adminTraders bet on second straight 50 bps Fed rate cut in November
(Reuters) – Traders added slightly to bets the Federal Reserve will deliver a second 50-basis-point interest rate cut in November after a government report Friday showed inflation rose modestly in…
Wall Street fears lower-than-anticipated iPhone demand as shipping times shrink
It’s been a week since Apple’s (AAPL) iPhone 16 lineup went on sale, and Wall Street isn’t happy with the early results. That’s because shipping times for the company’s latest…
Revisions Show US Economy Is Still Flying High
Hard luck for the hard-landers yesterday. Yesterday's GDP report was full of upward revisions: Some of the hard-landers expected GDP to be revised lower after a large gap between GDP…
Fed Governor Lisa Cook Says She ‘Wholeheartedly’ Backed Half-Point Rate Cut
(Bloomberg) — Federal Reserve Governor Lisa Cook said she “wholeheartedly” supported the central bank’s move last week to cut interest rates by a half percentage point, citing a slowing labor…
Oil Heads for Deep Weekly Loss on Prospects for Jump in Supply
(Bloomberg) — Oil extended a sharp two-day drop, putting prices on course for a substantial weekly decline, on prospects of more supply from OPEC members Saudi Arabia and Libya. Most…
Fed Exploring Tying Liquidity to Uninsured Deposits, Barr Says
(Bloomberg) — The US central bank is exploring adjustments to its liquidity framework, including requirements that would aim to protect uninsured depositors. Most Read from Bloomberg The potential rule would…
Brazil Central Bank Lifts 2024 Economic Growth Forecast for Third Time
(Bloomberg) — Brazil’s central bank raised its 2024 growth forecast and now sees the economy expanding in line with the most optimistic estimates, corroborating its decision to start an open-ended…
US economic growth, corporate profits revised higher in 2023
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite hefty interest rate increases from…
US economy grew at a solid 3% rate last quarter, government says in final estimate
WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving…
Wall Street just got another sign that dealmaking is on its way back
Wall Street just got a new sign that dealmaking is making a comeback. Jefferies Financial Group (JEF) reported third quarter results Wednesday afternoon that showed investment banking fees were up…
