Fed's Barkin still eyes 2025 for rates cuts with lower inflation
Federal Reserve Bank of Richmond President Tom Barkin is keeping the door open for interest-rate cuts this year, even as economic uncertainties loom large. Speaking to Bloomberg TV, Barkin ...
Space systems maker Karman Holdings seeks up to $2.6 bn valuation in US IPO
The company and selling shareholders aim to raise up to $421 million by offering approximately 21 million shares priced ...
No need to hike interest rates unless economy is overheating, Fed's Barkin says
The only reason for the Federal Reserve to hike rates would be if the economy was overheating and there are no signs of that in the data, Richmond Fed President Tom Barkin said Wednesday. "I see ...
Private payrolls expanded by 183,000 in January, topping expectations, ADP says
ADP said companies created a net 183,000 jobs on the month, slightly more than the 176,000 in December. Pay for workers who stayed in their jobs grew at a 4.7% annual rate, or 0.1 percentage point ...
Fintech firm Fiserv profit beats estimates as consumer spending remains robust
The Wisconsin-based company collects fees from merchants, banks and credit unions for processing transactions. Such fees are determined by consumer spending volumes. Processing and services revenue, ...