Brazil Kicks Off Easing Cycle With Surprise Half-Point Interest Rate Cut
Brazil’s central bank lowered its benchmark interest rate by a larger-than-expected 50 basis points and said future cuts
2023-08-03 06:16
Home-Power Suppliers Face Slump Despite Grid Outages
Home solar and backup-power companies are facing a slump in US demand despite increased concerns about the reliability
2023-08-03 04:54
Litecoin’s Halvening Price Drop Is No Proxy for Bitcoin Next Year
Litecoin, the world’s 11th-biggest cryptocurrency, saw its price slide on Wednesday after it went through a so-called halvening,
2023-08-03 03:51
Wells Fargo to Tap Corporate Bond Market Despite US Credit Downgrade
A handful of borrowers, including Wells Fargo & Co., are selling fresh debt in the US investment-grade bond
2023-08-03 03:30
Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns
A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether
2023-08-03 03:24
Ether-Futures ETF Filings Return En Masse Amid Crypto Optimism
Exchange-traded fund issuers are once again venturing into crypto territory that regulators had recently steered them away from.
2023-08-03 02:47
US Companies Added 324,000 Jobs in July, ADP Says
US companies added more jobs in July than expected, highlighting the persistent strength of the labor market. Private
2023-08-02 20:54
CVS Beats Quarterly Profit, Sales Estimates Amid Cost Cuts
CVS Health Corp. beat estimates for second-quarter profit and sales, a sign of strength as the drugstore chain
2023-08-02 19:45
Carlyle Profit Slides 26% as New CEO Seeks Rebound
Carlyle Group Inc. reported a decline in second-quarter profit, underscoring the challenge facing new Chief Executive Officer Harvey
2023-08-02 19:30
Treasuries Demand to Persist: What Analysts Say About US Credit Downgrade by Fitch
The downgrade of the US’s sovereign credit rating by Fitch sent global stock markets lower, interrupting a steady
2023-08-02 18:27
Treasuries Are Still In a Class of Their Own Despite Fitch Cut
The US sovereign rating may have slipped but Treasuries remain a buy. That’s the prognosis of strategists, who
2023-08-02 13:22
Summers, El-Erian Pile Criticism on Fitch Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:50