In a surprising turn of events, former New York Federal Reserve President Bill Dudley has advocated for rate cuts by the Fed in the upcoming week, marking a stark departure from his previous stance supporting a “higher-for-longer” rate regime. Dudley cited changing economic conditions as the primary reason behind his shift in perspective, emphasizing the
Evolving
As we transition into the new year, many workers are starting to feel the effects of a cooling job market on their annual raise prospects. Recent data from a consulting firm indicates that the typical worker can expect to see a decrease in their pay raise percentage for 2025 compared to the previous year. This
The U.S. Treasury yields experienced a slight dip recently, as investors closely monitor the economic outlook in anticipation of key data releases. Of particular interest are the upcoming second-quarter GDP figures and June’s personal consumption expenditures price index, which serves as the Federal Reserve’s preferred inflation gauge. These reports will provide valuable insights into potential
Berkshire Hathaway recently made a strategic move by trimming its gigantic Bank of America holding for the first time in 4½ years. This decision came after Bank of America’s strong 2024 run, where Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This marked a significant
Netflix, Inc. reported a substantial increase in its second-quarter earnings, showcasing its dominant position in the streaming industry. The company exceeded expectations by reaching 277.65 million global paid memberships, marking a significant 16.5% year-over-year growth. Additionally, revenue surged by 17% to $9.56 billion, driven by a combination of membership expansion and a remarkable 34% increase
Federal Reserve Governor Christopher Waller recently stated that interest rate cuts may be on the horizon, pending no major surprises in inflation and employment data. This cautious optimism is in line with other policymakers’ statements, hinting towards a potential rate cut in the near future. Waller emphasized the need to closely monitor economic indicators in
In the recent analysis of the Nikkei 225 chart, it was reported that the index was experiencing a significant upward trend, as indicated by the blue channel. The price had surged to a yearly high above 42,500 points on 10th July, following a notable increase of more than 6%. However, a subsequent decline occurred after
The recent attempted assassination of former President Donald Trump has sent shockwaves through the global markets, with Asian assets being the first to react to the news. This incident has further intensified the already high political tension in the U.S., raising questions about the potential impact on trading and investing in Asia. This article will
The recent shooting at former President Donald Trump’s election rally has generated significant speculation about its impact on the upcoming presidential election. Investors believe that this incident may increase Trump’s chances of winning back the White House. The first shooting of a U.S. president or major party candidate since 1981 could potentially upend the Nov.
The recent fall of the dollar against the yen for two consecutive days has raised concerns about Japan’s possible intervention in the currency markets. Meanwhile, global equities saw a rise as investors shifted their attention towards the anticipated U.S. Federal Reserve interest-rate cuts. The fluctuation in the benchmark 10-year U.S. Treasury yield, following the release
The GBP/USD pair is currently showing signs of strength as it trades above the 1.2900 resistance level. A key bullish trend line is forming with support near 1.2910 on the hourly chart. The pair has successfully climbed above the 50-hour simple moving average and the 1.2900 mark. Despite a minor decline, the bulls have managed
China’s imports experienced a decline of 2.3% in June, falling short of expectations of slight growth. On the other hand, exports saw a rise of 8.6%, surpassing the forecasted 8% growth. These figures have resulted in year-to-date imports increasing by 2% and exports by 3.6% in the first six months when compared to the same
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