Jefferies Financial Group (JEF) reported third quarter results Wednesday afternoon that showed investment banking fees were up 47% from a year ago and 18% from the prior quarter.
OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.
Boeing Co. backed down from a Friday night deadline for striking workers to approve its latest contract offer after union leaders refused to schedule a vote.
Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the worlds biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the mark
Supply is the crux of housing woes—we’re missing millions of homes. Mortgage rates matter, too, but not nearly enough. A Moody’s economist, Nick Villa, has said it before: an interest rate cut won’t fix the housing crisis.
The US economy appears on track for another solid quarter of growth, new data showed Monday, while also pointing to potential "headwinds" in the manufacturing sector and with price pressures.
The start of a new rate-cutting cycle at the Federal Reserve has bank investors hoping for a return to 1995.
Asian stocks were steady on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there.
In the dusty, treeless outback of Southern Australia, a brand new mining camp is home to a hundred workers, putting in 12-hour days, two weeks at a time.
Wall Street traders betting the Federal Reserve will be able to engineer a soft landing spurred a rally in riskier corners of the market, with stocks hitting all-time highs.
Warren Buffett was mentored by Benjamin Graham, the father of value investing. Its no surprise, therefore, that Buffett has scrutinized the valuations of every stock hes bought throughout his long and successful career.
The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025.
This is the economic U-turn weve been waiting for. The Federal Reserve is expected to begin lowering interest rates Wednesday.
Japan’s export growth slowed, with shipments to the US slipping for the first time in almost three years in an outcome underscoring the mixed prospects for Japan’s economic recovery.
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda.
