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Industry · Finance
Finance news from Wall Street to the Federal Reserve — banks, interest rates, inflation, and the forces steering the economy.
Nvidia CEO Jensen Huang argued that because its hardware is broadly adopted, flexible and transferable, lenders can underwrite compute as revenue-generating.
Read article →Goldman Sachs' Ashok Varadhan pointed to three reasons for his constructive outlook.
Read article →Collateralized loan obligations may become the next big push in the exchange-traded fund industry.
Read article →Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.
Read article →A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.
Read article →Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
Read article →Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.
Read article →Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed's key overnight borrowing rate steady.
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