Meta is winning over Wall Street while the rest of Big Tech struggles
Tech stocks are off to a tough start this year. Well, except for Meta.
Tech stocks are off to a tough start this year. Well, except for Meta.
The investment bank isn't the only Wall Street titan gobbling up crypto.
Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again given uncertainty around the path of inflation and the scope of possible changes to tariff and other policies coming from the Trump administration. "It's going to take a while to just figure out what is going on," Bostic said in a presentation to business executives in Atlanta as data showed inflation jumped in January and the administration was levying extensive new import taxes on basic metals and other goods.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its work. Speaking before a House panel as the Trump administration has been stripping government websites from various data sets, Powell he wasn't aware of losing anything the Fed needs, while saying he'd speak up if issues emerged. Powell was also asked about outside access to critical systems the Fed and the Treasury Department use to process government payments and Powell noted access to these tools is done "very carefully."
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
Super Micro Computer shares surged Wednesday after the company offered a strong sales outlook for 2026 on demand for AI servers and said it expects to submit its delayed regulatory filings in time to avoid delisting.
New and used car prices were mixed to start the year in January’s Consumer Price Index (CPI) reading, but used prices continued trending higher, with January’s jump the largest since May 2023.
With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how.
(Bloomberg) -- US inflation picked up broadly at the start of the year, further undercutting chances of multiple Federal Reserve interest-rate cuts this year at the same time the Trump administration presses forward with tariffs.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayThe Forgotten Frenc