News

Fed's Goolsbee says he was 'confused' by last week's market reaction

The President of the Federal Reserve Bank of Chicago said the market may have read too much into last week's central bank update.

SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million

Improbable has sold The Multiplayer Group, a multiplayer games services company it bought in 2019, to Keywords Studios for £76.5 million ($97.1 million).

The best — and worst — countries to retire in Europe

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances.

Fed sparks irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

Sheila Bair, known for leading the FDIC during the 2008 financial crisis, warns that the inflation fight is far from over.

This ETF offering could become next year's hot product

"We are absolutely going to see more of these options-based products come to market. We see it in our own book," BNY Mellon's Ben Slavin said.

Citigroup employees, on edge over layoffs, told they can work remotely until the new year

Citigroup employees worried about CEO Jane Fraser's sweeping overhaul expressed concern over whether their jobs will exist in the new year.

Expecting a package this holiday? If so, don't fall victim to delivery scams

The Federal Trade Commission warned of criminals sending fake shipping notifications to try stealing money and sensitive personal information.

Fed’s John Williams says the central bank isn't 'really talking about rate cuts right now'

New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank.

401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here's why

Rising access to 401(k) plans has created more small accounts among young savers, say researchers.

Friday's S&P 500 and Nasdaq-100 rebalance to reflect concerns over concentration risk

Five companies (Apple, Microsoft, Amazon, Nvidia, and Alphabet) make up about 25% of the S&P 500. Six make up about 40% of the Nasdaq-100. 

Watch: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

Bank of England leaves policy unchanged, says rates to stay high for 'extended period'

The Bank of England kept its main interest rate unchanged at 5.25% and said monetary policy may "need to be restrictive for an extended period of time."
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