News

Traders see the odds of a Fed rate cut by September at 100%

The probabilities are based on trading in CME Fed Funds futures contracts.

Small caps are the hottest trade going in the stock market right now and they're up again Tuesday

Small-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.

Many Americans think they’re insulated from climate change. Their finances indicate otherwise

Most Americans believe global warming won't impact them much. But it's already having a negative effect on household finances.

Microsoft's hiring of staff from AI startup Inflection referred for UK merger probe

Microsoft's hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.

Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury

A U.K. judge on Tuesday referred a case against Australian entrepreneur Craig Wright's claim to be the inventor of bitcoin to the Crown Prosecution Service.

Morgan Stanley beats estimates on better-than-expected trading and investment banking

Morgan Stanley is likely to benefit from its Wall Street-centric business model.

Bank of America is about to report earnings — here’s what Wall Street expects

CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter.

Deutsche Bank criticized by German regulator for financial reporting error

Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday.

Dimon and other Wall Street CEOs react to Trump assassination attempt: 'Deeply saddened' by violence

The shooting on Saturday shocked a nation gearing up for a contentious November election.

Goldman Sachs is set to report second-quarter earnings — here’s what Wall Street expects

Expectations have been set high for Goldman Sachs, with Wall Street businesses in the midst of a rebound after a dismal 2023.

China reports second-quarter GDP growth of 4.7%, missing expectations

The National Bureau of Statistics did not hold a press conference for the data release. China's high-level policy meeting, the Third Plenum, kicks off Monday.

Here's the deflation breakdown for June 2024 — in one chart

Prices have fallen for physical goods, gasoline, airfare and some grocery items like apples since June 2023, according to the consumer price index.
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