business news

Ray Dalio calls upcoming U.S. election the most consequential of his lifetime

Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the…

2 hours ago

Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’

Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference.Brendan McDermid…

2 hours ago

Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors

Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents…

3 hours ago

CNBC Daily Open: Markets seemed taken aback by the 50-point cut

Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee…

3 hours ago

Asia-Pacific markets open higher as investors digest outsized Fed rate cut

The Bank of Japan headquarters is seen in Tokyo on January 30, 2017. The Bank of Japan will pull the plug…

4 hours ago

Powell downplays impact of rate cut on Trump-Harris presidential race

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee…

9 hours ago

The Fed forecasts lowering rates by another half point before the year is out

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market…

9 hours ago

Here’s what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.Text removed…

10 hours ago

Harris-Trump election has Big Tech ‘at a crossroads’ after slump in dealmaking

The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. ReutersGoogle had been in…

10 hours ago

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid…

10 hours ago