News

Here’s the inflation breakdown for October 2023 — in one chart

The consumer price index continued a steady decline in October on the back of lower gasoline prices.

Former St. Louis Fed president says the FOMC still has 'a ways to go' on inflation

Former St. Louis Fed President Jim Bullard says the Federal Reserve still has "a ways to go" in fighting inflation and that there is still a risk that prices pick up once again.

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.

Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation

GoCardless CEO Hiroki Takeuchi said that his firm was "very open minded" about the prospect of mergers and acquisitions.

New fund bets big on Eisenhower-era stocks

Roundhill Investments' new ETF is built on stocks that have been around for 50 years or more.

Ripple CEO says SEC has lost sight of mission to protect investors

Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.

Fed's Mary Daly says it's 'too early to declare victory' on inflation

Tighter policy is helping bring down inflation but not to where policymakers should feel too comfortable, the San Francisco Fed president said.

'T-bill and chill': Why Jack Bogle's strategy of 'lazy' investing is making a comeback

With the meme-stock rally in the review mirror, individual investors are rediscovering a philosophy made famous by Vanguard's founder, Jack Bogle.

Nvidia will reportedly sell new chips to China that still meet U.S. rules

U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions.

Chinese business database Qichacha passes Beijing's security test for resuming overseas operations

Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to resume overseas operations.

Startup Li Auto is beating Tesla China's EV sales

Chinese startup Li Auto sold more cars in October than Tesla's China business did in October, according to the China Passenger Car Association.

Powell says Fed is 'not confident' it has done enough to bring inflation down

Powell said in remarks for an International Monetary Fund audience that more work could be ahead in the battle against high prices.
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