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The Fed: Fed’s Waller says economy may be slowing enough to tame inflation. Bowman still thinks higher interest rates are needed.

A pair of Federal Reserve governors said recent signs of a slowdown in the economy could help return inflation to the central bank's 2% target, but they appeared split on whether interest rates are high enough to do the job.

Economic Report: Consumer confidence rebounds from 15-month low, but recession worries persist

Consumer confidence rebounded in November from a 15-month low but worries about a recession persisted, a new survey showed.

: Private credit bubble could lead to next financial crash, UBS chairman says

UBS Chairman Colm Kelleher warned of growing risks in the private credit market

Market Extra: Investors beware: ‘Magnificent Seven’ are starting to resemble ‘Nifty 50’ stocks that got crushed in the 1970s market crash

What do the "Magnificent Seven" stocks of today and the "Nifty 50" names of the early 1970s have in common? More than you might expect, according to one Wall Street strategist.

: UBS chairman wants a ‘bloodless coup’ like Morgan Stanley’s when it’s time for Swiss bank’s new CEO

Colm Kelleher said he hopes for a transition similar to the one seen in Morgan Stanley

: BlackRock says relative valuations are shifting by the fastest in a generation. Here’s what the fund giant likes now.

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Economic Report: U.S. home prices climb for seven month in a row to a record high, Case-Shiller says

Home prices in the 20 biggest U.S. metros rose for the seventh month in a row and hit a record high, reflecting a persistent shortage of properties for sale.

: SpringWorks Therapeutics’ stock jumps after FDA approves first treatment for rare type of aggressive tumors

SpringWorks shares jumped early Tuesday after regulatory approval for tumor treatment

: Avidity’s stock rockets on Bristol Myers deal that could mean $2.2 billion in milestone payments

Avidity's stock soared 30.5% early Tuesday on news of an expanded collaboration with Bristol Myers.

Europe Markets: EasyJet and Rolls-Royce shares gain altitude as post-pandemic recoveries take flight

Shares of low-cost airline EasyJet and engine-maker Rolls-Royce were gaining altitude on Tuesday as the London-listed groups delivered updates confirming their continued emergence from pandemic-induced difficulties.

Key Words: Paris mayor leaves Elon Musk’s social-media service, calling it a ‘gigantic global sewer’

Anne Hidalgo, the mayor of Paris, is giving up her presence on X, the social media service that used to be called Twitter.

Earnings Results: PDD’s stock rockets as Temu parent crushes estimates, sees revenue nearly double

Shares of PDD were soaring 16% in premarket trading Tuesday after the Chinese e-commerce company blew past expectations for its latest quarter.
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