Instant view: Fed’s Barr unveils sweeping bank capital plan revisions after pushback, delays

NEW YORK (Reuters) – The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the projects…

A case for a 50 basis point rate cut could be made: Goldman Sachs chief economist

The Federal Reserve front-loading interest rate cuts to reignite a slowing US economy is still a possibility. "I wouldn't rule out 50 basis points, but 25 basis points strikes me…

Dow Jones Today: S&P 500, Nasdaq Gain as Market Looks to Extend Rally

Oracle Jumps After Earnings, AWS Partnership 3 hr 42 min ago Oracle (ORCL) shares surged in more than 8% in premarket trading Tuesday after the enterprise software company posted better-than-expected fiscal…

Fed’s Barr to unveil Basel plan after industry pushback, regulatory delays

By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve's regulatory chief on Tuesday will outline how officials plan to advance the Basel Endgame bank capital hikes after intense industry opposition…

OPEC again lowers 2024, 2025 global oil demand growth view

By Alex Lawler LONDON (Reuters) – OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its…

Here’s the ‘magical’ moment Goldman Sachs sees for tech stocks

To get big tech stocks powering higher again, it will take the convergence of two factors, says Goldman Sachs' veteran tech analyst Kash Rangan. The magic formula is a steady…

German inflation falls to the lowest level in more than three years

By Maria Martinez BERLIN (Reuters) – German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for…

TikTok’s Dangerous ‘Blackout Challenge’ Can Cause Brain Damage, Death in Less Than 5 Minutes

TikTok’s viral “blackout challenge” (also known as the “choking challenge) is responsible for at least one death this year. The challenge encourages viewers to asphyxiate themselves until they lose consciousness.…

Plaintiff’s Attorney Spencer Sheehan Sanctioned

Spencer Sheehan is a Plaintiff’s attorney who has filed hundreds of class action lawsuits against food companies for allegedly deceptive labeling and marketing. A small percentage of these lawsuits survive…

Australia’s Consumer Pessimism Persists as Economy Stagnates

(Bloomberg) — Australia’s consumer confidence dipped in September due to rising concern about the economic outlook and employment prospects with interest rates at a 12-year-high and expected to remain there…