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2 mins read
US stocks rise amid earnings, fresh Fed comments on rates
The S&P 500 is closing in on 5,000 for the first time ever. Stocks rose as traders digest earnings …
Jennifer Sor
19 mins read
He was America's flashiest watch dealer. Then the feds caught up with him.
How the Wolf of Watch Street ran out of time
David Kushner
2 mins read
Stock market today: US stocks rise as markets brace for March inflation data and fresh Fed commentary
Treasury yields continued to climb as markets readjust forecasts for rapid interest rate cuts from …
Filip De Mott
5 mins read
How Fed Chair Jerome Powell's big decision could impact the upcoming presidential election
They say every vote matters in elections, but the biggest decision in November's presidential race …
Dan DeFrancesco
2 mins read
Blame monopolies for today's sky-high inflation, Boston Fed researchers say
Weaker competition amplified the inflationary impacts of the labor shortage, supply-chain problems,…
Ben Winck
3 mins read
Two Fed presidents should be fired for trading stocks while in office, advocacy groups say
Since the Fed polices Wall Street banks, it needs to "lead by example" and fire the officials who t…
Ben Winck
2 mins read
The feds botched Whitey Bulger's prison transfer so badly that the infamous Boston gangster had 'lost the will to live,' a watchdog found
Bulger was kept in a single cell as his transfer from a Florida to a West Virginia prison dragged o…
Jake Epstein
2 mins read
The Boston Fed and MIT publish long-awaited research on central bank digital currencies
The 35-page white paper was borne out of a joint initiative announced in 2020 that aimed to explore…
Isabelle Lee
2 mins read
Home prices may climb to fresh all-time highs as the Fed eyes rate cuts and mortgage rates fall
The Case-Shiller index, a trusted tracker of home prices, saw prices notch all-time highs. And home…
Aruni Soni
2 mins read
Boston Fed Chief Eric Rosengren blames Wall Street for slowing small-business recovery efforts — and warns that sluggish stimulus progress could cripple the economic rebound
"None of the nation's largest banks" is currently active in the Main Street Lending Program, design…
Emily Graffeo
2 mins read
The great Rolex recession is here: How the Fed crushed the luxury-watch boom
The secondhand-watch market has sunk to its lowest level in over two years, according to the WatchC…
Joseph Wilkins
2 mins read
The great Rolex recession is here: How the Fed crushed the luxury watch boom
The secondhand watch market has sunk to its lowest level in over two years, according to the WatchC…
Joseph Wilkins
2 mins read
US stocks fall as Fed comments and new data raise fear of more rate hikes
Shares of Apple, Nvidia, and Tesla all moved lower in Wednesday's session as September continued to…
Phil Rosen
1 min read
US stocks fall as Fed official says more rate hikes could still be on the table
Boston Fed President Susan Collins said policymakers should remain patient, and that "further tight…
Phil Rosen
1 min read
The Fed's Main Street Lending Program is now open and encouraging banks to start making loans
Lenders can find registration documents on the program site and "are encouraged to begin making Mai…
Carmen Reinicke
2 mins read
Rock-bottom interest rates before the pandemic made the coronavirus recession worse, Fed's Rosengren says
A build-up of risk in the low-rate environment "will make economic recovery from the pandemic more …
Ben Winck
2 mins read
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
Don't rule out a hard landing for the US economy just yet, a team of strategists led by Michael Har…
George Glover
1 min read
Fed presidents dump shares and apologize for the 'appearance' of conflicts of interest after big trades in companies like Apple and Tesla
"Doing things like this, although not prohibited by the rules, shows poor judgment and really hurts…
Ethan Wu
3 mins read
Feds busted a 'high-end' brothel network serving politicians and pharma execs. Apparent clients are wondering if they'll be next.
Hours after federal prosecutors busted an alleged high-end brothel network, users on online forums …
Sonam Sheth
4 mins read
Meet the activists urging the Fed to worry less about inflation and focus on helping Americans get good jobs
"The worst-case scenario is high prices and high unemployment, and I really do worry that we're hea…