In One Chart: Fed’s tough task: History shows inflation takes average of 10 years to return to 2%
Mario Tama/Getty ImagesAfter more than a year in which most professional forecasters and financial-market players regularly misjudged the persistency of inflation, they may now be...
BofA now sees fed-funds rate target ultimately reaching 4.75%-5% following Fed’s policy decision
BofA Securities revised its outlook for the fed-funds rate target and now sees it reaching 4.75% to 5% by March, economist Michael Gapen wrote in...
Dow drops over 500 points as stocks end sharply lower after Fed rate hike
Stocks took a sharp turn lower to end a choppy session Wednesday, sinking after the Federal Reserve delivered a widely expected 75 basis point rate...
Dow down 377 points as stocks swing back to downside after Fed hike
U.S. stocks remained lower in the final half-hour of trade Wednesday after sinking to new session lows. Major indexes saw big swings, giving up gains...
Accenture stock falls after profit and revenue beat expectations but outlook was downbeat
Shares of Accenture PLC dropped 0.9% toward an 18-month low in premarket trading Thursday, after the consulting company reported fiscal fourth-quarter profit and revenue that...
Pfizer to supply Global Fund up to 6 million courses of its COVID antiviral Paxlovid for low-and-middle-income countries
Pfizer Inc. said Thursday it has reached an agreement to supply up to six million treatment courses of its COVID antiviral Paxlovid to the Global...
Coronavirus tally: Global COVID case tally held steady in latest week while fatalities fell 17%, says WHO
The global tally of COVID cases held steady in the week through Sept. 18 compared with the previous week, while the number of fatalities fell...
Target to hire up to 100,000 seasonal workers for holiday season
Target Corp. said Thursday it's planning to hire up to 100,00 seasonal workers this holiday season with a new starting wage range of $15 to...
Steelcase plans job cuts on ‘lower-than-expected return-to-office trends’
Steelcase Inc. on Wednesday said it planned to cut up to 180 salaried positions in the third quarter, citing a "recent volume decline in our...