A look at the day ahead in U.S. and global markets from Mike Dolan Old and new economy stocks keep Wall Street pumped up this week as tech and steel sectors advance on a mix of tariff news and an artificial intelligence buzz, with Treasuries in thrall to Federal Reserve boss Jerome Powell’s latest trip…
Billionaire Elon Musk suggested in a series of social media posts this past weekend that the Federal Reserve should undergo closer scrutiny, making the comments just days before Fed Chair Jerome Powell is scheduled to testify on Capitol Hill. Musk — who is already roiling Washington as head of the Department of Government Efficiency (DOGE)…
By Lewis Krauskopf, Saqib Iqbal Ahmed NEW YORK (Reuters) -A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump’s tariff plans are endangering Wall Street’s hopes for interest rate cuts this year. The benchmark S&P 500 remained about 1% below…
The January jobs report showed that hiring remained cooled a bit last month, but the unemployment rate slipped to 4% for the first time since May. Average hourly earnings jumped. Cold weather, the Los Angeles fires and labor strikes may have influenced the data. S&P 500 futures were little changed, with Amazon falling after its…
The January jobs report showed that hiring remained cooled a bit last month, but the unemployment rate slipped to 4% for the first time since May. Average hourly earnings jumped. Cold weather, the Los Angeles fires and labor strikes may have influenced the data. S&P 500 futures were little changed, with Amazon falling after its…
A look at the day ahead in U.S. and global markets from Mike Dolan Another forecast miss from a U.S. megacap combines with caution ahead of January’s employment report to keep a lid on stocks into Friday’s open – with buoyant long-dated Treasuries squashing the yield curve to its flattest for the year. Much like…
STORY: Wall Street’s main indexes closed higher on Wednesday as investors brushed off disappointing earnings from Alphabet and weighed the prospect of future interest rate cuts from the Federal Reserve. The Dow gained about seven-tenths of a percent, the S&P 500 added about four-tenths and the Nasdaq ticked up roughly two-tenths of a percent. Google-parent…
US stocks moved higher on Tuesday as investors assessed China’s instant retaliation to US President Donald Trump’s additional tariffs amid worries about the risk of a trade war. Traders also took in fresh jobs data, with job openings declining more than expected in December. Investors are continuing to watch any signs of cooling in the…
WASHINGTON (TNND) — The U.S. Department of Justice (DOJ) on Friday announced it arrested former Senior Adviser for the Federal Reserve Board of Governors (FRB) John Rogers over accusations he worked with China to steal American trade secrets. Rodgers, 63, is a U.S. citizen with a PhD in economics, the DOJ said in a press…
The impact on Asian stocks from tariffs imposed on China by US President Donald Trump will be much more limited compared with a stronger dollar due to the uncertainty over the Federal Reserve’s rate cuts, according to Hang Seng Bank. “The actual impact of Trump’s tariffs on the Chinese economy is limited,” Belle Liang, the…