Articles

New St. Louis Fed president says first rate cut might not come for months — or even longer

St. Louis Federal Reserve Bank President Alberto Musalem, in his first speech in his new role on the economy, said it could take months or even longer for conditions to emerge that would warrant cutting interest rates.

Fed’s Kugler sees interest-rate cut this year and says economy is ‘moving in right direction’

Federal Reserve Gov. Adriana Kugler on Tuesday said “it will likely become appropriate” to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.

Fed’s Barkin: More data is needed before any changes are made to interest rates

Richmond Federal Reserve Bank President Tom Barkin on Tuesday described the outlook for the U.S. economy as uncertain and said the Fed should keep its benchmark rate steady until a clearer picture emerges of the path of inflation and the labor market.

HP Enterprise may be an underrated AI play, and new deal with Nvidia could help

Hewlett Packard Enterprise, which has seen its stock lag other rival hardware-AI plays, believes its expertise in working with big corporate customers will give it an edge.

Vanguard, the low-cost investing pioneer, will now charge $100 to close an account — unless you’re a multimillionaire

The account-closure fee is a first for Vanguard, long a provider of low-cost investing options and a pioneer in passively managed index funds, and it’s not sitting well with some customers.

Why Dell’s stock is clawing back after a post-earnings decline

Dell’s stock is continuing its ascent on Tuesday, though it remains about 15% off its all-time high achieved late last month ahead of earnings.

This hasn’t happened to restaurant spending since the pandemic

A sign of financial stress? Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic.

Juneteenth stock-market pause precedes potential end-of-week trading flurry. What investors need to know.

U.S. stocks are on a seemingly unstoppable record-setting rally, but investor excitement appears to be taking a backseat ahead of the Juneteenth observance on Wednesday.

Technology sector’s valuation hits highest since 2002, based on this popular metric

Technology stocks are giving off big dot-com era vibes, based on one popular valuation metric, but this doesn’t mean the sector is overdue for a decline.

Euro 2024 prize money: How much do the winners get?

Each team gets about $10 million for taking part in the European Championships — but none of that goes directly to the players.

Your family will love you even more if you simplify your estate

Have a clear road map for your estate so your heirs don’t drown in paperwork and probate after your death

JPMorgan’s increased tech spending will let it ‘develop products at speed’: analyst

Citi analyst Keith Horowitz looks at plans by bank to boost its annual tech spending to $17 billion.
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