The Federal Reserve Bank of Boston today announced that Dr. Susan M. Collins will be its next president, CEO. Courtesy: Federal Reserve Bank of Boston. The Boston Federal Reserve, which is heading the central bank’s potential foray into digital currency and saw its leader resign last year amid a stock-trading controversy, has a new leader.
Finance
Atlanta Federal Reserve President Raphael Bostic said Wednesday he anticipates hiking interest rates three or four times this year, but he stressed that the central bank isn’t locked into a specific plan. Speaking on CNBC’s “Squawk Box,” the policymaker signaled a view that is less aggressive than the market’s on rates. “In terms of hikes
Traders on the floor of the NYSE, Feb. 4, 2022. Source: NYSE U.S. stock futures rose slightly in overnight trading on Tuesday as investors prepare for another round of corporate earnings. Dow futures rose about 50 points. S&P 500 futures gained 0.2% and Nasdaq 100 futures rose 0.2%. Chipotle rose more than 7% in after-hours
A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, U.S., on Monday, April 19, 2021. George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the fitness company soared more than 32% after the firm announced it’s replacing
Moviegoers line up in front of promotional posters for Chinese Lunar New Year films in Shanghai on Feb. 1, 2022. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumer spending on movies plunged during the Lunar New Year holiday last week as theaters raised prices to record highs. The seven-day holiday that ended
U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this week. Futures contracts tied to the Dow Jones Industrial Average added 0.1%. S&P 500 futures gained 0.16%, while Nasdaq 100 futures were up 0.24%.
In this article PTON NFLX SPOT SAVE ULCC A Spirit Airlines aircraft takes off at Orlando International Airport. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Frontier Group, Spirit Airlines — Shares of Frontier Group and Spirit Airlines rose in midday trading after the
A worker removes cooled 12 kilogram gold ingots from their molds in the foundry at the Prioksky non-ferrous metals plant in Kasimov, Russia, on Thursday, Dec. 9, 2021. Andrey Rudakov | Bloomberg | Getty Images Gold prices have remained resilient in recent weeks in the face of broad market volatility, decoupling somewhat from its typical
U.S. stock index futures were little changed during overnight trading Sunday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January employment report. Futures contracts tied to the Dow Jones Industrial Average advanced 0.11%. S&P 500 futures were flat, while Nasdaq 100 futures eased 0.1%. The S&P
Olympic Games Jam: Beijing 2022 is a Winter Games-themed game that incorporates non-fungible tokens (NFTs). nWay The International Olympic Committee has become the latest organization to jump into the non-fungible token craze. The association that organizes the Olympic Games said Thursday it has launched a mobile game based on the upcoming Beijing 2022 winter event.
A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega. “I didn’t
In this article SNAP CLX BJ BMY REGN AMZN Check out the companies making headlines before the bell: Regeneron Pharmaceuticals (REGN) – The drugmaker reported adjusted quarterly earnings of $23.72 per share, beating the $18.35 consensus estimate. Revenue also topped the forecast on strong sales of the company’s Covid-19 antibody therapy as well as its
In this article CLX FB PINS F AMZN The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines in midday trading. Amazon — Shares of Amazon popped more than 14% following a stellar quarterly report. The company said its investment in electric
In this article SNAP AMZN CLX PINS F RIVN The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Check out the companies making headlines after the bell: Amazon — Shares of Amazon popped more than 18% after hours following a strong quarterly report. The company reported
A trader works on the floor of the New York Stock Exchange. NYSE Stock futures rose in overnight trading Thursday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more than a year. Futures on the Dow Jones Industrial Average gained about 200 points, or 0.6%.
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters Senate Republicans on Thursday peppered the nominee to be
In this article QRVO SPOT ALGN QCOM FB A smartphone with Facebook’s logo is seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines after the bell Wednesday: Meta Platforms — Shares of the Facebook parent plunged more
Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE Nasdaq 100 and S&P 500 futures fell Wednesday night, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms. Futures tied to the Nasdaq 100 dropped 1.8%, and S&P 500 futures slid 0.7%. Dow
Photo by Rafa Elias | Moment | Getty Images Many victims of identity theft linked to unemployment fraud will learn of the crime this tax season. Such fraud — whereby organized crime rings and other thieves use stolen personal data to claim unemployment benefits in others’ names — has surged during the Covid-19 pandemic. Victims
A bitcoin sculpture made from scrap metal is installed outside the BitCluster cryptocurrency mining farm in Norilsk, Russia, on Sunday, Dec. 20, 2020. Andrey Rudakov | Bloomberg | Getty Images Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash even as investors grow wary about