A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty ImagesThe International Monetary Fund warned Wednesday that the public debt situation worldwide could be more...
Check out the companies making headlines in midday trading. McDonald's — The fast-food stock pulled back more than 5% after the U.S. Centers for Disease Control and Prevention said an E. coli outbreak was tied to the chain's Quarter Pounder burgers . The outbreak led to 10 hospitalizations and...
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Anna Moneymaker | Getty ImagesTesla is set to report third-quarter earnings on Wednesday after the close of regular trading.Here's what analysts...
An escalation of trade and tariffs tensions between the U.S. and China would have "costly" economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday."We are seeing geopolitically driven trade around the world, which is why when you look at...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
The Swiss franc is back on track to be the strongest performing G-10 currency against the dollar this year, beating all of its peers in October. Investors including Amundi and J.P. Morgan Private Bank say its rally has scope to run and options recently showed the highest bets for franc...
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022.Brendan Smialowski | AFP | Getty ImagesCVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the company's health services business. CVS booked sales of $89.76...
Aston Martin DBS Superleggera(c) Paul A. Eisenstein | TheDetroitBureauShares of Aston Martin were down by 11% at 10:01 a.m. London time Wednesday morning, slightly paring losses incurred after the British luxury carmaker cut its volume target due to production problems for its new DB12 model and posted a bigger-than-expected...
Advisors who make one-off recommendations to 401(k) plans and participants may face a new reality under the latest fiduciary rule proposed by the Department of Labor: They will be fiduciaries, whether they like it or not. Tuesday, the agency proposed a rule that would again redefine “fiduciary” under the Employee...
President Biden warned financial advisors Tuesday not to recommend high-fee investment products that line their own pockets rather than help their clients build a nest egg, as he promoted a proposal to raise advice standards for retirement accounts. “Most advisors give their clients good advice at a fair price and...
As more financial advisors go independent, David Settanni will attest that making the switch to the RIA space was one of the best things he did for his career. “Being in the independent broker-dealer channel, I just felt that we didn’t have any necessarily brand recognition,” said Settanni, who’s advisor...
US Federal Reserve Chairman Jerome Powell holds a press conference in Washington, DC, on September 20, 2023. Mandel Ngan | AFP | Getty ImagesThe Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants...
