Updated Nov. 14, 2023 6:21 pm ET Inflation’s broad slowdown extended through October, likely ending the Federal Reserve’s historic interest-rate increases and sparking big rallies on Wall Street. Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September, the Labor Department said Tuesday. Overall inflation … Read more
Updated Nov. 9, 2023 12:52 pm ET|WSJ Pro Celsius Network, the crypto platform that touted itself as safer than a bank, won court approval to end its bankruptcy case and release most of its remaining cryptocurrency back to hundreds of thousands of customers whose funds have been trapped since last year. The plan approved in … Read more
Jon Gray, the president of Blackstone Group, the world’s biggest alternative asset investment firm with $1tn under management, is watching for signs of an economic slowdown in the coming months. “So I think the Fed is going to slow the economy. And that’s really their objective, right?” Gray said in an interview with Private Equity News’ sister … Read more
Kyla Scanlon is hardly your typical markets commentator—but then again how many 16-year-old girls growing up in Louisville traded stock options on the weekend. “It was just something interesting to do. My parents were supportive,” she says. “My dad dabbled in it and so he was like, ‘this is a cool way for you to … Read more
Updated Oct. 26, 2023 5:00 pm ET U.S. economic growth surged this summer at the fastest pace since 2021, as consumers spent at a blockbuster rate that will be difficult to sustain. Gross domestic product expanded at a 4.9% seasonally- and inflation-adjusted annual rate in the third quarter—more than double the second quarter pace—the Commerce Department reported … Read more
SipSource Analysts: “Expect consumers to spend less or the same this holiday season, but typically trade up to more premium products” WSWA’s SipSource Announces New 2024 Forecasting Capabilities WASHINGTON, Oct. 19, 2023 /PRNewswire/ — Yesterday, WSWA’s SipSource hosted its annual Holiday Trends and Drinks Preview webinar with Analysts and industry veterans Danny Brager and Dale Stratton … Read more
Subtle reports the rapid global expansion of their AI software for faster medical imaging and better patient care MENLO PARK, Calif., Oct. 19, 2023 /PRNewswire/ — Subtle Medical, a leading provider of artificial intelligence (AI)-powered technology for faster medical imaging, announced its remarkable growth, having doubled its business both in the US and internationally in … Read more
Updated Oct. 19, 2023 4:22 pm ET Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on inflation continues. Powell’s remarks at a Thursday lunchtime address in New York closely tracked those of colleagues … Read more
Both interest rates and the stock market have risen handily in 2023, despite the former being a headwind to the latter. The question is how long it will be before one or the other blinks. Although the returns on cash and bonds can’t really compare to equities longer term, it’s easy to see why higher … Read more
Updated Oct. 15, 2023 12:04 am ET Economists are turning optimistic on the U.S. economy. They now think it will skirt a recession, the Federal Reserve is done raising interest rates and inflation will continue to ease. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the probability of … Read more