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☆ The broader market is reasserting itself from strong earnings, says UBS' Alli McCartney
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe broader market is reasserting itself from strong earnings, says UBS' Alli McCartneyAlli McCartney, UBS Alignment Partners managing director, joins 'Money Movers' to discuss why broader market is reasserting itself, the message from the recent list of earnings results, and much more.

Persons: Alli McCartney Alli McCartney Organizations: UBS, Partners

Sal Khan, 31, earns $220,000 a year and lives with his parents in Houston. "I do think my relationship now has been the best with my parents than it has been before," Khan tells CNBC Make It. But that won't be the end of his living arrangement with this parents: Khan hopes to move his parents to his new home, too. The bulk of his savings are earmarked for more down payments on properties, Khan says. Sal Khan hopes that sharing his story will dispel the stigma about living with parents as an adult.

Persons: Sal Khan, Khan, Erik Mauck, that's, it's, Khan's, Nina Nguyen, Krishnan, Khan didn't Organizations: CNBC, Ohio State University, Bay Area, Costco, Gas, Wealthfront Locations: Houston, Pakistan, U.S, Bay, Chicago, Texas, California, Arizona, Florida

☆ Special counsel asks judge to send indicted ex-informant in Hunter Biden case back to jail
▼ + stars: | 2024-02-21 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +1 min

CNN —Special counsel David Weiss asked a California judge Wednesday to send indicted ex-FBI informant Alexander Smirnov back to jail while he awaits trial. A magistrate judge in Las Vegas released Smirnov on Tuesday, finding that even enough Smirnov posed a flight risk, he could be released under certain conditions. Those conditions include GPS monitoring, confiscating his two passports, and ordering him to remain in Nevada where he currently lives. Smirnov is charged with lying to the FBI about the Biden family’s dealings in Ukraine. In the court filings, Weiss said that Smirnov repeatedly lied to his FBI handler, whom he worked with for more than a decade, and should not be trusted.

Persons: David Weiss, Alexander Smirnov, Smirnov, Prosecutors, Weiss, ” Organizations: CNN, FBI, Las Vegas, Biden Locations: California, Las, Nevada, Ukraine, Russia

☆ It could be time for investors to take some profits on Netflix after earnings, according to the charts
▼ + stars: | 2024-01-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +6 min

Netflix has recently been crowned the unofficial king of streaming services and it's scheduled to report earnings this evening. The earnings report could be another good one, but the stock technicals are flashing some warning signs for long-term investors. From a fundamental standpoint, NFLX has been anointed 'the one' in the streaming space after delivering on multiple initiatives. Combined that with such strong projected growth rates creating a stretched forward valuation making investors even more cautious. At the current price of $486.50 and an expectation of $15.94 in earnings, that puts NFLX at 30.50 times 2024 earnings.

Persons: NFLX, Julius de Kempenaer, Hope, you'll, Gordon Organizations: Netflix, Tactical Alpha, Edge, candlestick Locations: I'm

(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.

Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, ’, Paris, New Hampshire, Dixville

☆ Watch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan Shue
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.

Persons: Oppenheimer's Ari Wald, Wilmington Trust's Meghan Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington, Wilmington Trust Locations: Wilmington

☆ Expect a broadening of leadership in equities to cyclical sectors, says Wilmington Trust's Shue
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a broadening of leadership in equities to cyclical sectors, says Wilmington Trust's ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.

Persons: Wilmington Trust's Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington Trust Locations: Wilmington

☆ Iowa called for Trump almost immediately, by everyone
▼ + stars: | 2024-01-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump is projected to have won the Iowa caucuses, kicking off his quest to return to the White House with a resounding victory in the first state to vote in 2024. Based on early results and with many precincts still tabulating results, multiple news networks projected that Trump was projected to win the Iowa Republican caucuses. Texas Sen. Ted Cruz sprang from low digits early in Iowa to narrowly win the caucuses on the back of an impressive organization. Trump blew out the field in New Hampshire, reasserting his frontrunner status and eventually closing Cruz out. AdvertisementIt makes sense then that Trump, according to multiple reports, will delay campaigning in New Hampshire on Tuesday.

