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Wall Street

US Fed chair says ‘the time has come’ to start cutting interest rates

by Walter Watson
US Fed chair says ‘the time has come’ to start cutting interest rates

US stocks rose on Powell’s remarks, with all three major indices on Wall Street up sharply at around 10am local time in Washington (1400 GMT). The annual economic symposium in …

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Opinion | Kamala Harris’ economic plan is bad – Trump would be worse

by Walter Watson
Opinion | Kamala Harris’ economic plan is bad – Trump would be worse

The fact remains that Harris is the second-in-command of an administration presiding over a country that more than 60 per cent of voters believe is on the wrong track, according …

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U.S. job growth revised down by the most since 2009. Why this time is different

by Walter Watson
U.S. job growth revised down by the most since 2009. Why this time is different

People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida.  Joe Raedle | …

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Harris CEOs pitch at DNC business policy

by Vera Ward
Harris CEOs pitch at DNC business policy

CHICAGO — Vice President Kamala Harris’ allies in the business community are privately making a pitch to CEOs about why they should back her over former President Donald Trump, according to …

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CNBC Daily Open: Wall Street ‘dress rehearsal’

by Walter Watson
CNBC Daily Open: Wall Street ‘dress rehearsal’

Traders work the floor of the New York Stock Exchange on August 16, 2024.  Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our …

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Top Wall Street exec predicts ‘social unrest’ due to AI

by Edgar Davis
Top Wall Street exec predicts ‘social unrest’ due to AI

Artificial intelligence could render many jobs such as cashiers and drivers obsolete — leading to widespread social unrest, according to a senior Wall Street finance executive. Armen Panossian, a co-CEO …

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Warren Buffett did something curious with his Apple stock holding

by Walter Watson
Warren Buffett did something curious with his Apple stock holding

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC A coincidence or master plan? Warren Buffett now owns the exact same …

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Harris’ Wall Street allies organize blitz to rival Trump

by Vera Ward
Harris’ Wall Street allies organize blitz to rival Trump

U.S. Vice President and Democratic presidential candidate Kamala Harris arrives to boards Air Force Two at Joint Base Andrews in Maryland, U.S. on July 24, 2024.  Brendan Smialowski | Via …

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U.S. journalist’s closed trial for espionage set to begin in Russia

by Walter Watson
U.S. journalist’s closed trial for espionage set to begin in Russia

A shaven-headed Evan Gershkovich appeared briefly before journalists in a Russian court on Wednesday at the start of a trial on charges of espionage that the U.S. reporter denies. Gershkovich, 32 was seen …

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Morgan Stanley gives quality stocks to own in case of a slower economy

by Walter Watson
Morgan Stanley gives quality stocks to own in case of a slower economy

The risk of an economic slowdown now outweighs the risk of inflation, according to Morgan Stanley. At the mid-point of the year, stocks are near all-time highs, buoyed mostly by …

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