Category Archives: Syndicated
Stock futures fall as traders weigh another large rate hike from Federal Reserve
(CNBC) U.S. stock futures fell on Thursday morning following a volatile session in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures declined by 109 points, or 0.36%. S&P 500 […]
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
(CNBC) The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring down inflation running near its highest levels […]
2-year Treasury yield surges above 4.1% after Fed hike, highest level since 2007
(CNBC) The yield on the 2-year Treasury note topped 4.1% after the Federal Reserve raised interest rates by another 0.75 percentage point, and surged to its highest level since 2007. The policy-sensitive 2-year Treasury rose 15 basis points to 4.113%, […]
Emerging markets hedge funds battle surging inflation and currency risks
(Hedgeweek) Emerging Markets hedge funds extended Q2 declines through August, with losses again driven by exposure to Russian assets as well as the acceleration of global inflation, rising US interest rates and slowing economic growth, according to the latest data […]
Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most
(CNBC) It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday. The Fed is expected to fire off another […]
Stock futures are flat ahead of the Federal Reserve’s expected interest rate hike
(CNBC) Stock futures were flat Tuesday evening as traders look ahead to Wednesday’s interest rate hike announcement from the Federal Reserve. Dow Jones Industrial Average futures rose by 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.07% […]
Ford stock suffers worst day since 2011 after cost warning, shedding $7 billion in market value
(CNBC) Ford Motor’s stock suffered its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford closed Tuesday at $13.09 […]
Salesforce co-CEO Benioff says there’s ‘no finish line when it comes to security’ after Uber hack
(CNBC) Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce’s Slack chat app. Uber said on Monday that it believed a hacking group […]
Treasury warns against Russia’s efforts to evade sanctions with cryptocurrencies
(CNBC) Russian President Vladimir Putin could use cryptocurrencies to evade U.S. and other sanctions launched against the Kremlin for its unprovoked invasion of Ukraine, a Treasury official told lawmakers Tuesday. “Yes, senator, that’s possible,” Elizabeth Rosenberg, Treasury’s assistant secretary for […]
Stock futures rise slightly with Fed set to kick off September meeting on Tuesday
(CNBC) Stock futures rose slightly on Tuesday morning as Wall Street looked to build on a modest rebound ahead of another rate hike from the Federal Reserve. Futures tied to the Dow Jones Industrial Average inched up 61 points, or […]
Ford warns investors of an extra $1 billion in supply chain costs during the third quarter
(CNBC) Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting […]
10-year Treasury yield jumps to 3.51%, the highest level since 2011
(CNBC) Treasury yields climbed on Monday as traders anticipated the Federal Reserve’s next moves in the face of persistently high inflation. The benchmark 10-year Treasury yield gained 6 basis points to 3.518%, hitting its highest level since April 2011, and […]