Why Powell thinks the Fed can control inflation without a recession

Why Powell thinks the Fed can control inflation without a recession

Text size Federal President Jerome Powell is more optimistic about the economy than many others in the private sector. Anna Moneymaker/Getty Images Inflation remains more than double the Federal Reserve’s target, the financial sector is reeling from a trio of bank failures and calls from economists for an impending slowdown grow louder by the day. … Read more

Fed Rate Decision May 2023:

Federal Reserve raises rates by a quarter point

The Federal Reserve on Wednesday approved its 10th interest rate hike in just over a year and hinted that the current tightening cycle is coming to an end. In a unanimous decision widely expected by markets, the central bank’s Federal Open Market Committee raised its benchmark borrowing rate by 0.25 percentage points. The rate sets … Read more

Big tech stocks surged. Why the little ones didn’t.

Big tech stocks surged.  Why the little ones didn't.

Text size Meta, Facebook’s parent company, posted a better-than-expected quarterly profit. Josh Edelson/Getty Images One of the big stories in the markets this year has been the surge in tech stocks. This has mostly been true for the stocks of the biggest tech companies, not the smaller ones. Metaplatforms (symbol: META), Microsoft (MSFT), Alphabet (GOOGL), … Read more

Britain blocks Microsoft’s acquisition of Activision Blizzard

Microsoft President Brad Smith says it's a

A Call of Duty: Modern Warfare video game from Activision Blizzard is inserted into Microsoft’s Xbox One video game console installed in Denver, Colorado, Wednesday, January 19, 2022. Michel Ciaglo | Bloomberg | Getty Images LONDON – Britain’s main competition regulator decided on Wednesday to block Microsoftthe acquisition of a video game publisher by ActivisionBlizzard. … Read more

Veteran investor David Roche says a credit crunch is coming for ‘small town America’

Veteran investor David Roche sees another contraction in credit at the

A house in Lynch, Kentucky. Scott Olson | Getty Images The banking turmoil in March, which saw the collapse of several U.S. regional lenders, will lead to a credit crunch for “small town America”, according to veteran strategist David Roche. THE Silicon Valley Bank collapse And two other small U.S. lenders last month sparked contagion … Read more

Self-driving tech better for factories than cars

Baird's three favorite plays on the future of energy and mobility ahead of earnings season

BYD’s new luxury brand, Yangwang, is selling its first model, the U8, for more than one million yuan ($160,000). CNBC | Evelyn Cheng SHANGHAI – Fully autonomous driving is “fundamentally impossible” and the technology would be better applied to manufacturing, according to a Chinese battery and electric car company BYD. Many electric car and tech … Read more