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Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S. economy right now argue for the central bank to hold steady on interest rate policy and take in more information before deciding what needs to happen next. “Given the economy’s starting point, and with both sides of our mandate expected to be under pressure, there is a strong case to hold monetary policy steady in order to balance the risks coming from further elevated inflation and a slowing labor market,” Hammack said in the text of a speech prepared for delivery before a gathering in Columbus, Ohio. Hammack, who does not hold a vote on the monetary policy- setting Federal Open Market Committee this year, said the big changes in the United States trade regime, which prominently features tariff increases, have played a role in boosting uncertainty and making it harder to know what needs to happen with central bank monetary policy.

BI surveyed 150 college students pursuing careers on Wall Street about their motivations, expectations, and fears. Here is what they told us.

Apple stock fell more than 2% late Wednesday morning, once again putting its market capitalization below the $3 trillion mark after a brief rally.

Federal Reserve Chair Jerome Powell highlighted how planned and enacted policy shifts by the Trump administration have created unusual economic uncertainty.

Oppenheimer analysts on Wednesday initiated coverage of Lyft with an "outperform" rating, writing that they expect the company to benefit as ridesharing continues "to challenge the rising cost of car ownership."

Other companies hit hard include a medical device maker, a semiconductor firm and the maker of Vans sneakers.

President Donald Trump’s global trade war will hurt economies around the world this year, including the US, according to a new report by the World Trade Organization.

The other major cryptocurrency is becoming the global settlement layer for on-chain assets, says Advantage Blockchain’s Alec Beckman.

A report by CoinDesk Indices provides a detailed analysis of the crypto market’s recent performance and the significant shift being driven by institutions. Dive into the results with CoinDesk’s Joshua de Vos and Jacob Joseph.

(Bloomberg) -- Harvard University’s decision to stand up to President Donald Trump sparked cheers from politicians across Massachusetts, but the resulting federal funding cuts risk imperiling the region’s primary economic engine.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceWhy the Best Bike Lanes Always Get BlamedLA County Floats Leaner Budget Burdened by Fire and Legal CostsHarvard on Monday refused to strike