The Baltimore-based asset manager is cutting numerous positions across departments as it maps out how to return to organic growth.
Treasuries advanced, with the 10-year yield down one basis point.
Chair also praised the passage of stablecoin legislation this week.
“We should not wait until the labor market deteriorates,” says Fed governor.
Second-quarter results that exceeded investor expectations.
The once-prized bonds fell from favor earlier this year, but they're back in demand as debt issued by elite colleges look increasingly like bargains.
Stronger-than-expected economic support from consumers reinforces the case for the Federal Reserve to stay in its holding pattern on rates.
"Unless he has to leave for fraud".
Hardliners give way to pressure to approve consideration of bills.
“Everybody is expecting the second half to be really strong,” says PM.
