Most Asian Shares Reverse Early Losses after Us Fed Raises Rates by A Quarter Point
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Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.The New York Times - Business - Federal Reserve -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
Commercial real estate is itching for a rebound two years after start of Fed rate hikes
Demand for office leases is picking up, but interest rates are still a wild card.MarketWatch - Business - Federal Reserve -
Mumbai becomes Asian capital with most billionaires, bumping Shanghai: Report
The city of Mumbai has officially surpassed Shanghai as Asia’s capital with the most billionaires, according to a new Hurun Global Rich List 2024 report. Mumbai, India’s financial powerhouse, now has 92 billionaires, closely edging out Beijing’s ...The Hill - Politics -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.MarketWatch - Business -
U.S. Natural Gas Futures Post Big First-Quarter Losses
U.S. natural gas futures settled higher on a slightly bigger-than-expected 36 Bcf storage draw for last week, but end the first quarter down sharply.The Wall Street Journal - World -
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.MarketWatch - Business -
GDP in fourth-quarter raised to 3.4% due to stronger consumer spending
The final reading of U.S. growth in the 2023 fourth quarter was raised to a 3.4% annual pace, reflecting a surprisingly resilient U.S. economy.MarketWatch - Business -
This is your wallet on Fed rate hikes: 2 years, 4 charts
In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.MarketWatch - Business - Federal Reserve -
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.MarketWatch - Business - Federal Reserve -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
Comex Gold Settles 0.62% Higher at $2190.60, Record High
Gold prices climbed to a new record high.The Wall Street Journal - World -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Israel cancels US visit after UN resolution demands Gaza ceasefire
White House ‘perplexed’ by Netanyahu decision after US abstains in Security Council voteFinancial Times - Business - Israel -
Celtics-Hawks takeaways: C's blow 30-point lead in stunning loss
The Celtics' nine-game win streak was snapped Monday night as they blew a 30-point lead against the Hawks. We share our takeaways from the 120-118 defeat.Yahoo Sports - Sports -
Porzingis gives honest take on Celtics blowing 30-point lead in loss
Kristaps Porzingis didn't sugarcoat things after the Celtics' blown 30-point lead and loss to the Hawks on Monday night.Yahoo Sports - Sports - NBA -
GameStop shares make biggest gain since December ahead of fourth-quarter results
GameStop’s stock ended Monday’s session up 15.4%, registering its largest daily percentage increase since Dec.13, 2023.MarketWatch - Business -
A Lloyd’s of London revival will require more nimble regulation
There is still a fragility to the recent success of the world’s oldest insurance marketFinancial Times - Business -
Angela Rayner refuses to publish tax records as police probe house sale
UK opposition party’s deputy leader issues challenge to Tories: ‘You show me yours, I’ll show you mine’Financial Times - Business -
Military briefing: Ukraine digs deep as Russians advance
Kyiv is building 2,000km of fortifications to hold territory in anticipation of another Moscow offensiveFinancial Times - Business - Ukraine -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.MarketWatch - Business -
Feds offer reward after UnitedHealthcare hack
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story State Department offers bounty for hack information The State Department said it would provide a $10 million reward for information about the ...The Hill - Politics -
Ninja, one of Twitch and YouTube's most popular video game streamers, shares cancer diagnosis
Popular video gaming streamer Tyler Blevins, known as Ninja to his millions of fans online, shared on Tuesday that he has been diagnosed with skin cancer.NBC News - Top stories -
LeBron-less Lakers erase 19-point deficit to stun Bucks in 2OT
A triple-double from Austin Reaves and 34 points-24 boards from Anthony Davis powered L.A.'s 4th-quarter rally while LeBron James watched from the sidelines.Yahoo Sports - Sports - NBA -
Baidu Shares Rise After Reports of Apple Collaboration
Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple.The Wall Street Journal - World - Apple -
Baidu Shares Rise After Reports of Apple Collaboration
Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple.The Wall Street Journal - Tech - Apple -
The WSJ Dollar Index Rises 0.1% to 98.95
The WSJ Dollar Index was up 0.1% to 98.95 — up nine of the past 12 trading days.The Wall Street Journal - World -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Inflation risks appear to be tilting higher, threatening to throw Fed’s rate-cut hopes into disarray
The possibility that U.S. inflation won’t trend much lower is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could trigger ...MarketWatch - Business -
Insurance loss for US bridge collapse could hit $3bn
It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.BBC News - Top stories