Incoming U.S. economic data points to the need for higher interest rates, said New York Fed President John Williams on Wednesday.
Financial Crime: Amazon manager who scammed the company out of $10 million sentenced to 16 years
Prosecutors say Kayricka Wortham used the stolen cash to buy a Lamborghini, a Porsche and a $1 million home.
: Bankruptcies have been brisk this year — and it’s just the halfway point
Americans were filing for bankruptcy much more in the first half of 2023 than they were at the same point last year, according to new numbers showing the increase in financial strain for some as pandemic protections fade away.
: Biden talks up companies’ solar-power partnership in South Carolina, criticizes Republicans for opposing green spending
During a visit Thursday to South Carolina, President Biden plans to highlight a new manufacturing partnership between Enphase Energy Inc. and Flex Ltd.
Personal Finance Daily: What not to say when you ask your boss for a pay raise and Biden’s new stab at student-loan forgiveness has borrowers frustrated and confused
Wednesday’s top personal finance stories.
In One Chart: Wall Street warmed to U.S. stocks in June, BofA data show, but many analysts remain bearish
Wall Street has proven once again that the higher U.S. stocks climb, the more bullish its analysts become.
: Supreme Court’s student-loan decision could be a blueprint for blocking SEC’s war on crypto
Crypto advocates are looking to the Supreme Court to stop the SEC’s regulatory crackdown on the industry.
The Tell: Why the Fed may be less likely to oppose a stock market rally than investors think — ‘unless it gets out of hand’
A new paper indicates policy makers have a different take on U.S. financial conditions than widely assumed, says Evercore. That’s a big deal for markets.
: White House says cocaine found in ‘heavily traveled’ part of West Wing, and it’s confident Secret Service ‘will get to the bottom of this’
White House press secretary Karine Jean-Pierre on Wednesday addresses the news that cocaine was found Sunday in a West Wing common area.
The Ratings Game: AI likely to propel Microsoft into the ‘$3 trillion club’ early next year, analyst says
Microsoft Corp. could soon join Apple Inc. as a $3 trillion company, helped by future gains propelled by AI and ChatGPT, Wedbush analysts said on Wednesday.
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