The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday. Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector.
Logistics firm Freight Essentials filed a federal lawsuit against WWEX Group and its affiliates, alleging that the company is engaging in fraudulent business practices with hidden fees. The post Freight Essentials takes aim at WWEX Group in federal lawsuit appeared first on FreightWaves.
The hedge fund founder said that gold and bitcoin are more favorable investments than bonds.
Indexes dropped after wholesale inflation data. Adobe's sharp decline after earnings weighed on the Nasdaq, while Nvidia and Tesla shares also ended lower.
Argentina's economy is expected to have contracted 2.6% in the third quarter of 2024 versus a year earlier, the sixth straight such decline, but expanded against the quarter before, breaking a technical recession going back to the end of last year. A Reuters poll on Thursday, involving 13 local and foreign analysts, gave the year-on-year contraction of gross domestic product (GDP), which follows a 1.7% contraction in the second quarter and a steep 5.1% drop in the first quarter. Economic activity, an early barometer of growth, slid 3.3% year-on-year in September, 3.7% in August and 1% in July, data from the INDEC statistics agency show, as industry slowed amid a harsh austerity drive by libertarian President Javier Milei.
(Bloomberg) -- Oil snapped a three-day rally to settle near $70 a barrel with expectations for a supply glut in 2025 countering geopolitical risks. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe International Energy Agency on Thursday reiterated its calls for a large supply surplus nex
A Wall Street veteran resets his Microsoft forecast.
Broadcom shares surged in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued a rosy outlook amid robust AI sales growth. Monitor these important price levels.
And will this drive crypto start-ups to alternative jurisdictions?
(Bloomberg) -- Imperial Oil Ltd., the Canadian oil sands unit of Exxon Mobil Corp., is calling for more government funding for the nation’s industry, which is embarking on a C$16 billion ($11 billion) endeavor to deploy carbon capture and storage technology and slash emissions by 2030. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing
