Five investors on their biggest takeaways from 2023
Markets were anything but predictable last year. Investors aren’t looking to get caught flat-footed again.
Inflation is down sharply, but getting to exactly 2% will be tough
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, measured 2.6% annually in November. So, getting that number down to the Fed’s 2% target should happen in no time, right?
Americans haven’t felt this good about inflation in more than three years
The US inflation picture greatly improved in 2023, and so have Americans’ attitudes about it.
Short sellers lost more money betting against Tesla than any other company last year
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined $12.2 billion last year, more than short sellers lost on …
St. Louis Fed names Alberto Musalem as its new president
Latino economist Alberto Musalem has been named as the next president and CEO of the Federal Reserve Bank of St. Louis, the bank announced Thursday.
Fidelity fund again trims Elon Musk’s X valuation
Investment giant Fidelity believes the shares it holds of X, the platform formerly known as Twitter, are worth 71.5% less than when Musk first purchased the social media company in October 2022, according to a new securities filing.
Macy's Stock Surges Amidst Buyout Buzz
Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.
Elon Musk says conspiracy theorist Alex Jones may be restored on X
Elon Musk says he may restore conspiracy theorist Alex Jones’ account on X, the platform formerly known as Twitter, pending the results of an unscientific poll of his followers. The move comes after Musk previously said he would not lift …
Ransomware attack on China’s biggest bank may have hit US Treasury market
A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market …
House GOP subpoenas Citibank over alleged Jan. 6 ‘back-channel’ cooperation with the FBI
House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Citibank as part of a hunt for information on whether banks shared private customer data with the FBI after the January 6 insurrection.
Comerica Bank Promotes Brandon Jones to Senior Vice President, External Affairs
Comerica Bank has promoted Brandon Jones, Vice President of External Affairs, to Senior Vice President, External Affairs, reporting to Executive Vice President of Corporate Responsibility Wendy Bridges.
Female soccer players earn 25 cents to the dollar of men at World Cup, new CNN analysis finds
Soccer players at the 2023 Women’s World Cup will on average earn just 25 cents for every dollar earned by men at their World Cup last year, a new CNN analysis found.
For Members Only: Alpha Kappa Alpha Sorority Launches Historic Credit Union
Alpha Kappa Alpha Sorority, Inc. has made history with the grand opening of its groundbreaking financial institution, the "For Members Only" (FMO) Credit Union. The ribbon-cutting ceremony took place at the organization's headquarters in Chicago, prior to the 2023 Leadership …
Bank of America CEO: Inflation could hit Fed’s 2% target by 2025
US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday
The US economy grew faster in the first quarter than previously reported
US economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.