Persons: Donald Trump, Trump, DeSantis, Kim Reynolds, Iowans, Ben Jacobs, Texas Sen, Ted Cruz, reasserting, Cruz, Chris Sununu's, Chris Christie, Jean Carroll Organizations: Service, White, Business, Iowa Republican, Gov, Texas, Former New Jersey Gov Locations: Iowa, New Hampshire, Granite State, York, New York

☆ John Kerry Bows Out as U.S. Climate Envoy
▼ + stars: | 2024-01-13 | by ( Lisa Friedman | More About Lisa Friedman | ) www.nytimes.com time to read: 1 min

John Kerry, President Biden’s special envoy for climate, plans to step down from the Biden administration by spring, according to two people familiar with his plans. Mr. Kerry, 80, has served as the president’s top diplomat on climate change since early 2021, working to cajole governments around the world to aggressively cut their planet-warming greenhouse gas emissions. He led the U.S. negotiating team through three United Nations climate summits, reasserting American leadership after the country withdrew from the Paris climate agreement during the Trump administration. Mr. Kerry championed cooperation on global warming between the United States and China, the world’s two largest polluters, during times of tension.

Persons: John Kerry, Biden’s, Biden, Kerry, Trump Organizations: U.S Locations: Nations, Paris, United States, China

☆ Six industrial-focused stocks in the portfolio — and why we like each one of them
▼ + stars: | 2023-12-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

CAT YTD mountain Caterpillar YTD Caterpillar shares have been on a wild ride this year — trending higher initially and then sinking into late spring; ripping higher to records and hitting another rough patch. DD YTD mountain DuPont YTD DuPont is levered to housing, which we all feel better about after last Wednesday's Fed meeting. ETN YTD mountain Eaton YTD Since our November meeting, we swapped out Emerson Electric for Eaton because we didn't trust Emerson after a one-two punch of a hostile takeover and a not-so-hot quarter. HON YTD mountain Honeywell YTD Honeywell recently bought a terrific industrial security business from Carrier for $4.95 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Ed Breen, Breen, that's, Emerson, Eaton, It's, Carrier, Vimal Kapur, Kapur —, Linde, We're, Linde's, I'm, Decker, Stanley Black, Stanley, SWK, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Caterpillar, CAT, DuPont YTD DuPont, Fed, DuPont, Emerson, Broadcom, Honeywell YTD Honeywell, Carrier, Honeywell, LIN, Nasdaq, Linde, Exxon, ETN, Eaton Corporation, NYSE Locations: U.S, Eaton, Emerson

SAN FRANCISCO (AP) — Sometimes it can be easy to forget that President Joe Biden's original foreign policy priority was reasserting American influence in Asia. "The United States remains vital to the future of the region, and the region is more vital than ever to the United States of America," he told a gathering of business executives during one of the summit's many receptions. “From here in San Francisco, America reaches out all across the Pacific, building bridges mightier than the Golden Gate,” he said. Protesters calling for a cease-fire in Gaza shut down all vehicular traffic heading into San Francisco over the Bay Bridge. “We will be glad to see a confident, open, ever-growing and prosperous United States,” he said.

Persons: Joe Biden's, Biden, “ That’s, He's, Donald Trump, ”, Yoon Suk Yeol, Kishida Fumio, Xi Jinping, Xi, “, ” Biden, Yun Sun, Aisha Nizar, San Francisco ”, ___, Colleen Long Organizations: FRANCISCO, Ukraine, Republican, Economic Cooperation, South Korean, Chinese Communist Party, U.S, Xinhua, China Program, Stimson, Palestinian Youth Movement, Biden wasn't, China, Associated Press Locations: American, Asia, Russian, Israel, San Francisco, United States, United States of America, Europe, America, China, Beijing, Bali , Indonesia, Iran, San Francisco ., Washington, Ukraine, Gaza, Bahrain, Fiji, Japan, Mexico, Peru

☆ Opinion: If only Trump’s Mandela comparison were the most outrageous thing he’s said
▼ + stars: | 2023-10-24 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +5 min

CNN —This week, at a campaign stop in New Hampshire, former President Donald Trump compared himself to Nelson Mandela. It doesn’t take a whole lot of historical knowledge to know that Trump is no Nelson Mandela. And anyone who has the gall and the gargantuan ego to compare themselves to Nelson Mandela is probably no Nelson Mandela. Trump made the Mandela comparison because he is facing so many criminal charges, which he says are politically motivated. “I don’t mind being Nelson Mandela, because I’m doing it for a reason,” he told his New Hampshire audience.

