By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve needs to begin raising interest rates but it is too soon to say how far or fast that process will need to go to bring inflation under control, Richmond Federal...
READ MORE
Meta slide drives ‘insane’ options volume as some bet on bounce
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A plunge in the shares of Facebook owner Meta Platforms Inc fueled a surge of options trading on Thursday, with some investors positioning for a quick rebound in the company’s stock....
READ MORE
Biden’s Fed nominees back U.S. inflation fight
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The Federal Reserve’s inflation fight should be its top priority, President Joe Biden’s nominees to the central bank’s Board of Governors told lawmakers on Thursday,...
READ MORE
Stellantis, unions agree on over 700 voluntary redundancies this year -UILM
MILAN (Reuters) – Stellantis and unions have agreed to cut 714 jobs at the carmaker’s operations in Italy this year through voluntary redundancies, the UILM union said on Thursday. The deal is similar to one reached by the...
READ MORE
As Meta plunge slams Wall Street, retail investors ‘buy the dip’
By Noel Randewich (Reuters) – Retail investors appeared to be enthusiastically buying the dip in Wall Street’s biggest growth companies on Thursday as the U.S. stock market plunged following Facebook owner Meta Platforms...
READ MORE
Biden nominee Raskin vows Fed will monitor climate risk, not dictate lending
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks need strict oversight, but that...
READ MORE