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Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026.Graeme Sloane | Bloomberg | Getty ImagesChicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t appropriate until there’s more evidence that inflation is on its way down.With recent indicators showing that inflation is well off its highs but still above the Fed’s 2% target, Goolsbee noted that policymakers “have been burned by assuming transitory inflation” in the past and shouldn’t make the…

Loop Capital sees key headwinds easing as catalysts materialize for Qualcomm . The investment firm upgraded the semiconductor company to a buy rating from hold. Analyst Gary Mobley also hiked his price target to $185 from $140. That implies upside of 32%. Shares of Qualcomm are down 13% over the past 12 months and have tumbled 18% this year alone. QCOM 1Y mountain QCOM 1Y chart “There are many reasons why QCOM’s shares have underperformed the chip sector on a YTD, 1-yr-, 3-yr & 5-yr basis. Most obvious, the company is not a data center AI beneficiary, at least not…

Donald Trump’s new global tariffs have taken effect at 10%, even though he had threatened a higher rate of 15% last weekend, providing “some relief” for British businesses, according to a lobby group.After the US president suffered a defeat at the hands of the supreme court on Friday, which struck down his sweeping “liberation day” tariffs imposed last year, he angrily reacted by announcing a 10% global tariff, which he raised to 15% on Saturday in a post on his social media platform Truth Social.According to a notice from the US customs agency, “an additional 10% ad valorem duty on…

At a time when many investors are rotating out of speculative penny stocks, others continue to embrace the risk-reward dynamic. Stocks that trade for under $5 carry a certain amount of risk. Many of these companies are unprofitable, and some may generate little to no revenue. Plus, in almost every case, these are small-cap companies. Small-cap stocks have been beaten up in the last several years. And even with the showing some signs of growth, it’s not being seen throughout the broader small-cap sector. That’s expected to change in 2026, particularly if the economic outlook continues to improve. In that…

Home Depot on Tuesday posted a roughly 4% quarterly sales decline, as a sluggish real estate market and selective spending by homeowners continued to weigh on home improvement demand.The company also stuck by the current fiscal year forecast that it shared in December at an investor day. It said it expects full-year total sales growth to range between about 2.5% and 4.5% and adjusted earnings per share to be between roughly flat and up 4% from $14.69 in the prior fiscal year. It expects full-year comparable sales growth, which takes out one-time factors like store openings and closures, to range…

February 24, 2026 Federal Reserve Board issues enforcement action with former employee of First Financial Bank For release at 11:00 a.m. EST The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition order against Jamal Hillman Former employee of First Financial Bank, Cincinnati, Ohio Misappropriation of customer funds Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: February 24, 2026

Woodside Energy has reported net profit after tax (NPAT) of $2.71bn for the full year 2025, a 24% decline from $3.57bn in 2024, as softer commodity prices weighed on the bottom line despite record production. Underlying NPAT came in at $2.64bn, down 8% from $2.88bn in the prior year. The company achieved production of 198.8 million barrels of oil equivalent (mboe), or 545,000 barrels of oil equivalent per day (boepd), for the full year 2025, surpassing guidance and surpassing 2024’s output. According to Woodside, the result was driven by the Sangomar asset in Senegal, which operated at nameplate capacity of…

The Citrini Research paper imagines a scenario in which widespread AI adoption leads to disruption and societal chaos. Evercore called it “thought-provoking” but “implausible.”

The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, Feb. 4, 2026.Tom Little | ReutersNovo Nordisk on Tuesday said it plans to slash the monthly list prices of its popular obesity and diabetes drugs in the U.S. by up to 50% starting in 2027, in a bid to make the treatments more accessible to patients with insurance coverage. The obesity injection Wegovy, its new pill counterpart, the diabetes shot Ozempic and the oral diabetes drug Rybelsus will have a new lower list price of $675 per month starting on Jan. 1, 2027. The…

Details:Composite manufacturing index fell to -10 in February from -6 in January. Estimate was -8Shipments dropped to -13 from -5 last monthNew orders decreased to -9 from -6 lat monthEmployment edged down to -7 from -6 last monthLocal business conditions index declined to -15 from -8 last monthPrices paid and received growth rates slowed in February to 6.52 from 7.06 last monthPrices received also slowed to 4.25 from 4.58 last monthCapital expenditures rose to -5 from -16 last monthServices expenditures -20 versus -16 last month Firms expect further moderation in price growth over the next 12 months**6 month forward expectations:Future…