Articles

The Fed: Powell tells Congress to expect higher interest rates

Federal Reserve Chairman Jerome Powell will tell the U.S. House Financial Services Committee that almost all of his colleagues expect higher interest rates by the end of the year.

Metals Stocks: Gold prices retreat ahead of Powell testimony

Gold prices slipped further Wednesday as traders waited to hear from Federal Reserve Chairman Jerome Powell, who will present two days of semi-annual testimony to Congress after the central bank held its policy interest rate steady last week but signaled there may be two more rate rises this year to lower U.S. inflation further.

Outside the Box: Why are unsafe products still being used even after they’ve been recalled?

America's product-recall system is broken, exposing consumers to illnesses, injuries and death.

: Here’s some shocking news about the cost of retiree healthcare

Soaring inflation didn’t hit retiree healthcare in the way you might expect, for one main reason

Economic Report: Mortgage rates fall for third week in a row

Mortgage applications inched up 0.5% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.73%.

Bond Report: Bond yields steady before Powell speaks to Congress

Treasury yields were holding steady on Wednesday, as investors braced for Capitol Hill testimony from Federal Reserve Chairman Jerome Powell.

Need to Know: The AI boom will stay with the S&P 500, says one of most pessimistic Wall Street firms heading into 2023

Strategists at Societe Generale have bumped up their year-end S&P 500 target from 3,800 to 4,300

: A lawmaker lights up Twitter by saying she spent nearly $800 at Costco

Rep. Stefani Lord came out of a Costco with a big bill and wasn't too happy about it.

Encore: Labor’s Department’s rule for ESG investment hasn’t changed from Trump to Biden

ESG factors can be considered only to garner the highest risk-adjusted returns

Movers & Shakers: FedEx shares are falling, Nio’s are rising and other stocks on the move

One of Wednesday's biggest moving stocks ahead of the open was FedEx, which disappointed investors with its full-year profit forecast. Nio and Tesla were on the rise.

Brett Arends's ROI: Boomers ‘selling homes ahead of the recession’

Baby boomers are downsizing their home to reduce their costs in the face of a risky economy.

Market Snapshot: U.S. stock futures hold steady as investors focus on Powell testimony

Following a weak day for stocks, U.S. equity futures were holding mostly flat on Wednesday as key Capitol Hill testimony from Fed Chairman Jerome Powell awaits.
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