Persons: Donald Trump, Nelson Mandela, Jill Filipovic, Trump, ”, Mandela, ” Michael Cohen, statesmanlike, stokes, Barack Obama, Obama, reasserting, Benjamin Netanyahu, wouldn’t, it’s Organizations: CNN, Trump, New, South Africa’s, America Locations: New Hampshire, South Africa, South, Gaza, Israel, America

☆ Ukraine retakes more territory in the east, south in counteroffensive
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Colonel General Oleksandr Syrskyi, Commander of Ground Forces/via REUTERS Acquire Licensing RightsSept 18 (Reuters) - Ukraine reported on Monday its troops had recaptured more territory on the eastern front and advanced in the south in its military counteroffensive against Russian forces. Kyiv's troops have liberated 51 square km (19 square miles) near Bakhmut since the start of the counteroffensive, Maliar said. Ukrainian forces are trying to advance toward the Sea of Azov in a southern drive intended to split Russian forces retook 5.2 square km (two square miles) in the past week, said Maliar. Overall, Ukraine regained more than 260 square km (100 square miles) in the south during the counteroffensive, she said. During its three-month-old counteroffensive, Ukraine has reported slow, steady progress against entrenched Russian positions, retaking a string of villages and advancing on the flanks of Bakhmut, but taking no major settlements.

Persons: Oleksandr Syrskyi, Hanna Maliar, Maliar, Volodymyr Zelenskiy, Anna Pruchnicka, Michael Perry Organizations: Ground Forces, REUTERS Acquire, Russian, Deputy, Thomson Locations: Klishchiivka, Ukraine, Bakhmut, Andriivka, Donetsk, Ukrainian, Avdiivka, Azov, Russia

☆ Affordable Housing Crisis in US West: Why It's Hard to Build New Homes
▼ + stars: | 2023-09-13 | by ( Kyle Paoletta | ) www.businessinsider.com time to read: +15 min

The solution to keep prices under control seems fairly simple: Just build more housing. For a time, sprawl boosted housing supply and accommodated newcomers to the West: Nearly 60 million more people live in the region now compared with the 1950s. Running out of landWhen the economy crashed in 2008, housing construction screeched to a halt. All this red tape has caused a serious slowdown in much-needed housing construction. Build, build, buildDespite the unique challenges of building in the paradoxically wide-open West, some cities have been able to break through.

Persons: Mike Segrest, Megan Lawson, Kyle Stevens, Carrier Johnson, “, Lawson, Land Management . Nevada Sen, Catherine Cortez Masto, Kyle Roerink, Hillary Schieve, Schieve, Howard Blackson, Kyle Paoletta's Organizations: Forest Service, Southern Ute, Marin Headlands, Bureau, Land Management ., Water Network, Biggest, Biggest Little City, Housing Administration, Harper's Magazine, New York Magazine, Oasis Locations: Colorado, Durango ., it's, Animas, San Juan Mountains, Durango, Las Vegas, Montana, Houston, Minneapolis, Rocky, Phoenix, Denver, Mississippi, San Diego, San Jose , California, Marin County, San Francisco, Santa Fe , New Mexico, Jackson , Wyoming, California, Land Management . Nevada, Vegas, Reno , Nevada, Reno, Cumulatively, Biggest Little, Summit, Washington

☆ Fighting in Ethiopia's Amhara kills at least 183, UN says
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

GENEVA, Aug 29 (Reuters) - Fighting between Ethiopia's military and militiamen in the Amhara region has killed at least 183 people, the UN human rights office said on Tuesday, providing the most comprehensive independent death toll to date of the month-long conflict. The conflict has been fuelled by accusations among many in Amhara, Ethiopia's second most populous region, that the government is trying to undermine its security. At least four people were killed in fresh fighting that erupted in the town of Debre Tabor on Sunday, two doctors said. The clashes broke out about a week after Ethiopia's military entered the town, one of the doctors said. The other doctor said at least seven people had died - three civilians and four police officers, who were fighting in support of the military.

