Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more
Carl Eschenbach, co-CEO of Workday, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 18, 2024. Adam Galici | CNBC Workday shares soared 12% on Friday, one day after the finance and human resources software maker issued fiscal second-quarter results that exceeded analysts’ estimates and announced plans … Read more
US Federal Reserve Chairman Jerome Powell speaks at the Jackson Hole Symposium. The time has come for the monetary policy to adjust. The direction of travel is clear and the timing and pace of rate cuts will depend upon the evolving data, says US Federal Reserve Chairman Jerome Powell. US Federal Reserve Chairman Jerome Powell … Read more
US Federal Reserve Chairman Jerome Powell will on Friday address the Jackson Hole Symposium, a major economic conference, at 7:30 pm IST. All eyes are on any hints about how much additional interest rate cuts might be in the pipeline in the US. Jerome Powell’s Jackson Hole Speech: Timing & How to Watch The US … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more
Asian investors trod carefully on Tuesday after the latest bounce in optimism fueled by hopes Federal Reserve boss Jerome Powell will signal an interest rate cut in a highly anticipated speech to top central bankers this week. With recent data indicating the US economy remains in good shape as inflation slows and the labor market … Read more
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
Two top Federal Reserve officials signaled that the central bank may cut interest rates later this year as inflation has shown signs of easing — but warned not to expect a rate cut this month. John Williams, the president of the New York Fed, told The Wall Street Journal on Tuesday that the cooling labor … Read more
Federal Reserve Chair Jerome Powell on Monday said he was grateful the injuries that former President Donald Trump suffered during an assassination attempt over the weekend were not more serious and that the event marked a “sad day for our country.” “Political violence has no place in our society, and I condemn it in the … Read more
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to … Read more
