Dow Jones · Markets 3mins By Greg Robb Cleveland Fed President Loretta Mester said she expects the central bank will have to raise interest rates further in order to bring down inflation. In my modal projection, to put inflation on a sustained downward trajectory to 2% and to keep inflation expectations anchored, monetary policy moves somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time," Mester told a group of professional economic forecasters in a speech in New York on Tuesday evening The Cleveland Fed president said that there is "heightened uncertainty" surrounding the outlook in light of the recent stress on banks in the wake of the rapid collapse of Silicon Valley Bank.

Innovation may not be what big companies are best at, but no other kind of organization can operate at their scale. Apple, for example, is great at hardware and logistics, which is why it continues to gain smartphone and PC market share with its iPhone, Mac, and the accessories that make them more useful. Google is still great at search and ads, and was able to use its enormous cash flow to subsidize YouTube and build its mapping products -- both of which started as acquisitions -- says Mr. Bardin. Microsoft, in returning to its roots as an enterprise software company, has thrived under CEO Satya Nadella. But what's worrisome about OpenAI is that many of the same forces that allow big companies to be so dominant may be contributing to its need to partner early in its life with a company li

The Stock Market Will Be Closed Tomorrow for Good Friday The U.S. stock market will be closed on Friday, April 7, reopening Monday. Bond trading will be open for a shortened session, closing at 12 p.m. ET. Bullard Plays Down Credit Crunch, Says Fed Must Fight Inflation Federal Reserve Bank of St. Louis President James Bullard said steps taken to ease financial strains were working and the central bank should keep raising interest rates to fight high inflation. IMF Warns Five-Year Global Growth Outlook Weakest Since 1990 The emergency lender sees the world economy expanding about 3% over the next half decade as higher interest rates bite, Managing Director Kristalina Georgieva said in a speech in Washington Thursday. That’s the lowest medium-term growth forecast since 1990 an

Yahoo Finance tech editor Dan Howley discusses the likelihood of an antitrust challenge to Microsoft's planned acquisition of Activision Blizzard. Video Transcript - Well, shares of Activision Blizzard are falling this morning after a political report suggesting the FTC is likely to file an antitrust lawsuit to block Microsoft's deal for the group. Let's bring in Yahoo Finance's Dan Howley, who is covering that for us this morning. Dan, a pretty strongly worded statement coming out of Activision Blizzard saying any suggestion that this deal is anticompetitive is simply absurd. ADVERTISEMENT DAN HOWLEY: Yeah, that's right. This is a megadeal, right? This is one of the biggest, if not the biggest acquisition by Microsoft ever-- $69 billion to purchase Activision Blizzard. There's two parts t

$NVIDIA(NVDA.US)$, one of the world's leading chipmakers, is one of the most heavily traded stocks in the world. Nearly 60 million shares change hands daily on average, which is not far behind market leaders like $Apple(AAPL.US)$, $Tesla(TSLA.US)$, and $Amazon(AMZN.US)$. I like NVIDIA and still think it is well positioned as a leading manufacturer of semiconductors used in graphics, data centers, artificial intelligence, and more. It has even gotten boosts from time to time with its chips used to power machines mining cryptocurrency. (I won't get started on the whole cryptocurrency mess.) The stock is a huge long-term winner, up more than 5,000% over the last decade – and nearly 40,000% since it went public in 1991. But 2022 has been a tough year, with NVDA hit hard in the bear market with

11461.500 -0.18% The U.S. economy created 263,000 jobs in November, the Labor Department reported on Friday, exceeding expectations and showing just how resilient the labor market remains. Economists had expected the U.S. economy gained 200,000 jobs last month. logo The unemployment rate held steady at 3.7%, compared with 3.7% in October and the 3.7% consensus call among economists surveyed by FactSet.

Tech giant $Apple(AAPL.US)$ is considering buying Manchester United (MANU), according to The Daily Star. The British tabloid newspaper, without citing any sources, said Apple's chief executive Tim Cook, was interested in paying GBP5.8 billion for the storied Premier League football club. CEO Tim Cook is keen to explore the opportunities owning United could provide -- and will line up talks with the banks appointed to oversee the sale, which include The Raine Group." -wrote the Daily Star on Thursday. The newspaper said that a purchase by Apple would make Man Utd the richest club in the world. However, given a number of other clubs such as Newcastle United, owned by Saudia Arabia, have the resources of wealthy countries who do not need to apply commercial logic to their holdings, this claim

10.150 10.070 +3.26% -0.79% Post Electric vehicle makers are facing a tall order in pushing sales amid a softer consumer spending environment. What Happened: Lucid Group, Inc. (NASDAQ:LCID), a manufacturer of premium EVs, is offering a discount of $18,000 for its employees to buy its 2022 model Grand Touring before the end of the year, Business Insider reported, citing an internal email from the company. The Lucid Air Grand Touring has a starting price of $154,000. The discount, applicable only for purchases made on or before Dec. 31, would be staggered in installments of $500 and would be credited each pay period. The company reportedly said availability and configurations were limited. See also: Best Electric Vehicle Stocks Why It's Important: Lucid's Air sedan EVs are more susceptible t

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WeWork Landlords Could See Steep Losses on Any Rejected Leases in Bankruptcy