Author: super@dmin

Bloomberg News/Landov Fed Chairman Jerome Powell after his speech in Jackson Hole last month. Ask any Wall Street economist if the Federal Reserve will raise interest rates at its September meeting and the answer is “of course.” “For now, the FOMC appears comfortable with quarterly rate hikes,” said Michael Gapen, chief U.S. economist at Barclays,…

On Monday, S&P Dow Jones Indices and MSCI reshuffled their sector lineup. They replaced the stodgy, underperforming telecom services sector with a new, expanded communications services sector that now includes stocks that were previously in the information technology and consumer discretionary sectors, such as Alphabet GOOG, +0.96% GOOGL, +1.21% Facebook FB, -0.30% Netflix NFLX, -0.05%…

It’s all eyes on the Fed today, but excitement junkies may have to look for thrills elsewhere. There is nearly a 100% chance of a hike from Fed Chairman Jerome Powell, if market forecasting is to be believed. That means what he says about the near-term future may draw much more attention and accordingly, history…

Bitcoin prices are trading marginally higher Wednesday, looking to buck the recent trend. After opening the week with two consecutive losing sessions, the price of the world’s largest digital currency, bitcoin BTCUSD, +1.80%  was trading higher at $6,499.65, up 1.7% since Tuesday at 5 p.m. Eastern Time of the Kraken exchange. As digital currency owners…

BERLIN — Daimler AG on Wednesday said its long-serving chief executive will step down and will be succeeded by its current research and development chief, who has been driving the car maker’s push into electric vehicles and self-driving cars. Ola Källenius will take the wheel of the German car maker from Dieter Zetsche next year,…

U.S. stock-index futures ticked slightly higher Wednesday, suggesting equity benchmarks would open near all-time highs, though trading could be muted as investors focus on highly anticipated commentary from the Federal Reserve set to roll out in the afternoon. Where are the major benchmarks trading? Futures for the Dow Jones Industrial Average YMU9, +0.00%  rose 40…

Oil futures slipped early Wednesday in New York after an inventory report showed an increase in supplies and as President Donald Trump reiterated a call for an increase to output among major producers to keep crude prices lower. The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.9 million barrels for…

You can’t put a price on love, but you can put a price on a breakup: $100,000. Ryan Strasser, an associate with Troutman Sanders law firm in Washington, D.C., filed a lawsuit this week in the U.S. District Court in D.C. against his former fiancée, Sarah Jones Dickens, asking for the return of a 4.06-carat,…

Argentina central bank President Luis Caputo resigned less than four months into his post as the government struggles to contain economic turmoil and social unrest while it renegotiates a bailout with the International Monetary Fund. Caputo on Tuesday cited personal reasons for his departure amid reports of disputes with the IMF over Argentina’s exchange-rate policy.…

With the Federal Reserve all but certain to raise interest rates on Wednesday, investors may need to brace for sudden, unexpected market volatility as stocks have been underperforming on Fed Days in recent months. Data published by Bespoke Investment Group Tuesday indicate that stocks, on average, fell 0.13% on the last 10 times the central…