Economics Archives - Page 47 of 276

2 minute read

Fed Keeps Interest Rates Unchanged, Drops References To Future Hikes, Dampens Hopes For Near-Term Cuts

January 31, 3:06 PM

The Federal Reserve maintained interest rates between 5.25% and 5.5% Wednesday during its first meeting of 2024, aligning with market predictions.

BTC

2 minute read

Nasdaq, S&P 500 Slip Ahead Of Fed Meeting, Regional Banks Sink After NYCB Disappoints: What’s Driving Markets Wednesday?

By Piero Cingari

January 31, 1:45 PM

Nasdaq down 1.4%, S&P 500 down 0.9%, Dow up: Volatile day on Wall Street as tech stocks react to disappointing earnings ahead of Fed meeting.

ADP

2 minute read

Unexpected Slowdown In Private Job Growth For January: ‘The Economy Is Heading Towards A Soft Landing’

By Piero Cingari

January 31, 11:13 AM

US private sector hiring slows in Jan 2024, as wage growth decelerates. ADP report seen as precursor to govt's jobs data due Friday. Stocks down.

AMD

3 minute read

All Eyes On Fed As Markets Brace For Powell Remarks On 2024 Rate Cuts

By Piero Cingari

January 31, 10:33 AM

The Fed's first FOMC meeting of 2024 is highly anticipated, with a 47% chance of a rate cut in March and concerns about inflation and asset bubbles.

SPY

3 minute read

Nasdaq Futures Plummet As Alphabet, AMD Disappointments Sour Sentiment; Spotlight Shifts To Fed Statement, Powell’s Presser

By Shanthi Rexaline

January 31, 8:47 AM

The record run of the market faces risk as the big tech earnings season got off to a negative start, casting cloud on profit outlook.

AMD

2 minute read

Energy Stocks ‘A Hedge Against Things Getting More Out of Control’ In Middle East, Says Veteran Investor

By Piero Cingari

January 30, 5:32 PM

Ed Yardeni suggests owning energy stocks to hedge against oil price shocks due to geopolitical volatility. He also discusses tech sector concentration and Fed's policy dilemma.

XLE

2 minute read

Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook

By Neil Dennis

January 30, 4:15 PM

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%.

DHI

2 minute read

Could IBM’s Return To Office ‘Or Else’ Be Code For Poor Performance?

By Neil Dennis

January 30, 2:37 PM

Work from home policies are being unwound by an increasing number of firms such as IBM, while others, such as Nvidia, maintain the policy.

ABNB

2 minute read

US Stocks Ease Ahead Of Key Tech Earnings, UPS Sinks, General Motors Rallies: What’s Driving Markets Tuesday?

By Piero Cingari

January 30, 2:31 PM

Traders cautious ahead of tech earnings & FOMC meeting. S&P 500 & Nasdaq 100 down, Dow slightly up. Dollar & Treasury steady. JOLTS & home price data positive. UPS falls 7%, GM up 8%, Danaher up 3.5%, MSCI up 10%, Lucid up 10%, Schlumberger down 8%.

AMD

3 minute read

AI Growth, Lower Interest Rates Foil Recession Threats In 2024, Says IMF

By Neil Dennis

January 30, 1:51 PM

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.

BOTZ