Tag: Interest Rates
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Stocks sink after Powell suggests Fed may not cut rates in March
Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and ... -
Gold demand to hit record with central-bank buying and Federal Reserve rate cuts, WGC says
Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve moves towards cutting interest rates, potentially aiding prices, according to the World Gold Council (WGC). Overall consumption expanded about 3 per cent to 4,899 tons last year, supported by strong demand in the opaque over-the-counter ... -
Asian shares are mixed, with Chinese shares falling, ahead of Fed rate decision
BANGKOK (AP) — Asian shares were mixed on Tuesday, with Hong Kong and Shanghai leading declines, ahead of a decision by the Federal Reserve this week on interest rates. U.S. futures and oil prices edged higher. Shares in property developer China Evergrande Group, the world’s most heavily indebted real estate company with more than $300 ... -
Nasdaq Futures Inch Up as Tech Earnings Sifted: Markets Wrap
(Bloomberg) — US equity futures ticked higher as investors awaited a slew of US economic data and a meeting of the European Central Bank. Most Read from Bloomberg Contracts on the Nasdaq 100 rose 0.2%, as the market tried to shake off the gloom from Tesla Inc.’s disappointing earnings late on Wednesday. While shares in ... -
How To Invest In 2024 With Guaranteed Returns
martin-dm / iStock.com Now that we’re freshly into 2024, it is a good time for financial resolutions and looking at ways to be more financially healthy. With inflation and soaring rates, many Americans’ wallets have been hit this year — taking a toll on their budgets and savings. Find: 5 Ways To Earn at Least ... -
What Will Happen to Your Investments If Inflation Rate Goes Up in 2024?
Douglas Rissing / Getty Images/iStockphoto Over the last couple of years, the U.S. has been on an inflation rollercoaster. In June 2022, inflation peaked at 9.1% — a high not seen since 1981. Inflation has significantly come down since then; in December 2023, it was at 3.35%. Now the big question is: Will inflation go ... -
Dollar struggles to retain gains even as March rate cut odds recede
The Bank of Japan’s two-day meeting begins on Monday. Wagers for an exit from negative rates at this meeting have been wound down in the wake of the New Year’s Day earthquake on Japan’s west coast alongside dovish BOJ commentary. The dollar’s trade-weighted index was down 0.07% at 103.19 and flat against the euro at $1.0898. ... -
Trump’s 2016 Win Shook Markets. Traders Won’t Get Fooled Again.
(Bloomberg) — Donald Trump’s surprise victory in the 2016 presidential election delivered a shock to financial markets. If he manages to secure a second one, traders will — if anything — be far more prepared. Most Read from Bloomberg Trump seems to be on a quicker path to the nomination than eight years ago, when ... -
Schwarzman Says ‘Animal Spirits’ Are Back on Expectations of Lower Rates
(Bloomberg) — Blackstone Inc. Chief Executive Officer Steve Schwarzman said he expects the Federal Reserve to lower interest rates and sees “animal spirits” returning to the markets as more investors make that bet too. Most Read from Bloomberg The Fed’s timing on rate declines won’t be clear, creating a “baffling effect” among investors, he said ... -
Dollar at one-month high as rate cut expectations ease on Fedspeak
“I will need more information in the coming months confirming or (conceivably) challenging the notion that inflation is moving down sustainably toward our inflation goal,” before backing rate cuts, he said on Tuesday. Market expectations of a rate cut in March have eased to a 62.2% chance versus an 76.9% view in the prior session, ...