Category Archives: Syndicated
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
(CNBC) Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking […]
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’
(CNBC) Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier […]
Ford to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants
(CNBC) Ford Motor and battery supplier SK Innovation plan to invest more than $11.4 billion in new U.S. facilities that will create nearly 11,000 jobs to produce electric vehicles and batteries. To read this article:
Stock futures are muted as investors gauge a spike in bond yields
(CNBC) U.S. stock futures were muted in early morning trading Tuesday following a rise in bond yields the previous day that pressured growth pockets in the market. Dow Jones Industrial Average futures rose just 30 points. S&P 500 futures were […]
Coinbase dives deeper into banking by letting users deposit paychecks into their accounts
(CNBC) Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit paychecks directly into their online accounts. Coinbase said Monday that its U.S. customers will be able to use the direct deposit service for any percentage […]
Evergrande stocks in Hong Kong slide as investors monitor situation; Asia shares rise
(CNBC) Shares in Asia-Pacific were mixed in Monday trade, with investors monitoring stocks related to embattled developer China Evergrande Group. Mainland Chinese stocks were lower by the afternoon, leading losses regionally, with the Shanghai composite 1.3% lower while the Shenzhen […]
Dow futures jump more than 100 points after market ends wild week in the green
(CNBC) Stock futures climbed in early morning trading on Monday as investors braced for the last week of a volatile September. Futures on the Dow Jones Industrial Average rose 145 points. S&P 500 futures and Nasdaq 100 futures both traded […]
Stocks face another turbulent week as the third quarter winds down
(CNBC) After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks posted big moves in the past week. First, fears of financial contagion coming from Chinese developer Evergrande […]
Pelosi says infrastructure bill will pass this week, but the vote may be delayed
(CNBC) U.S. House of Representatives Speaker Nancy Pelosi reiterated Sunday that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline. To read this […]
Half of the Fed members now see the central bank hiking rates next year
(CNBC) Half of the Federal Reserve members now see the first interest rate hike in 2022, according to the central bank’s so-called dot plot of projections. Wednesday’s forecast showed nine of the 18 FOMC members expect a rate hike in […]
Institutional investors stay cautious on crypto, as hedge funds ride bitcoin volatility
(Hedgeweek) As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. To read this […]
Hedge Funds Beat Market After Boosting Short Sales During Rout
(Bloomberg) During the recent stock-market selloff, one category of investors thrived — hedge funds that make both bullish and bearish wagers on equities. While the MSCI World Index is on course for its worst monthly drop in almost a year, […]