Economists at Barclays now expect Fed to surprise markets with 75-basis-point hike next week
Economists at Barclays said they now expect the central bank to deliver a 75-basis-point rate increase at the monetary-policy meeting on June 14-15. They said...
Garmin raises dividend to boost yield to nearly 3%
Garmin Ltd. said Friday that is shareholders have approved an annual dividend of $2.92 a share, up 9% from the previous dividend of $2.68 a...
SPAC Freestone Acquisition drops plan for an IPO a year after initial filing
Freestone Acquisition, a special purpose acquisition company (SPAC), has filed Friday to withdraw its registration for an initial public offering, about a year after initially...
Jefferies economists also call for 75 basis point Fed rate hike next week
Economists at Jefferies, like those at Barclays, now expect the Federal Reserve to hike by 75 basis points at the June 14-15 policy meeting "as...
Gold books best day in a week Friday, as hot inflation data rattles Wall Street
Gold prices soared on Friday after May inflation data came in hot, shattering hopes that high costs of living in the U.S. might be buckling...
Dow skids nearly 900 points Friday, stocks book sharp weekly losses after hot inflation reading
Major U.S. stock indexes finished sharply lower Friday, after a May reading of inflation showed no signs of a slowdown in high costs of living....
Top Disney TV exec departs abruptly
Walt Disney Co. on Thursday said Dana Walden has been tapped as chairman of Disney General Entertainment Content, where she will succeed Peter Rice, one...
Biden on Jan. 6 hearing: Attack was ‘flagrant violation,’ people will ‘see for the first time some of the details’
President Joe Biden on Thursday offered comments about the first public hearing of the House committee investigating the Jan. 6, 2021, attack on the U.S....
Stitch Fix shares sink after media report says it’s laying off 15% of salaried workers
Stitch Fix Inc. shares sank 8.8% in Thursday afternoon trading after a CNBC report said the personalized shopping service is laying off 15% of its...