Michelle Bowman

Michelle Bowman, a member of the U.S. Federal Reserve Board, expressed reservations about the necessity and viability of a U.S. central bank digital currency (CBDC). During a discussion at Harvard Law School on Tuesday, she said, "The potential benefits of a U.S. CBDC remain unclear, and the...

Risk sentiment held steady on Tuesday as corporations continued to report better-than-expected earnings. Johnson & Johnson (NYSE:JNJ), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group Inc. (NYSE:GS), and Lockheed Martin Corp. (NYSE:LMT) all exceeded quarterly earnings expectations. An...

Risk sentiment weakened during Wednesday trading on Wall Street, following significant gains in the previous session. This shift was triggered by higher-than-expected producer inflation, reigniting concerns ahead of the crucial consumer inflation report scheduled for Thursday. Traders were also...

Risk sentiment rebounded during midday Wednesday trading in New York as stocks surged, driven by a retreat in Treasury yields after several sessions of substantial surges. The ADP National Employment Report, which fell short of expectations (89,000 vs. 153,000), provided a welcome respite,...

Another session marked by uncertainty was gripping the stock market on Wednesday, following reports that China is contemplating a ban on the use of iPhones by public personnel. Shares of Apple Inc. (NASDAQ:AAPL) fell 3% Thursday, after falling 3.6% Wednesday, on track for their second-worst week in...

At the start of the week, the U.S. stock market is attempting to break the negative streak of four consecutive sessions in the red, with all major indices for large-cap stocks showing gains at midday trading in New York. The outperformance of value stocks compared to growth stocks continues, as the...

In its latest July meeting, the Federal Reserve remained tight-lipped about its future interest rate moves, but the growing divergence of opinions between the hawks and doves within the Fed is becoming more apparent. Investors are struggling to find clues to predict the future of interest rates as...

The next Federal Reserve rate-setting meeting is scheduled for Sept. 19-20, and the market has priced in a pause at the meeting. A Fed official, however, hinted that the pause may not happen and that the central bank may have more work to do, according to CNBC. What Happened: Additional rate...

Stocks are mixed on Thursday on the heels of Wednesday’s negative session as traders assess Jerome Powell‘s remarks before a Senate committee. The Fed chair stuck to the message delivered the day before to the House Financial Services Committee, stating that two further interest rate...

Roger Hallam, global head of rates at Vanguard, reportedly said that tighter lending conditions following the recent bank collapses are likely to push the U.S. economy into a shallow recession in the second half of this year. What Happened: “That backdrop of tightening lending standards is...

U.S. markets ended in the green on Monday, supported by financial and industrial stocks. Investors and traders are watching out for a slew of corporate earnings this week that include big names like Tesla Inc (NASDAQ:TSLA), Netflix Inc (NASDAQ:NFLX) and Morgan Stanley (NYSE:MS). Market...

Federal Reserve Governor Michelle Bowman said on Saturday that the Fed should consider more 75 basis-point interest rate hikes in the coming days.  According to Bowman, this will help in easing the inflation rate. Additional similarly sized interest rate increases should be on the...

Benzinga reviews this weekend's top stories covered by leading media outlets, here are the articles investors need to read. In "GE Stock Is a Buy as Breakup Looms," Barron's Al Root writes that after more than 20 years of decline, General Electric Co (NYSE: GE) is entering...