The FOMC delivered a 25bp increase in September to limit secondary inflation risks from energy prices and strength in domestic investment. Members should follow up with a second 25bp hike in October to give participants Read more…
The Federal Open Market Committee (FOMC) raised the policy rate by 25 basis points (bps), lifting the target range to 3.75%–4.0%. The move followed five consecutive meetings where the FOMC held rates steady. The post-meeting Read more…
Headline inflation increased from 2.6% to 2.9% year-on-year. Core inflation remained at 2.6%, above the 2.5% forecast. Services inflation held at 3.4%, instead of rising to 3.5%. Wage growth slowed, while unemployment benefit claims increased Read more…
The Federal Reserve delivered the quarter-point interest rate hike Wall Street expected Sept. 17. The big surprise was what came next: Fed policymakers signaled that another rate hike could be coming before the end of Read more…
Over the past few years, E.l.f. Beauty has built one of the fastest-growing portfolios in cosmetics, expanding beyond its namesake (Eyes, Lips, Face) value-focused makeup brand into skin care and prestige beauty. And its biggest Read more…
America’s debt problem has become almost too big to visualize at this point. Gross federal debt now stands at nearly $40.1 trillion, up from about $30.9 trillion at the end of fiscal 2022, which means Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. The economy seems to be all anyone can talk about these Read more…
Everpure has been one of the stronger storage names tied to the data-center buildout, and Bank of America thinks investors may still be underestimating how much runway the company has left. In a note given Read more…
Wall Street always finds something new to panic about, and this time it found the reason wrapped in language usually reserved for existential risk. A widely read essay warning that artificial intelligence needs to slow Read more…