Markets Believe The Fed Got It Wrong: Rate Cut Reluctance Rattles Investors
Stocks drop after Fed's announcement: no rate cut in March. Tech, consumer goods, small caps hit hardest. Expectations for rate cut in early 2024.
Russian Oil Hits US Shores Under Sanction-Busting Loophole
Oil was shipped from Russia to the Bahamas prior to the U.S. ban. It was then blended with oil from other destinations, diluting its origin.
‘It’s Terrible’: Meta’s Zuckerberg Apologizes To Families Of Online Child Abuse Victims At Senate Hearing
Meta CEO apologizes for child abuse on social media, after being accused of having 'blood on his hands'. Parents of victims present at Senate hearing.
Oil’s Comeback: Middle East Turmoil Pumps Life Into 2024 Markets
Oil prices rise in response to Middle East tensions and risks of conflict. US crude up 8% in 2024, Brent up 6%, US Oil Fund up 9.2%.
Take Your Ozempic: Why Late Entry Of Rival Weight-Loss Drugs Won’t Floor Novo, Eli Shares
Eli Lilly to report strong Q4 earnings thanks to successful diabetes treatments, while rivals like Novo Nordisk and Pfizer are also vying for a share of the weight-loss market.
Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook
Rising mortgage rates in 2023 led to 28-year low in US home loan applications. Cash sales became popular as mortgage rates rose to 6.69%.
Could IBM’s Return To Office ‘Or Else’ Be Code For Poor Performance?
Work from home policies are being unwound by an increasing number of firms such as IBM, while others, such as Nvidia, maintain the policy.
AI Growth, Lower Interest Rates Foil Recession Threats In 2024, Says IMF
Fears of a severe economic downturn are fading as economic growth continues to outpace expectations. The U.S. economy is likely to grow by 2.1% in 2024 says International Monetary Fund.
China Market Collapse Resumes As Government Fails To Put Brakes On Stock Dump
Political, not economic, concerns are weighing most on China's equity markets
‘We Stay The Course On Meta And Amazon’: Analysts Preview Tech Earnings
RBC is looking for acceleration in Amazon's AWS cloud offering and expects increasing adoption of Advantage+ to be a key driver of Meta.