Finance Latest investing news and finance headlines straight from Wall Street.
- Here's why surging oil prices may not derail the consumer tradeat 11:16 am
Wall Street is already looking beyond Big Tech quarterly results.
- SoFi CEO defends decision to hold guidance steadyat 10:48 pm
SoFi CEO Anthony Noto explained that the company declined to raise its full-year outlook due to macro uncertainty, not weakness in fundamentals.
- Kalshi bettors called it: Powell says he will stay on as Fed governor after chair term endsat 8:11 pm
Bettors on the platform don't think Powell will leave until August. If he stays on until then, he'd attend two more meetings of the FOMC.
- Bill Ackman's Pershing Square USA fund falls sharply in public market debutat 8:07 pm
The listing gives public investors their first direct stake in Ackman's investment platform, which runs a concentrated portfolio of 10 large-cap names.
- Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism...at 7:32 pm
Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
- Fed holds rates steady but with highest level of dissent since 1992at 7:25 pm
The Federal Reserve on Wednesday released its latest decision on interest rates.
- PayPal's new CEO makes Venmo a standalone business unit as potential buyers circleat 7:13 pm
PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.
- Here's what changed in the new Fed statementat 6:06 pm
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.