Traders work on the floor of the New York Stock Exchange. (Bloomberg) — Bond traders all but scrapped their bets on a December interest-rate cut after the government canceled the publication of the October employment report, leaving Federal Reserve officials without a key piece of economic data before their final meeting of the year. Most…
Investors are keenly awaiting the release of Nvidia’s earnings this week (JUSTIN SULLIVAN) Tokyo and Seoul led equity losses on Tuesday, while bitcoin fell below $90,000 as investors grow increasingly worried about frothy tech valuations, with focus on earnings this week from AI chip titan Nvidia. Building anxiety that this year’s record rally linked to…
The Federal Reserve has already started cutting its rates in 2025, and it’s likely that will continue, to the average American’s benefit — at least for now. Typically, falling interest rates lead to greater borrowing power, which is good for businesses. This often leads to good news for stock market investors, as stocks tend to…
US stock futures were mostly up Sunday evening as investors came off a volatile stretch marked by the government shutdown ending, a stalled rally in the tech sector, and fading hopes for Federal Reserve rate cuts before a crucial update on the US labor market. Dow Jones Industrial Average futures (YM=F) held steady, while contracts…
A former Federal Reserve governor who retired in August listed several stock trades in her financial disclosure documents for 2024 that violated the central bank’s ethics rules. The transactions are outlined in a report released Saturday by the U.S. Office of Government Ethics, which reviewed Adriana Kugler’s financial disclosures after the Fed referred them to…
US stocks recovered from earlier losses on Friday, battling back from Wall Street’s steepest sell-off in over a month as investors await more economic data in the coming days ahead of the Federal Reserve’s next rate decision in December. The Dow Jones Industrial Average (^DJI) slipped around 0.6%. But the S&P 500 (^GSPC) and the…
The inflation fight may be nearing the end, but the political one is just beginning. Former Federal Reserve vice chair Lael Brainard said she would support a rate cut at the central bank’s December meeting, warning that cracks are forming “under the hood” of an economy increasingly defined by an AI-fueled divide. “I would be…
To say this year has been huge for investors is an understatement. Stock prices are near a record. The unrelenting AI boom has cemented Nvidia (NVDA) as a $5 trillion giant. Bitcoin is going mainstream and hitting new heights, though a recent pullback has rattled some bulls. Corporate America has its first $1 trillion compensation…
Imagine, for a moment, America without the Bureau of Labour Statistics (BLS). To some wonks, few scenarios are more terrifying. After President Donald Trump threw a tantrum over weak job figures and sacked the head of the largely apolitical body in August, putting forward EJ Antoni, a partisan figure, to replace her, such a scenario…
Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is headed next. Gold remains on pace for its best year since 1979, driven by central bank purchasing, increased inflows into exchange-traded funds (ETFs), and bar and coin purchases. But…