Wall Street is starting to throw in the towel on another rate cut this year
The Fed's interest-rate-cutting cycle is likely over after the December jobs report, BofA says.
The Fed's interest-rate-cutting cycle is likely over after the December jobs report, BofA says.
Bank of America is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.
Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.
Wall Street firms including Blackstone, Apollo Capital Management and Carlyle have agreed to pay more than $63 million for violating U.S. Securities and Exchange Commission rules over record-keeping, the regulator said on Monday. The investment advisers and broker-dealers also admitted they violated rules in connection with employees' use of off-channel communications platforms such as WhatsApp, the SEC said in a statement. The funds are the latest of dozens of Wall Street firms that have paid stiff penalties over the last few years to settle related charges.
U.S. stock indexes were mixed, with the Nasdaq under pressure again as investors keep trimming forecasts for rate cuts. Chips also dip on export curb.
Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.
Financial professionals are evaluating GLD's place in portfolios after the fund's solid 2024 performance.
T-Mobile US (TMUS) will buy digital-signage advertising marketplace Vistar Media for $600 million in
Edison International — the parent company of the utility Southern California Edison — has seen its stock remain under pressure as lawsuits begin over its potential role in the fires that have ravaged parts of Southern California.
(Bloomberg) -- Wall Street is forecasting even more gains in the dollar as a resilient US economy and dwindling expectations for interest-rate cuts coincide with incoming President Donald Trump’s vows for harsh tariffs.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionGoldman Sachs Group Inc., TD Securities and Deutsche Bank are among th