Persons: Emma Farge, Dawit, George Obulutsa, Aaron Ross, Nick Macfie Organizations: UN, Thomson Locations: GENEVA, Amhara, Ethiopia's, Fano, Debre Tabor, Geneva, Addis Ababa

☆ C$ hits 3-week low as 'cracks' emerge in Canada's economy
▼ + stars: | 2023-08-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie," is pictured in this illustration picture taken in Toronto, January 23, 2015. "The (U.S.) dollar is reasserting itself as the champion of the currency market and the Canadian dollar is just caught in that wave," said Adam Button, chief currency analyst at ForexLive. S&P Global's measure of Canadian manufacturing activity edged higher last month to 49.6 from 48.8 in June. Canada's employment report for July, due on Friday, could offer further clues on the strength of domestic activity. The price of oil, one of Canada's major exports, edged lower on signs of profit-taking after a rally in July.

Persons: Mark Blinch, Adam Button, Fergal Smith, Jonathan Oatis Organizations: REUTERS, greenback, PMI, Canadian, U.S, ., Thomson Locations: Toronto, TORONTO, U.S

Helsinki, Finland CNN —More than 500 days after Russia launched its invasion of Ukraine, the war loomed over President Joe Biden’s weeklong, three-stop trip to Europe. Drama over Ukraine’s membershipUkraine was the top agenda item for NATO leaders in Vilnius, and the discussion of a pathway for the war-torn country to join the alliance prompted division among leaders. After meeting with Zelensky for more than an hour, Biden told reporters that he was able to reassure his Ukrainian counterpart. The former president raised the prospect of withdrawing from the alliance multiple times in 2018, The New York Times reported. I don’t think NATO’s ever been stronger,” Biden said during his meeting with Finland’s President Sauli Niinistö

Persons: Finland CNN —, Joe Biden’s weeklong, reasserting, Biden, Jens Stoltenberg, Ulf Kristersson, Recep Tayyip Erdoğan Monday, Erdoğan, ”, Volodymyr Zelensky, Zelensky, Donald Trump’s, Trump’s, –, ” Biden, Trump, Rishi Sunak, King Charles III, Putin, “, Stoltenberg, Wang Wenbin, Biden “, “ I’ve, Sauli Niinistö Organizations: Finland CNN, Russia, NATO, Zelensky, Vilnius University, Nordic, Senate, The New York Times, Foreign Affairs, Foreign Ministry, Microsoft, House, Lithuania, State, Government Locations: Helsinki, Finland, Russia, Ukraine, Europe, Washington, Turkey, Sweden, Ankara, Vilnius, London, Finnish, China, Beijing, Asia, Indonesia, Hiroshima

☆ England & Wales Cricket Board apologises over racism and sexism
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

June 26 (Reuters) - (This June 26 story has been refiled to fix the spelling of 'apologises' in the headline)The England and Wales Cricket Board (ECB) on Monday apologised "unreservedly" to those who faced discrimination in the game after the Independent Commission for Equity in Cricket (ICEC) released a report finding evidence of racism across the sport. The report found the cricket boards had failed to prevent "structural and institutional racism, sexism and class-based discrimination", and the ECB acknowledged the need for change. "Cricket should be a game for everyone, and we know that this has not always been the case. Powerful conclusions within the report also highlight that for too long women and Black people were neglected. Reporting by Pearl Josephine Nazare in Bengaluru; additional reporting by Angelica Medina Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Richard Thompson, Thompson, Clare Connor, Zahida Manzoor, Pete Ackerley, Ebony Rainford, Brent, Ron Kalifa, Richard Gould, Caroline Dinenage, Pearl Josephine Nazare, Angelica Medina, Christian Radnedge Organizations: Wales Cricket Board, Independent Commission, Equity, Cricket, ECB, Media, Sport, Thomson Locations: England, Bengaluru

☆ The Fed could enact a 'substitute' interest rate hike at its June meeting
▼ + stars: | 2023-05-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Federal Reserve officials could talk tough enough at their June meeting that it would amount to a de facto interest rate hike. "All Fed officials are being careful not to exclude a June hike with more data to come and we would not completely exclude this either," he added. A "substitute" hike could see the rhetoric out of the June meeting reasserting the Fed's stern commitment to fighting inflation and disinclination toward easing anytime soon. But some taming in the inflation data , stronger economic signals and repeated statements from central bankers that cuts are not in their forecast have caused a shift. Fed fund futures contracts are implying a 4.585% funds rate by the end of the year, from the current 5.08%.

