The Latest: Fed sees no risk to dollar from cryptocurrencies

Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, June 19, 2019. (AP Photo/Manuel Balce Ceneta) The Latest on the Federal Reserve's monetary policy meeting (all times local): Continue Reading Below 3:10 p.m. Federal Reserve Chairman Jerome Powell is downplaying the possibility that digital currencies such as Facebook's […]

Read more

RBS sees profit challenge ahead amid Brexit uncertainty

Royal Bank of Scotland (RBS) has warned continued Brexit uncertainty is “likely” to make income growth more challenging for the bank. The part-nationalised lender used its first quarter results, which showed a fall in profits, to say that while it was maintaining its outlook for 2019 it was particularly concerned about delays in business borrowing decisions. A collapse in business […]

Read more

Western Alliance Sees Huge Deposit Growth

Financial institutions have had to deal with a lot of turbulence recently. After having enjoyed consistent Federal Reserve interest rate hikes throughout 2018, the sudden fear of recession that hit toward the end of last year put an end to the favorable conditions that regional bank Western Alliance Bancorporation (NYSE: WAL) and its peers had enjoyed throughout much of the […]

Read more

Grand jury sees ways to reduce Pennsylvania's Medicaid fraud

Law enforcement agencies and government regulators need new tools to effectively combat fraud within Pennsylvania's $33 billion Medicaid program, according to a grand jury report released Monday. Community based health-service programs can be "easily manipulated to facilitate fraud" because they lack the supervision, training and oversight that exist in traditional residential health care facilities, the report made public by the […]

Read more

RH Sees a Tougher 2019 Ahead

It's not enough for a company to be successful for just a short while. Strong companies have to sustain that success year in and year out, navigating the ever-changing waters of economic conditions and finding ways to prosper regardless of the challenges they face. That's a task that luxury home furnishings retailer RH (NYSE: RH) has done well recently, turning […]

Read more

FedEx sees Amazon as friend not foe

Lands’ End CEO on Amazon partnership: If you’re not on Amazon you’re not really relevant Lands’ End CEO Jerome Griffith on the holiday shopping season, the retailer’s partnership with Amazon and the company’s growth and outlook. FedEx investors had a bumpy Wednesday as the stock tumbled 12 percent, the worst percentage drop since 2008, after the delivery giant cut its […]

Read more

Paul Tudor Jones sees more volatility, says stocks will drop as much as 15% before rebounding

Legendary investor Paul Tudor Jones says the stock market’s wild ride will continue in 2019. “I think we’re going to see a lot more of what we just saw, which is a lot more volatility,” Jones told CNBC’s Andrew Ross Sorkin from his offices on “Squawk Box” on Monday. “It’s really easy to say ‘I’m really bullish’ or ‘I’m really […]

Read more
1 2