Douglas McIntyre, Editor-in-Chief at Climate Crisis, reports that the Federal Reserve has exited a climate alliance following similar moves by major U.S. banks, including Goldman Sachs, Morgan Stanley,
Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing.
However, they flagged that US President-elect Donald Trump's proposed sweeping import tariffs on friends and foes alike could take a March cut "off the table", especially if the levies come sooner than anticipated or are higher than projected.
Fourth-quarter net profit of Taiwan Semiconductor jumps 57%, UnitedHealth falls after revenue misses estimates, and profits at Bank of America and Morgan Stanley beat analysts’ expectations.
Bank of America (NYSE: BAC) Chairman and CEO Brian Moynihan is confident that Q4 net interest income will reach $14.3B, compared with $14.1B in Q3, as the bank's loan growth outpaces the industry, deposits increase, and high-cost deposits run off.
The latest Consumer Price Index showed that housing inflation pressures continued to moderate in December in an encouraging sign for the Federal Reserve.
The delay also follows UK government pressure to ease regulatory burdens and stimulate economic growth. Prime Minister Sir Keir Starmer has previously promised to “rip up the bureaucracy that blocks investment”, while chancellor Rachel Reeves is currently urging regulators to support UK competitiveness.
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Stocks advanced, Treasury yields fell and crypto was volatile on Tuesday as market participants reacted to the slew of executive orders issued on the first day of Donald Trump’s second term as president.
G old prices are expected to climb in 2025 as President Donald Trump’s policies increase demand for the precious metal as a safe-haven asset. Analysts forecast that gold could r
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