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Traders of interest-rate futures are pricing in nearly 60% odds of a 50 basis-point interest-rate hike from the Federal Reserve in December as investors anticipate that Wednesday’s 75 basis point hike will be the last of its size for this cycle. Fed funds futures traders were pricing in 59.4% odds of a 50 basis point hike in […]

Gold futures settled with a modest gain on Wednesday, then moved higher in electronic trading after the Federal Reserve announced a hike in the fed funds rate of 75 basis points to the 3.75% to 4% range. December gold GCZ22, -0.67% was at $1,666.80 an ounce in electronic trading shortly after the announcement. That follows […]

U.S. stocks turned sharply higher on Wednesday after the Federal Reserve fired off another 75 basis point rate increase in an attempted to cool inflation that’s been tough to coax down from a four-decade high. The Dow Jones Industrial Average DJIA, -1.55% was up 322 points, or 1%, trading near 32,977. The S&P 500 index […]

Casino resort operator MGM Resorts International MGM, -2.31% reported a surprise loss for its third quarter, and shares fell 5% after hours on Wednesday following the results. The company reported a net loss of around $1.06 billion, or $1.45 per share, compared with a $1.34 billion profit, or $2.77 per share, in same the quarter […]

Shares of the U.S.’s largest banks moved higher into positive territory on Wednesday after the U.S. Federal Reserve hiked its key lending rate by 75 basis points as expected. JPMorgan Chase & Co. JPM, -0.92% rose 1.3%, Goldman Sachs Group Inc. GS, +0.35% advanced by 1.9%, Citigroup Inc. C, -1.45% rose 1.3%, Morgan Stanley MS, […]

Gary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws. 1379 Total views 10 Total shares United States Securities and Exchange Commission Chair Gary Gensler cited major enforcement actions against crypto firms as part of the “economic realities” of securities […]