Economics Archives - Page 166 of 276

1 minute read

Weekly Jobless Claims Rise Slightly More Than Expected: What You Need To Know

May 4, 8:54 AM

The number of Americans registering for unemployment benefits rose by 13,000 to 242,000 in the week ending April 29, the U.S. Labor Department reported Thursday. The outcome was slightly above market estimates of 240,000.

SPY

1 minute read

ECB Hikes Interest Rates To 2008 Levels As Inflation Remains ‘Too High’

By Piero Cingari

May 4, 8:27 AM

The European Central Bank raised its key interest rates by 0.25% Thursday, as broadly expected by the market, increasing the marginal lending facility rate to 3.75%, the highest since the end of 2008.

EZU

4 minute read

US Stocks Set For Mixed Open As Banking Jitters Dampen Apple Earnings Buzz: Analyst Advises ‘Cautious Optimism’

By Shanthi Rexaline

May 4, 7:00 AM

With so much going on in the banking space, sentiment continues to remain jittery. The index futures point to a mixed opening on Thursday, as the tech space exuded optimism ahead of Apple, Inc.’s (NASDAQ: AAPL) earnings report.

AAPL

2 minute read

Bill Ackman Warns No Regional Bank Can Survive Current Crisis: ‘Running Out Of Time To Fix The Problem’

By Shanthi Rexaline

May 4, 2:09 AM

The current banking crisis has claimed the scalp of three banks and another is teetering on the brink.…

AAPL

2 minute read

Jeffrey Gundlach Says Bond Market Hinting At Rate Cuts By Year-End: Recessionary Odds ‘Pretty Darn High Right Now’

By Bhavik Nair

May 4, 12:54 AM

DoubleLine Capital’s Jeffrey Gundlach reportedly stated the bond market is hinting there’s going to be rate cuts by…

QQQ

2 minute read

Federal Reserve Hikes Interest Rates 0.25%, Says Future Policy Is Data-Dependent

By Piero Cingari

May 3, 2:18 PM

The Federal Reserve raised the fed funds rate by 25 basis points to a range of 5%-5.25% Wednesday, delivering the eleventh hike in the tightening cycle and bringing the cost of borrowing to the highest since August 2007.

DIA

4 minute read

Nasdaq, S&P 500 Futures Tick Up Ahead Of Fed Decision Today: JPMorgan Analysts See 1% Rally On Most Probable Outcome

By Shanthi Rexaline

May 3, 7:04 AM

U.S. stocks appear poised for a stronger open on Wednesday following the sharp retreat in the previous session. The modest strength has come despite some disappointing earnings reports.

AMD

2 minute read

Investors Reduce 2023’s Rate Cut Bets Ahead of FOMC: Analysts Now Expect Fed On Hawkish-Hold Mode For Longer

By Piero Cingari

May 2, 12:59 PM

Speculators' bets on Federal Reserve rate cuts in the second half of 2023 have been dwindling lately, as economists predict policymakers to stay in a hawkish-hold mode for longer than expected owing to sticky inflation and diminished r

SHY

2 minute read

US T-Bill Yields Surge As Debt-Ceiling Concerns Fuel Investor Anxiety, Default Insurance Costs Reach 2009 Highs

By Piero Cingari

May 2, 8:58 AM

U.S.

BIL

4 minute read

Stock Futures Signal Muted Open As Fed Starts 2-Day Meet Today: Analyst Sees ‘Good Chance’ Of New Highs

By Shanthi Rexaline

May 2, 7:00 AM

Trading in the index futures suggests a nervous opening on Tuesday as Federal Reserve Chairman Jerome Powell and his team begin a two-day monetary policy meeting.

AMD