Goldman Sachs Pushes Back Fed Rate Cut Timeline After Powell’s ‘Strong Signal’
Goldman Sachs adjusts prediction for first Fed rate cut from March to May following Powell's hawkish stance on inflation and monetary policy.
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.
Nasdaq Futures Rebound As Traders Eye Apple, Meta, Amazon Earnings: Analyst Flags ‘January Barometer’ That Bodes Well For The Year
After ending January with modest gains, the major averages now look to earnings catalysts to drive momentum, with futures higher in first trading session of February.
Investor Sentiment Falls Sharply Following Fed’s Rate Decision; Dow Dips Over 300 Points
The CNN Money Fear and Greed index showed a sharp decline in the overall market sentiment, while the index remained in the "Greed" zone on Wednesday.
Economist David Rosenberg Says Recession Hiding In UPS Earnings: ‘Tough To Buy Into That Q4 Government-Massaged GDP Data’
Government data underlines the resilience of the U.S. economy, although other indicators of growth have flagged concerns.
Powell Chills Investors: ‘I Don’t Think Likely We Will Have A Rate Cut In March’; Stocks Sink In Response
Federal Reserve keeps rates unchanged, signaling a pause in tightening. Rate cuts not yet appropriate until inflation moves sustainably to 2%, Powell says.
Fed Keeps Interest Rates Unchanged, Drops References To Future Hikes, Dampens Hopes For Near-Term Cuts
The Federal Reserve maintained interest rates between 5.25% and 5.5% Wednesday during its first meeting of 2024, aligning with market predictions.
Nasdaq, S&P 500 Slip Ahead Of Fed Meeting, Regional Banks Sink After NYCB Disappoints: What’s Driving Markets Wednesday?
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.
‘Magnificent 7’ Tumble As $300B Vanish On Bleak AI Earnings: Could The Fed Make Things Worse?
Tech giants lose $270 billion in market value as 'Magnificent Seven' stocks suffer from disappointing earnings reports and investor concerns over interest rate changes.
AI Hype Meeting Reality, Fed Under Political Pressure To Cut Rates Quickly
AI Hype Meets Reality