For decades, Art Cashin, UBS' director of floor operations at the New York Stock Exchange, would write a New Year's poem to reflect back on the year's events. With Cashin's passing earlier this month, his sons, Arthur and Peter, sent this homage to their father:Some Other Cashins' Comments: An Homage...
Month: January 2025
Wall Street notches another win as Fed’s Barr clears the way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.Ann Saphir | ReutersThe early departure of the Federal Reserve's top financial...
Euro zone inflation rose to 2.4% in December, meeting expectations
A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty ImagesAnnual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday.The preliminary reading was...
Trump reportedly considering important alteration to tariff plans
U.S. President-elect Donald Trump looks on during Turning Point USA's AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty ImagesPresident-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the focus to a select set of...
JetBlue fined $2 million by DOT for ‘chronically delayed flights’
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013.Fred Prouser | ReutersThe Department of Transportation fined JetBlue Airways $2 million for "chronically delayed flights," the first penalty of its kind, the DOT said Friday.JetBlue operated four routes that...