County Jerome Financial News
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.
12.07 / 14:03
Target
Progressive
Sustainability
Remark
show
Watch Fed Chair Jerome Powell testify live before Senate banking panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]
12.07 / 13:50
UPS
Progressive
Aware
Analysis
information
Courts
Customers
Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.
12.07 / 13:35
12.07 / 13:23
markets
Target
JPMorgan
Tesla
NVIDIA
S&P 500 and Nasdaq notch record highs as Nvidia gains
Nasdaq notched record-high closes on Tuesday, fueled by gains in Nvidia after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more «good» economic data would strengthen the case for rate cuts. AI chipmaker Nvidia climbed 2.5%, offsetting declines in other chip stocks.
28.06 / 16:11
27.06 / 09:31
CBDC
Federal Reserve
North Carolina Senate Seeks Governor’s Approval Over CBDC Ban Bill
The US state of North Carolina, on Wednesday, won majority of votes from the Senate on the bill that seeks to ban central bank digital currencies (CBDCs). The legislation has moved to the Governor’s desk for approval.
26.06 / 17:41
21.06 / 17:35
COST
UPS
show
patient
Oil sits at 7-week high on robust demand outlook, Brent up 5% in June: How to place bullish bets on MCX crude?
₹6,743 per barrel on the multi commodity exchange (MCX).-A stronger US dollar helped keep crude oil prices in check. The US dollar rose to a seven-week high compared to the basket of other currencies, with Jerome Powell-led US Federal Reserve's patient approach to cutting interest rates contrasting with more dovish stances elsewhere.-The US Fed hiked interest rates aggressively in 2022 and 2023 to tame a surge in inflation.
18.06 / 14:21
markets
Ripple
Waters
CEO
Trade
reports
International
Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry's bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold.
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