Economy Financial News

The Fundstrat Global Advisors managing director discusses his take on the markets, the economy and the Federal Reserve's management of rate hikes.

Investing.com-- Japanese consumer inflation grew slightly more than expected in September as food prices remained elevated, while a core inflation reading that is closely watched by the Bank of Japan remained near 40-year peaks.  

LONDON (Reuters) — The U.S. 10-year Treasury yield briefly reached 5% for the first time since 2007, marking a fresh milestone in a relentless push higher for government borrowing costs.

Investing.com — Gold kept its upward charge for a third day in a row Thursday as the dollar tumbled on the lack of any immediate support from Federal Reserve Chair Jerome Powell for a rate in November, despite the continued threat of inflation.

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

Panelists Ben Levisohn, Al Root and Andrew Bary provide insight on the Federal Reserve's moves on 'Barron's Roundtable.'

Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.

MUMBAI : At the recently concluded International Monetary Fund (IMF)-World Bank meetings in Marrakesh, officials fretted over the new trend of interest rates remaining high for a long period. Mint looks at how it will impact the world at large and India in particular. Central banks across the world have raised interest rates over the last 18 months or more to battle runaway inflation.

The recent precipitous decline in long-term bonds has brought about a flurry of discussions among the investor and financial analyst communities, drawing notable parallels with some of the most infamous market downturns in history. Bonds with a maturity of 10 or more years have witnessed a 46% decline since their peak in March 2020, which closely mirrors the 49% drop in US stocks in the aftermath of the dot-com bubble at the turn of the century​​. The situation is even more alarming for 30-year bonds, which have plummeted 53%, nearing the 57% slump in equities during the 2008 financial crisis​.

Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be «resolute» in its commitment to its 2% mandate.

Investing.com – Federal Reserve Chairman Jerome Powell on Thursday said the Fed is «proceeding carefully» on monetary policy decisions following a spike in Treasury yields that have helped tighten financial conditions «significantly,» though acknowledged that signs of ongoing economy growth could warrant further monetary policy tightening.  

NEW YORK (Reuters) — The U.S. economy's strength and continued tight labor markets could warrant further Federal Reserve interest rate increases, Fed Chair Jerome Powell said on Thursday in remarks that appeared to push back against market expectations that the U.S. central bank's rate hikes had reached an end.

China has more than 500 operational nuclear warheads in its arsenal and will probably have over 1,000 warheads by 2030, the Pentagon said in its annual report on Beijing's military that was released on Thursday. Despite the growing number of China's nuclear weapons, they are still much lower than what Russia and the United States have. The United States has a stockpile of about 3,700 nuclear warheads, of which roughly 1,419 strategic nuclear warheads were deployed. Russia has about 1,550 nuclear weapons deployed and according to the Federation of American Scientists, a stockpile of 4,489 nuclear warheads. In the wide ranging report, the Pentagon said China's more than 500 warheads as of May 2023 were on track to exceed projections. In a previous report, the Pentagon estimated that Beijing had more than 400 operational nuclear warheads in 2021. «We see the PRC (People's Republic of China) continuing to quite rapidly modernize and diversify and expand its nuclear forces,» a senior U.S.

The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come.

Investors worry about the future of U.S. airlines as concerns about a weakening economy and rising costs overshadow the ongoing travel boom. This has led to a decline in airline stocks, despite positive earnings reports indicating strong consumer demand for travel.

coal imports last year, the government said on Thursday. Though the share of coal import in total consumption came down from 26 per cent to 21 per cent in the last five years, India is importing more than 200 million tonnes (MT) of dry fuel every year, incurring huge foreign exchange outflow. «The goal of coal ministry is to enhance coal production to ensure adequate availability of coal for fast growing economy of the country.

Washington Examiner columnist Tiana Lowe Doescher and FOX Business' Lydia Hu join 'Making Money' host Charles Payne to discuss the impact of the housing crisis on young people.

Russia’s strategic dependence on China has only grown since the war. This year, trade between the two powers has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite.

By Lucia Mutikani

skill development programmes for the youth so that they will help the country become self-reliant. Speaking after inaugurating 511 Pramod Mahajan Gramin Kaushalya Vikas Kendras in Maharashtra through video link, he said the state governments should focus on designing skill development programmes in such a way that they will help the country grow.

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 198,000 for the week ended Oct. 14, the Labor Department said on Thursday.