Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
“The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully,” Powell said.
Watch Fed Chair Powell speak live to business leaders in the Dallas area
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.
Stocks making the biggest moves midday: Tapestry, Capri, Disney and more
These are the stocks posting the largest moves in midday trading.
Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation
In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.
Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and more
These are the stocks posting the largest moves in premarket trading.
It’s ‘liquidity, stupid’: VCs say tech investing is tough amid IPO lull and ‘nuts’ AI hype
Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite “nuts” funding rounds for AI firms like OpenAI.
Britain’s motor finance industry is in crisis – with banks bracing for billions in payouts
The crisis has prompted comparisons to Britain’s PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).
Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch
Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.
Stocks making the biggest moves after hours: Ibotta, Cisco Systems, CNH Industrial and more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Rivian, Cava, Rocket Lab, Amgen and more
These are the stocks posting the largest moves in midday trading.