Economy
Here are the key things Fed Chairman Kevin Warsh said — and didn’t say — while Americans were sleeping Thursday night
Federal Reserve Chair Kevin Warsh spoke Thursday night during the IMF annual meeting in Bangkok alongside IMF Managing Director Kristalina Georgieva. He reaffirmed the...
Economy
Fed’s Warsh says AI path will be ‘very bumpy’ but ultimately ‘very good’ for wealth
Federal Reserve Chairman Kevin Warsh expressed optimism that artificial intelligence will make economies more productive and wealthier, while warning the path will be "very...
Economy
Retirees can take these steps to shore up income as yields rise and some dividend-paying sectors slip
The 10-year U.S. Treasury yield has topped 5.3%, its highest level in 24 years, causing price declines on bonds held by retirees. Over the...
Economy
Economists: Hot PPI shows Fed’s work is not done
The producer price index surged 1.3% monthly in September, more than double the 0.6% consensus and the biggest monthly gain since March 2022. Year-over-year,...
Economy
Treasury yields slide as investors flee to safety of bonds amid tech rout
U.S. Treasury yields fell sharply on Thursday, with the benchmark 10-year yield dropping more than 13 basis points to 5.056% and the 30-year yield...
Economy
ConnectOne Bank CEO: what Kevin Warsh’s ‘quieter Fed’ can teach CEOs about communicating uncertainty
Federal Reserve Chair Kevin Warsh has adopted a more cautious communication approach by moving away from detailed forecasts that markets have grown accustomed to....
Economy
U.S. Treasury dismisses IMF debt warning and ‘messy’ forecasting
David Zervos, counselor to the U.S. Treasury Secretary, criticized the IMF's debt warnings, pointing out that the Fund's forecasts have often proved inaccurate in...
Economy
Walmart is a buy as inflation attracts more customers, says Deutsche Bank
Deutsche Bank upgraded Walmart from hold to buy and raised its price target from $113 to $136, implying 17% upside from Wednesday's close. The...