Finance

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British technology entrepreneur

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024.  Kevin Mohatt | Reuters For all the attention being paid to Federal Reserve Chair Jerome Powell’s policy speech Friday, the chances of it containing any

In this article GM BILL WDAY INTU ROST UBER CAVA Follow your favorite stocksCREATE FREE ACCOUNT Customers arrive at a Cava restaurant in New York City, U.S., June 22, 2023.  Brendan Mcdermid | Reuters Check out the companies making headlines after the bell:  Cava Group — The fast-casual restaurant brand saw shares climb nearly 6%

In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen. Getty Images Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents. “Updating transaction documents is currently taking longer than expected,

Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely

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 | Getty Images There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since

In this article JD .HSI Follow your favorite stocksCREATE FREE ACCOUNT Signage at JD.com’s warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China’s JD.com, Pinduoduo, Bilibili, and NetEase. Qilai Shen

Pictured are are crystals of the antimony ore stibnite (antimony sulphide).  Universalimagesgroup | Universal Images Group | Getty Images BEIJING — China’s latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways. China’s Ministry of Commerce announced Thursday

David Paul Morris/Bloomberg via Getty Images Electric vehicles may save consumers money over the long-term relative to traditional gasoline-powered cars. While EVs still tend to cost more upfront to purchase, recurring charges for fuel and maintenance are generally cheaper — adding up to a total lifetime cost that can be lower than that of a

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British technology entrepreneur

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday. The agreement was