Inflation will move toward 2% target, but risks to outlook are rising, says Fed’s Musalem

Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, speaks to the Economic Club of New York, in New York City, U.S., Feb. 20, 2025.Brendan McDermid | ReutersWASHINGTON — The risks for higher inflation are on the rise, St. Louis Federal Reserve...

Warren Buffett calls Trump’s tariffs a tax on goods, says ‘the Tooth Fairy doesn’t pay ’em’

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022.CNBCLegendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt...

Stocks making the biggest moves premarket: Tesla, Southwest Airlines, Coinbase, Capri and more

Check out the companies making headlines in premarket trading. Tesla — The electric vehicle stock jumped nearly 3% after Morgan Stanley’s Adam Jonas named embattled Tesla a new top pick in U.S. autos, with expectations of a roughly 50% bounce in store. Southwest...

‘Reverse Robin Hood scam’ or windfall for middle class? Lawmakers debate Trump tax plan extensions

Speaker of the House Mike Johnson (R-LA) leaves after the House passed Republicans’ budget resolution on the spending bill on Feb. 25, 2025 in Washington.Kayla Bartkowski | Getty Images News | Getty ImagesAs Congress debates how to handle trillions of dollars in...

China investing risks haven’t gone away. Wall Street shares some of its safer plays

As excitement over DeepSeek moderated, JPMorgan gave its clients a warning: “Be careful: U.S.-China risks back in focus.” The Feb. 24 note cautioned that the White House’s new America First Investment Policy could trigger a pullback in Chinese stocks...

Another ‘near miss’: Citigroup mistakenly credited a customer account with $81 trillion

Jim Dyson | Getty Images News | Getty ImagesCitigroup mistakenly credited a customer’s account with $81 trillion last year when it meant to send just $280.The payment, which took place last April, was missed by two employees but caught 90 minutes after it was...

Stocks making the biggest moves midday: Nvidia, Autodesk, Duolingo, Alibaba and more

Check out the companies making headlines in midday trading: Nvidia — The heavyweight chipmaker gained roughly 4% as traders piled into the stock near session close, taking back losses from the brief sell-off sparked by a tense exchange between President Donald Trump...

Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say

Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | ReutersThe Consumer Financial Protection Bureau’s Trump-appointed leadership plans to...

Stocks making the biggest moves premarket: Nvidia, Alibaba, Rocket Lab and more

Check out the companies making headlines before the bell. Nvidia – Shares of the artificial intelligence chip darling fell around 2%, extending its 8.5% loss from the previous session. This comes on the heels of the company seeing a decline in its gross profit margin...

State Street, Apollo team up to launch first of its kind private credit ETF

Omar Marques | Lightrocket | Getty ImagesThere’s a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities,...