A turbulent week on Wall Street ends with a “Thank Goolsbee, it’s Friday” rally, after the Chicago Fed President used a CNBC appearance to refocus investors’ attention on the still-encouraging trend in inflation and the likelihood that interest rates still have room to be trimmed in the context of a healthy economy. Friday’s 1.1% relief…
Japan ,Tokyo City skyline, Tokyo Tower. Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific stocks and currencies fell Thursday, amid a broader market sell-off after the U.S. Federal Reserve delivered its third consecutive rate reduction and signaled fewer rate cuts ahead. Investors assessed the Bank of Japan’s decision to keep its policy…
Traders work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty Images Stock futures were little changed Wednesday night as investors absorbed a new, sobering reality for financial markets. Trading was volatile after the regular session’s panic surrounding the Federal Reserve’s revised outlook for interest rates next year. Futures…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Dow Jones Industrial Average posted its longest daily decline since 1974 in the…
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target…
View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets were mostly down on Monday, reversing earlier gains with investors looking to several major central back decisions due this week including the Bank of Japan and the People’s Bank of China. The Federal Reserve’s decision…
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images China stocks led losses in Asia Friday as Beijing’s affirmation of its recent policy shifts and plans to boost growth, following a high-profile meeting Thursday, appeared to have fallen short of investors’…
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter…
Stocks could be in store for a correction in 2025 as inflation remains persistently above the Federal Reserve’s 2% target, according to Stifel Financial. The investment bank forecast that the S & P 500 index will fall to the mid 5,000 support level in the middle of next year, equal to a 10% to 15%…
Australia Matteo Colombo | Digitalvision | Getty Images Asia-Pacific markets were mostly higher Wednesday, following gains on Wall Street that saw the Nasdaq Composite surge to record highs after November’s inflation report met expectations. Traders in Asia assessed jobs data from Australia, which showed the country’s unemployment rate fell to an 8-month low of 3.9% in November,…