City Richmond Financial News

Reuters. On March 9, CENTCOM informed that the military was responding to a large-scale attack on ships in the Red Sea and Gulf of Aden between 4 am and 6:30 am (as per GMT).

Fed Chair Jerome Powell is scheduled to testify in the House today (Wed., Mar. 6) and markets will be all ears on topics that offer guidance on the outlook for interest-rate cuts.

Investing.com — It’s set to be a busy week in in markets with Friday’s U.S. jobs report, testimony by Federal Reserve Chairman Jerome Powell and a European Central Bank policy meeting the main highligts. Here’s what you need to know to start your week.

By Amruta Khandekar and Johann M Cherian

US Elections 2024, found his comments distasteful. “It's disgusting. But, that's what happens when he goes off the teleprompter.

Gold prices edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut. FUNDAMENTALS

US equity futures slumped before the release of keenly awaited inflation data that could set the stage for the timing of the Federal Reserve move to interest-rate cuts. Treasuries and the dollar were steady.

Investing.com — Tuesday’s U.S. inflation figures will be in focus as markets look for clues on the timing of interest rate cuts from the Federal Reserve. Earnings season continues, oil prices look set to remain choppy, while the UK and Japan are to release what will be closely watched economic data. Here’s what you need to know to start your week.

gold closed with a loss of 0.48% at $2025 Friday as the US yields chugged higher to close 0.47% up at 4.177%. Spot gold was down nearly 0.70% on the week. The ten-year US yields firmed up by around 3.70% on the weekly basis, whereas the two-year yields were up roughly 2% on the week as the yields settled at 4.48% Friday. The US Dollar Index, which is up nearly 3% from its cyclical low, was up by 0.12% on the week to close at 104.08. The Index was unable to capitalise fully on surging US yields as risk appetite remained healthy. Although the last week was light on data, a major theme has emerged, which is likely to influence gold prices in short term. Resilient US economy and hawkish stance of the Federal Reserve officials are slowly driving this point home that most of the US Federal Reserve officials are in no hurry to cut rates anytime soon. They would like to see inflationary pressure subside further in a broadening manner before they gain enough confidence to cut rates later this year. It means that a March rate cut is virtually off the table, which is in line with the the post FOMC statements of the Fed Chair Powell.

KABC-TV reported the helicopter took off from Palm Springs Airport around 8:45 p.m. and was en route to Boulder City, Nevada.

The S&P 500 (SPX) hit a new record high last week after finally clearing 4,818.62 – the level set in the first week of 2022. The index gained 1.2% last week and is now likely to continue pushing toward the psychologically-important 5,000 level.

Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the US economy is looking more likely but hardly certain, noting he’d need more conviction about the path of inflation before supporting a rate cut. “A soft landing is increasingly conceivable but in no way inevitable," Barkin, who will vote on policy decisions this year, said in a speech Wednesday.

Wall Street strategists express caution, noting that despite market optimism, immediate risk cuts are not likely.

Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will require caution from him and his fellow policymakers.

appreciating Sunak's efforts, said, “Absolutely brilliant Rishi, you’ve made many of us laugh our Christmas socks off." Sunak is married to Akshata Murty, the daughter of Infosys co-founder Narayana Murthy and author Sudha Murty. The family spent Christmas in their constituency home in Richmond, North Yorkshire.

Pillsbury Mills was a groundbreaking, history-making flour mill in central Illinois for most of the 20th century

Bonds rallied and equities paused as a fresh batch of soft inflation data boosted the likelihood of interest-rate cuts, but also underscored the risk of an economic downturn.

Investing.com — The U.S. dollar edged higher in early European trade Wednesday, while sterling slumped as rapidly cooling inflation lifted expectations of Bank of England rate cuts next year.

By Stella Qiu

By Brigid Riley

Netflix on March 14. The series, which previously streamed on Peacock, shifted to Netflix in October 2022. The first and second seasons of the hit show will also be available to stream on Netflix along with the brand-new season.