Ray Dalio Warns Of US-China Economic Sanctions, Stresses Diversification
Dalio warns of escalating US-China tensions and importance of diversification amid global risks. Economic and political upheaval possible.
Are More Americans Looking For A Job? Here’s What The Next Employment Report Might Show
U.S. labor market shows signs of slowdown, with fewer job openings and weaker hiring in May.
Bank Of Canada Cuts Rates By 0.25% As Policy ‘No Longer Needs To Be Restrictive’: Canadian Stocks Rally, Loonie Drops
Bank of Canada lowers interest rates by 25 basis points in response to easing inflation, with Canadian stocks and dollar reacting accordingly.
Services Sector Activity Strongly Expands In May: ‘Notable Higher Business Activity, Faster New Orders Growth’
The U.S. service sector sentiment expanded in May, reversing April's decline. The ISM reported strong growth in business activity and new orders. Employment is still a challenge. Stocks hold gains but bond yields rise.
152,000 New Jobs Added In May, Missing Expectations: ‘Notable Pockets Of Weakness’
"The labor market is solid, but we're monitoring notable pockets of weakness," Nela Richardson, chief economist at ADP, said.
Wall Street Looks To Extend Gains As Traders Eye More Jobs Data: Why This Analyst Sees 4% S&P 500 Rise In June
U.S. stocks are gearing up for a cautiously optimistic start on Wednesday after a late-session recovery led to a positive close in the previous session.
Lauren Goodwin Dismisses Stock Market Correction Fears Amid Recession Concerns: ‘We Have A Bit Of Room To Run’
Goodwin's analysis came on the heels of a bond market rally, with long-dated U.S. Treasuries breaking above a key downtrend.
Mohamed El-Erian Says Another Indicator Consistent With His View That The Economy Is ‘Slowing More Than Many Expect, Including The Federal Reserve’
Mohamed El-Erian, the chief economic advisor at Allianz, took to X, formerly Twitter, to highlight a significant economic…
Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, ‘Bearish’ OPEC+ Meeting
Oil prices drop for 5th day due to economic growth concerns & OPEC+ supply decision. U.S. economic data raises fears of slowdown, affecting demand.
Stocks Dip Even With Traders Hopeful For September Rate Cut; Bonds Extend Rally, Oil Plummets: What’s Driving Markets Tuesday?
Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets.