City Powell, county Jerome Financial News
13.07 / 08:10
13.07 / 06:25
13.07 / 06:16
markets
UPS
Election
President
Pharmaceuticals
Automobile, pharma rally hits bulls’ high
Indian benchmark indices soared to fresh all-time highs on Tuesday, led by gains in auto and pharmaceutical stocks. Analysts said the uninterrupted rise in equities since the election results on June 4 has resulted in an overbought market, although a big reversal is unlikely for the moment. NSE's Nifty rose 112.65 points or 0.46% to close at 24,433.20, having hit a lifetime high of 24,443.60 during the day. BSE's Sensex rose 391.26 points or 0.49% to end at 80,351.64, down from an intraday record of 80,397.17.
13.07 / 05:50
COST
CEO
economy
reports
Department
recommendations
Inflation unexpectedly falls to 3% in June
Laffer Tengler Investments CEO and CIO Nancy Tengler explains why she's recommending investing in equities over bonds for the long term.
13.07 / 05:08
markets
UPS
Sustainability
Remark
show
information
reports
interest rate cut
Oil rebounds as U.S. stockpiles drop, interest rate cut outlook brightens
Oil prices rebounded on Wednesday following three days of declines after an industry report showed U.S. crude and fuel stockpiles fell last week, indicating steady demand, and the outlook for interest rate cuts improved. Brent futures rose 21 cents to $84.87 a barrel by 0055 GMT, after falling 1.3% in the previous session.
13.07 / 03:33
markets
UPS
Provident
economy
Election
Gold flat as investors focus on Fed minutes
Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Spot gold was nearly unchanged at $2,329.66 per ounce, as of 0152 GMT. U.S. gold futures gained 0.2% to $2,338.70.
13.07 / 02:35
markets
COST
Target
Fighting
economy
wellness
President
Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cut...
13.07 / 01:11
13.07 / 00:23
12.07 / 23:31
markets
COST
Target
economy
pandemic
Powell stresses message that US job market is cooling, a possible signal of coming rate cut
Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon
12.07 / 21:56
markets
UPS
Target
economy
show
prevention
Behind the latest shift in Powell’s rate-cut framework
It didn’t move markets, but during two days of congressional testimony this week, Fed Chair Jerome Powell made the beginning of a pivot on interest rates that might prove more durable than one that sparked a big market rally at the end of last year. Around December, Powell and several colleagues signaled they could begin the process of dialing interest rates down as soon as the middle of the year if inflation, which cooled notably in the second half of last year, continued on that path. When Powell testified on Capitol Hill in March, he allowed that the Fed was “not far" from achieving the confidence it needed to cut rates.
12.07 / 21:07
markets
economy
Election
Trade
President
performer
reports
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing a strong domestic jobs report. The euro held firm, helped by a stubbornly high local inflation reading on Tuesday. Sterling was steady ahead of Thursday's U.K. election.
12.07 / 18:33
markets
UPS
Remark
NVIDIA
Trade
show
reports
S&P 500 reaches all-time high as big tech rallies over Powell testimony
A rally in the world’s largest technology companies sent stocks to all-time highs, with Jerome Powell’s remarks to Congress not doing much to dissuade traders from betting on Federal Reserve rate cuts this year.
12.07 / 16:46
BTC
Bitcoin
Best Crypto
Best Crypto to Buy Now July 11 – Stacks, Aave, Wiener AI
As major cryptos trade with a positive bias as markets await the release of US CPI data for June shortly, investors are weighing up what might be the best crypto to buy now for quick gains.
12.07 / 16:38
12.07 / 15:24
12.07 / 15:12
UPS
Manufacturing
Sustainability
NVIDIA
reports
Nvidia leads Nasdaq and S&P 500 to record high closes
Nasdaq and S&P 500 rallied to record high closes on Wednesday, fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week. It was the Nasdaq's seventh straight record-high close and the S&P 500's sixth straight. The S&P 500 crossed 5,600 for the first time after Federal Reserve Chair Jerome Powell stoked expectations for an interest-rate cut in September.
12.07 / 15:07
12.07 / 14:56
Target
economy
Watch Fed Chair Jerome Powell testify live before the House financial services panel
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12.07 / 14:43
markets
Progressive
economy
Sustainability
Remark
Food
show
Fed's Powell says more 'good' inflation data would bolster the case for rate cuts
Strategas' Jason Trennert says it is hard to not be involved in the stock market on 'Maria Bartiromo's Wall Street.'
12.07 / 14:20
markets
UPS
Target
Tesla
show
Updates
Asian stocks
Asian stocks advance as S&P 500 closes above 5,500: Markets wrap
interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path. Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd record this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains in megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.
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