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Fed Chair Powell to deliver key speech Thursday: Here's what to expect

Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address Thursday.

Fed's Waller says officials can 'wait, watch and see' before acting on interest rates

Federal Reserve Governor Christopher Waller on Wednesday indicated the central bank can afford to hold off on interest rate increases.

Morgan Stanley tops profit estimates on better-than-expected trading results

Morgan Stanley has managed to avoid the turbulence afflicting some of its rivals.

Adidas shares climb after boost from Yeezy sales, guidance raise

Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.

'Phantom hacker' scams that target seniors' savings are on the rise, FBI says

"Phantom hacker" scams are an evolution of tech support scams. Victims over 60 years old have accounted for 66% of total financial losses in 2023, the FBI said.

Bank of America is set to report third-quarter earnings — here's what the Street expects

Bank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.

Top economists unanimous on 'higher for longer' rates as inflation threats linger

Top economists and central bankers appear to be in agreement on one thing — and it's not a good thing for global markets.

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

While Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.

The UK Labour Party has a Biden-esque economic plan — but it's very different to Bidenomics

The U.K.'s main opposition Labour Party has set out an economic plan it hopes will propel it to power — and the transatlantic parallels were clear.

African ambassador criticizes IMF, World Bank for not giving enough loans

An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.

'Miracle drug' euphoria: Experts warn widespread use of weight loss medicine faces major hurdles

Two experts see major challenges facing the adoption of Novo Nordisk and Eli Lilly's obesity drugs.

Risk-taker’s market? Why it may be practical to take chips off the table

Two market experts tackle the appropriate appetite for risk during market ugliness.
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