Fed Seen Aggressively Hiking to 5%, Triggering Global Recession
Fed will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023.
Texas Natural Gas Drops Toward Zero as Output Swamps Pipelines
Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks.
Goldman Shakes Up Leadership Ranks in Yet Another Overhaul
David Solomon embarking on third major reorganization in just four years as CEO, undoing some of signature moves he made as recently as 2020.
Earnings Are Looking Bad. But What’s Coming Could Be Even Worse
Wall Street is bracing for a rough earnings season as macroeconomic issues weigh on profit margins.
Brainard Says Fed Committed to Avoiding Pulling Back Early
Fed Chair Brainard said bank will keep interest rates high for a time to bring inflation down, acknowledging need to watch global financial-stability.