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Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control. However, these comments did not rattle the markets as much as most would have anticipated, indicating that traders might have already […]
The Justice Department and legal representatives of former president Donald Trump have, as ordered on Monday by U.S. District Judge Aileen Cannon, put forward the names of candidates to be appointed special master to conduct a review of the documents and materials recovered on Aug. 8 by the FBI during a court-approved search of Trump’s […]
The U.S. dollar was slumping against its major counterparts on Friday morning. The euro EURUSD, +0.48% was fetching $1.0091, up from $0.9999 on Thursday, and the dollar USDJPY, -1.06% was trading at 142.15 yen, down from 144.11 yen. The British pound GBPUSD, +0.73% also was climbing. The U.S. dollar index DXY, -0.67% on Wednesday had […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
PayPal Holdings Inc. PYPL, +0.06% said Thursday that it has tapped John Kim, an Expedia Group Inc. EXPE, +3.99% veteran, to be its next chief product officer. Kim, who spent a decade with the online-travel company, most recently as the president of Expedia Marketplace, will take over the PayPal position Sept. 26. “Developing new products […]
U.S. stocks finished higher on Thursday, notching their first back-to-back gains since Aug. 25 after a volatile session that saw the Dow Jones Industrial Average swing more than 460 points from peak to trough. Stocks seemed to shrug off hawkish commentary from Federal Reserve Chairman Jerome Powell, along with the European Central Bank’s largest interest-rate […]