The Fed: Fed’s Mester cool to talk of potential ‘pause’ in rate hikes
Cleveland Fed President Loretta Mester said Thursday that talk of a pause in interest rate hikes should wait until interest rates were high enough to slow economic growth.
: Want to buy Porsche stock in the U.S.? It’s complicated.
If you’re a U.S.-based investor interested in purchasing shares of the German automaker, the bad news is, there’s no offering on the New York Stock Exchange or the Nasdaq.
Crypto: California launches crackdown on crypto scams as scrutiny intensifies
California’s efforts come at a time when there’s a larger national effort to scrutinize and regulate the cryptocurrency market.
Wind turbine maker Siemens Gamesa to lay off 2,900 workers worldwide
Siemens Gamesa Renewable Energy SA said Thursday it will lay off 2,900 people as the wind turbine maker takes steps to return to a profit in 2024. The company currently lists 27,000 employees on its website. The staff reductions include 800 employees in Denmark, 300 in Germany, 474 in Spain and 50 in the U.K., […]
Biden, DeSantis speak on Thursday morning about response to Hurricane Ian
President Joe Biden and Republican Gov. Ron DeSantis of Florida spoke on Thursday morning about “steps the Biden-Harris Administration is taking to support Florida in response to Hurricane Ian, including the issuance of a Disaster Declaration this morning,” the White House said in a statement. Biden told DeSantis, who is seen as a potential 2024 […]
Dow falls 300 points as stocks open sharply lower to resume selloff after Wednesday bounce
Stocks opened lower on Thursday, giving back a chunk of the previous session’s bounce, as Treasurys saw a resumed selloff that pushed yields back up. Stocks rose sharply Wednesday, ending a six-day losing streak that had sent the Dow Jones Industrial Average and S&P 500 to their lowest closes since November 2020. The bounce came […]
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