Biden administration unveils new crypto tax reporting rules
(Reuters) – Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users’ sales and exchanges…
Fed’s Powell: Not yet clear rates are high enough to control inflation
(Reuters) – The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained Fed Chair…
Crude oil gains ahead of Powell’s Jackson Hole speech
Oil prices rose Thursday, rebounding to a degree from weakness during the week, ahead of an eagerly awaited speech by…
Citi expects lululemon athletica beat and raise but near-term upside to be limited
Citi analysts said the firm expects lululemon athletica (NASDAQ:LULU) to report a second-quarter earnings beat and raise full-year guidance when…
Wells Fargo to pay $35mln penalty over excessive fees, U.S. SEC says
(Reuters) – Wells Fargo (NYSE:WFC) has agreed to pay a $35 million civil penalty to settle U.S. charges that the…
U.S. stocks are rising as investors await Powell’s speech at Fed confab
U.S. stocks were rising as investors prepared to hear from Federal Reserve Chair Jerome Powell this morning from the central…
AstraZeneca sues US over Medicare drug price negotiation plans
(Reuters) – AstraZeneca said on Friday it has sued the U.S. government to block parts of a program that gives…
Futures inch higher as traders brace for Powell speech
(Reuters) – U.S. stock index futures edged higher on Friday ahead of a keenly awaited speech by Federal Reserve Chair…
Affirm, Netflix, AstraZeneca rise premarket; Nordstrom, Hawaiian Electric fall
U.S. futures traded higher Friday, bouncing after the previous session’s substantial losses ahead of Fed chief Jerome Powell’s key speech…
4 big analyst cuts: Frontline, Digital Realty cut to Hold at Deutsche Bank
Frontline downgraded at Deutsche Bank following Q2 Deutsche Bank downgraded Frontline (NYSE:FRO) to Hold from Buy with a price target…