The Federal Reserve in 2019 will launch a broad look at how it conducts policy and conveys what is doing to the public. Central bank officials announced Thursday that they will look at “strategies, tools, and communication practices” the Fed uses to formulate monetary policy. Such a review has been a topic of discussion at
Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported $3.18 billion in revenue versus $3.24 billion as expected by analysts in the third quarter. Nvidia’s fourth-quarter revenue guidance also fell short of expectations, at
Federal Reserve Chairman Jerome Powell expressed confidence in U.S. economic strength Wednesday and said markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019. During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace
Citron Research’s Andrew left reiterated his bet against the Canadian cannabis industry, telling CNBC that he’s short Canopy Growth and Cronos Group in addition to his already disclosed wager against Tilray. Fielding a question from “Halftime Report” host Scott Wapner, Left said his doubts on the space aren’t confined to just one company. “I’m also
Italy’s populist government said it would stick with its high-spending budget plan, in a rejection of calls by the European Union to revise its fiscal targets. Rome clung onto its contested budget deficit figure of 2.4 percent of gross domestic product (GDP), a move which is likely to send tremors into domestic and European capital
Investors should buy materials companies like Nucor and Vulcan Materials if U.S. lawmakers move forward with any infrastructure plans, according to Jefferies. Sean Darby, the bank’s chief global equity strategist, wrote his note after the U.S. midterm elections, which ended with Republicans keeping control of the Senate and Democrats gaining a majority in the House.