adminTraders see Fed delivering 25 bps cut in Sept, 100 bps by year-end
(Reuters) – Traders added to bets that the Federal Reserve will start U.S. interest-rate cuts next month with a quarter-point reduction in the policy rate, rather than a bigger half-point…
Gap shares rise after it resumes trading, Q2 results show growing sales and margin
Gap (GAP) is showing signs of a comeback. In Q2, revenue grew 5% to $3.72 billion, compared to estimates of $3.63 billion, while adjusted earnings per share came in at…
Oil Holds Gain on Positive US Economic Data, Libya Disruptions
(Bloomberg) — Oil steadied after jumping on Thursday on positive US economic data and worsening supply disruptions in Libya. Most Read from Bloomberg Brent for October traded around $80 a…
Houthis Say Tugs Can Tow Away Stricken Red Sea Oil Tanker
(Bloomberg) — Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might help avert an…
Libya’s Political Feud Threatens Return of Oil Supply Chaos
(Bloomberg) — Libya’s political crisis is threatening to return the OPEC member’s oil production to the chaos that plagued it for years after the toppling of dictator Moammar Al Qaddafi.…
Treasury Yields Rise After Resilient Data Suggests Measured Fed
(Bloomberg) — US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year. Most Read from Bloomberg…
Dollar Eyes 2024’s Biggest Monthly Loss as Fed Signals Cut
(Bloomberg) — The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major…
Recession forecasts have been wrong for years. Here’s why a ‘perfect indicator’ doesn’t exist.
It hasn't been a great time for folks in the business of predicting recessions. The Conference Board's Leading Economic Index signaled a recession in 2022. The highly regarded inverted yield…
US economic growth for last quarter is revised up to a solid 3% annual rate
WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade…
Salesforce CEO on robot sales agents, Microsoft’s AI letdowns, and big earnings beat
A bounce-back quarter for Salesforce (CRM). Shares of the SaaS company popped 4% in after-hours trading on Wednesday as it bested Wall Street estimates on sales, operating margins, and earnings.…
