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Finance
Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams | Bloomberg | Getty ImagesLONDON — The Bank of England on Thursday…
Chinese EV maker Nio releases a smartphone it expects at least half of its users to buy
Chinese electric vehicle maker Nio launches a smartphone at an event in Shanghai on Sept. 21, 2023.Evelyn Cheng | CNBCSHANGHAI — Chinese electric car brand Nio on Thursday released…
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 on July 26.Text removed from the July…
Fed signals it will raise rates one more time this year before it ends hiking campaign
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26,…
Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than…
Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more
Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.Instacart — Instacart shares fell more than 5% one day after going public on the Nasdaq.…
Take the Fed forecast with a grain of salt. It has a terrible track record
The U.S. Federal Reserve Building in Washington, D.C.Win Mcnamee | ReutersToday, the Federal Reserve will publish its latest economic forecasts. There will be an intense focus on…
Apple and Goldman were planning stock-trading feature for iPhones until markets turned last year
Apple CEO Tim Cook holds a new iPhone 15 Pro during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Loren Elliott |…
Stocks making the biggest moves premarket: Pinterest, Instacart, Bausch Health and more
Pinterest app on a mobile phone.Andrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines before the bell.Dollar General — Dollar General shares fell 2%…
UK inflation dips to 6.7%, below expectations as food prices ease
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all…