The Latest Breaking News from Jerome Powell

Steady moderation in inflation and the Fed’s downshift on tightening might help growth stocks to stage a recovery this year. Moreover, healthcare giant CVS Health (CVS) reported solid third-quarter results and raised its full-year guidance. With the potential of strong growth across its business segments, it could be wise to…

Stock futures edge higher as Treasury yields steady; Powell speech in focus as markets embrace higher Fed rates; Oak Street Health soars on new CVS takeover report; Bed Bath & Beyond plummets as retailer plans $1 billion capital raise and Boeing to cut 2,000 jobs as U.S. Corporate layoffs escalate.

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Türkiye. Brent crude futures rose 82 cents, or 1.01%, to $81.81 per barrel by 0300…

Dow Jones futures were lower ahead of Fed Chair Jerome Powell's key speech Tuesday. Pinterest plunged on earnings.

Investors’ sentiments improved in recent weeks amid the steady cooling of inflation, the Fed’s downshift on tightening, and easing recession fears. Additionally, a strong job report suggests economic resilience. Amid this, investors should invest in quality stocks Coca-Cola (KO) and Archer-Daniels-Midland (ADM), which possess solid long-term potential. Keep reading….

Despite the recent positive macro data, the recession possibility remains as the Federal Reserve is expected to keep hiking rates until its target is met. So, dividend-paying healthcare stocks Novartis (NVS) and Takeda Pharmaceutical (TAK) could be stable investment options to safeguard your portfolios. These stocks are trading under $100.…

Artificial intelligence stock C3.ai reeled in gains after being up over 6% in heavy volume earlier in the session.

Wall Street is re-thinking its Fed fight, and pricing in two more rate hikes following the latest blowout jobs report.

Stock futures lower as market re-set Fed rate bets; Week Ahead: Powell speech tops light earnings, data calendar; Tesla share edge higher following Model Y price hikes; Dell set to slash 6,600 jobs amid PC market slump and video games in focus with Activision, Take-Two earnings on deck.

On Wednesday, the Federal Reserve announced a 25-basis point rate hike, a smaller increase than what we grew accustomed to in 2022. Inflation appeared to be moving back into a controlled place. The S&P 500 (SPY) cheered and continued to rally, leading to one of the strongest starts to the…