Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street saw some …
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. Anna Moneymaker | Getty …
Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, DC. Powell testified on the Federal Reserve’s Semi-Annual Monetary Policy Report during …
Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near …
A collection of bitcoin, litecoin and ethereum tokens. Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies rose Wednesday as investors continued to grapple with the market’s summer doldrums and looked …
A ‘richcession’ may be underway “In most recessions, unemployment rises more for lower-income groups,” said Tomas Philipson, a professor of public policy studies at the University of Chicago and former …
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable. While noting that risks are …
Last week, mortgage rates saw a significant increase, surpassing 7%, as a result of a quarter-point rate hike from the Federal Reserve. This rate hike, which brings the benchmark borrowing …
Google, Microsoft and Facebook parent Metaannounced their quarterly results recently. And all of them are back in black, with the worst seem to be behind them. The shares of these …
Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index excluding food and energy …