Stock Market

Ethan Wu
25 Sep 2021, 00:36

The stock and housing markets show 'frothiness' but not yet in bubble territory, says Cleveland Fed President Loretta Mester

The stock and housing markets show 'frothiness' but not yet in bubble territory, says Cleveland Fed President Loretta Mester

The stock and housing markets show 'frothiness' but not yet in bubble territory, says Cleveland Fed President Loretta Mester

Mester's comment comes after Fed Chair Jerome Powell said the Evergrande crisis was unlikely to directly hurt the US housing market.

Fed risks tapering surprise, stock market shock as central bank's inflation forecast not 'credible', says Wharton's Jeremy Siegel
Isabelle Lee
24 Sep 2021, 23:31

Fed risks tapering surprise, stock market shock as central bank's inflation forecast not 'credible', says Wharton's Jeremy Siegel

"I look at these inflation forecasts that the Fed put out, I don't find them credible at all," Siegel told CNBC. "We're going to have much more inflation.

A former quant was charged in an $8.5 million insider trading scheme that included making more than 3,000 fraudulent trades from his wife's brokerage account
Matthew Fox
24 Sep 2021, 20:31

A former quant was charged in an $8.5 million insider trading scheme that included making more than 3,000 fraudulent trades from his wife's brokerage account

The SEC discovered the scheme by using data analysis tools to detect suspicious patterns in trading activity.