica Schipper/Getty Images Companies may eventually transition …

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Crypto firm Ripple to launch U.S. dollar stablecoin

by Adrian Jhonsan
Crypto firm Ripple to launch U.S. dollar stablecoin

In 2020, the U.S. SEC accused Ripple and its co-founders of breaching securities laws by selling its native cryptocurrency XRP without first registering it with the SEC. Jakub Porzycki | …

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Volvo Cars up 6% on record monthly sales despite China EV slowdown

by Adrian Jhonsan
Volvo Cars up 6% on record monthly sales despite China EV slowdown

Volvo’s EX90 electric vehicle photographed in Sweden on Nov.9, 2022. Mikael Sjoberg | Bloomberg | Getty Images Sweden’s Volvo Cars on Thursday climbed to its highest level since November, after …

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The rally in oil cannot be ignored — here’s what it means for stock market investors

by Milton Acorn
The rally in oil cannot be ignored — here’s what it means for stock market investors

U.S. oil prices have climbed to their highest level since late October, as the rally in the key commodity becomes something equity investors cannot afford to look past. West Texas …

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Categories Science

Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter

by Adrian Jhonsan
Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter

Atlanta Federal Reserve President Raphael Bostic expressed concern Wednesday about the pace of inflation and indicated he doesn’t think interest rate cuts should come until much later in the year. …

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Steve Cohen says the Fed may have a hard time getting inflation down to its goal

by Adrian Jhonsan
Steve Cohen says the Fed may have a hard time getting inflation down to its goal

Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s …

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Trump Media is the most expensive U.S. stock to short — by far

by Adrian Jhonsan
Trump Media is the most expensive U.S. stock to short — by far

You need a lot of cash — and guts — to short Trump Media stock right now. Trump Media, which began being publicly traded last week, is now far and …

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Steve Cohen says his firm can already save $25 million by using AI

by Adrian Jhonsan
Steve Cohen says his firm can already save  million by using AI

Steve Cohen at Point 72 Asset Management. Adam Jeffery | CNBC You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on …

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Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates

by Adrian Jhonsan
Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio of central bank decisions this week …

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U.S. Treasury yields in focus as investors track economic data

by Adrian Jhonsan
U.S. Treasury yields in focus as investors track economic data

The 10-year Treasury yield was near flat after briefly reaching a new high for the year on Wednesday. The benchmark rate slipped less than 1 basis point to 4.363%. At …

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