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News Highlights: Top Financial Services News of the Day - Wednesday at 11 AM ET
The former head of thematic strategy for BlackRock's global allocation team will join Citi's wealth business as chief ...
Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.
The 12-month core rate moved up to 2.8% from 2.7% to mark the first increase since June. The Fed views the core rate as a ...
Bitcoin on track for best November since 2020 - should you invest in it and how much?
Bitcoin (BTCUSD) is up 30% so far this month, on track for its best November since 2020, when it closed the month 40.9% up, ...
Wall Street sees 'no alternative' to U.S. stocks in 2025. Here's why.
Large-capitalization U.S. stocks have outperformed virtually all comers over the past 15 years. According to some of the ...
Treasury yields trim declines after PCE inflation reading edges up from Fed's target
Treasury yields were trimming earlier declines on Wednesday as traders digested a barrage of pre-Thanksgiving economic data, ...
Consumer spending climbs ahead of holidays. Households far from tapped out.
Looking ahead: "Consumer spending remained steady while incomes had a healthy gain," said corporate economist Robert Frick of ...
Pending home sales inch up for the third month in a row: 'Home-buying momentum is building'
The numbers: Pending home sales rose for the third month in a row, as more buyers returned to the housing market. Contract ...
'I've nothing saved for retirement': I'm 50 and earn $45,000. I don't have a 401(k) match. Should I put 10% of my salary in a Roth IRA instead?
Given your salary of $45,000 and the fact that you do not have an employer match, you are probably better off taking ...
IMAX's stock is up more than 70% this year. Here's why an analyst sees more room to run.
IMAX Corp.'s shares have climbed 71.2% in 2024, and analyst firm Wedbush sees more upside ahead for the high-end ...
October PCE Report: PCE Inflation Index Up 2.3%, In Line With Expectations
The PCE Price Index year over year rose 2.3% in October, in line with forecasts and following an increase of 2.1% in ...
This $22 billion robotics company's stock is tumbling as accounting errors found
The "rapidly growing" robotics company (SYM), which had a market capitalization of $21.9 billion as of Tuesday's close, uses ...
U.S. Crude Oil Stockpiles Fall Amid Decline in Imports
U.S. crude oil production rose by 292,000 barrels a day to 13.5 million barrels a day, recovering after falling the previous two weeks due to a hurricane in the Gulf of Mexico. Crude imports were down ...