Finance Latest investing news and finance headlines straight from Wall Street.
- Fed's Waller, a candidate for chair, sees potential for half-point cut if labor market weakens...at 3:52 pm
Waller said he believes the Fed can use its power over rates to stave off further labor market weakening. "So, let's get on with it," he said.
- Affirm's stock soars 15% on earnings, revenue beatat 12:28 pm
Affirm's earnings per share of 20 cents for the quarter was almost double what Wall Street expected.
- How Italy's banking M&A wave started crashingat 5:17 am
The merger fever that's gripped Italy's banking sector showed signs of abating this summer — but its end isn't nigh.
- Lisa Cook hints 'clerical error' to blame for any mortgage application discrepancyat 6:52 pm
The document calls the fraud allegation "unsubstantiated and unproven" but does not go into detail about why that is the case.
- Fed's John Williams stresses independence as Trump moves to fire Lisa Cookat 2:54 pm
The influential policymaker avoided commenting directly on Trump's efforts to fire Cook.
- Wealthy Americans are traveling to Europe to dodge tariffs on luxury goodsat 1:00 pm
Travelers could score discounts on high-end items like watches and clothing by buying overseas. However, the strategy comes with risks.
- How BlackRock and Goldman Sachs are bringing Wall Street's hottest asset class to 401(k)sat 6:39 pm
"The alternative market is becoming less alternative," BlackRock's Jon Diorio said. "It's growing very rapidly as public markets are shrinking."
- Trump's Cook firing will likely end up in the Supreme Court's handsat 4:15 pm
Trump is the first president to attempt to fire a Fed governor since Congress established the central bank in 1913, Evercore ISI said.