☆ Trump says he will pardon many involved in Jan. 6 attack
▼ + stars: | 2023-05-11 | by ( Nathan Layne | ) www.reuters.com time to read: +3 min

[1/2] Former U.S. President and Republican presidential candidate Donald Trump reacts after arriving at Aberdeen International Airport in Aberdeen, Scotland, Britain May 1, 2023. REUTERS/Russell CheyneMay 10 (Reuters) - Former President Donald Trump again refused to acknowledge that he lost the 2020 election and said he would pardon many supporters convicted for their involvement in the Jan. 6 attack on the U.S. Capitol in a contentious CNN town hall on Wednesday. Trump declined to express regret for the deadly attack on the U.S. Capitol when supporters sought to prevent Congress for ratifying the election result, and he repeated his plan to pardon individuals involved if voters return him to the White House in 2024. I can't say for every single one because a couple of them probably they got out of control," Trump said. Trump and Collins frequently interrupted each other with Collins challenging a number of the former president's false claims about the 2020 election and the attack on Jan. 6 which followed a speech he gave outside the White House that day.

☆ Here's what to expect from today's Federal Reserve announcement
▼ + stars: | 2023-05-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 22, 2023. None of those figures are satisfactory for Fed officials. "Most Fed officials don't seem comfortable that the rate hike cycle is over," Citigroup economist Andrew Hollenhorst said in a note. The next Fed policy meeting comes in six weeks, on June 13-14, and April's consumer price report is due in one week, on May 10. This Fed meeting is crucial."

☆ Biden Says He Has a ‘Job to Finish,’ Downplaying Concerns Over His Age
▼ + stars: | 2023-04-26 | by ( Katie Rogers | ) www.nytimes.com time to read: +1 min

WASHINGTON — President Biden on Wednesday dismissed polling that suggests Americans are not interested in seeing a rematch between him and former President Donald J. Trump, saying he has a “job to finish” in bolstering the economy and reasserting U.S. leadership abroad. “I may not be the only one, but I know him well and I know the danger he presents to our democracy,” Mr. Biden said of his predecessor. He added that he probably would have decided to run again even if Mr. Trump had not entered the race. Recent polls show that Democrats are deeply ambivalent about Mr. Biden running again. They are broadly pleased with his job performance, but in addition to concerns about the president’s age, they want to see him clear the way for a younger generation of Democratic leaders to step up.

☆ U.S. Begins Planning for 6G Wireless Communications
▼ + stars: | 2023-04-21 | by ( John D. Mckinnon | ) www.wsj.com time to read: 1 min

The next generation of wireless telecommunications, years away from deployment, could pave the way for global internet access still unavailable with the current 5G standard. Photo: Tang Ke/Costfoto/Future Publishing/Getty ImagesWASHINGTON—The Biden administration is beginning to plan for 6G wireless telecommunications, seeking to expand internet access while reasserting U.S. leadership in a sector where China has notched gains. The White House on Friday will meet with corporate, government and academic experts to begin developing goals and strategies for the new 6G communications technology, which would have the ability to take cloud computing and the mobile internet to true global ubiquity, among other improvements.

☆ A 2nd round of layoffs at Meta and Amazon shows companies are taking back their power — and they may not stop there
▼ + stars: | 2023-03-21 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Meta and Amazon have announced two series of mass layoffs in the span of months. After years of companies trying to attract and placate workers amid a labor shortage, businesses are reasserting some of their power. "We read about two rounds of layoffs now and shrug and say, 'When's the third?'" Drew Angerer/Getty ImagesIt's rare for a company to conduct multiple rounds of layoffs, according to data from Crunchbase. Amazon and Meta did it, so it won't stand out as much."

☆ Premarket stocks: The Federal Reserve is testing how climate change could hurt big banks
▼ + stars: | 2023-01-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous climate change scenarios could have on their bottom lines. The Federal Reserve first announced the pilot program in September, noting that Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo would participate. In its announcement the Federal Reserve stressed that the exercise “is exploratory in nature and does not have capital consequences.” It also said that it would not publish individual banks’ results. San Francisco Federal Reserve President Mary Daly told CNN in October Thursday that this was a learning and exploratory exercise for the Federal Reserve. The other side: Critics of the pilot program have argued that the Federal Reserve was overstepping its boundaries and that they might soon begin to enforce financial penalties.

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