Dow, S&P fall for third straight session with inflation data eyed: U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and ...
reuters.com/business/futures-rise-megacap-chip-stocks-bounce-2024-03-26/
Inflation Data Could Back Fed’s Patience, IPOs Make a Comeback: Sunday US Briefing
bloomberg.com/news/articles/2024-03-24/inflation-data-could-back-fed-s-patience-ipos-make-a-comeback-sunday-us-briefing
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Here’s why the Fed doesn’t see a US recession in coming years: America’s central bank doesn’t see any signs of a recession on the horizon. Not this year ...
cnn.com/2024/03/24/economy/stocks-week-ahead-fed-recession-coming-years/
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A woman lost $789k in a gold bar scam, police say. Then she turned the tables.: Police say an undercover detective posed as a fraud victim in her 60s to catch ...
washingtonpost.com/dc-md-va/2024/03/24/gold-bar-scam-undercover-bust/
Pulse Check: Inflation and Consumer Mood Highlight Economic Scene: The week’s range of economic reports should provide a crucial reading on which way the economy ...
usnews.com/news/economy/articles/2024-03-25/inflation-housing-and-consumers-mood-on-tap-for-economy
BOJ Has Sprung a Leak. Japan Must Investigate: Bank of Japan decisions that move billions of dollars routinely appear in the media before they’re officially ...
bloomberg.com/opinion/articles/2024-03-24/boj-has-sprung-a-leak-japan-must-investigate
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US Bank M&As Face Higher Regulatory Hurdles Under FDIC Plan: US banks face steeper regulatory hurdles to buy another lender under a plan from the Federal Deposit ...
bloomberg.com/news/articles/2024-03-21/bank-mergers-face-higher-hurdle-for-fdic-approval-under-plan
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US Fed’s embrace of three rate cuts opens door to lower borrowing cost, stronger Singdollar
straitstimes.com/business/us-fed-s-embrace-of-three-rate-cuts-opens-door-to-lower-borrowing-cost-stronger-currency-in-s-pore
Congress Flirts With a Government Shutdown — Again: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today ...
bloomberg.com/news/newsletters/2024-03-18/congress-flirts-with-a-government-shutdown-again
$JPM | JP Morgan Chase Fined $350M For 'Deficient Trade Surveillance'
The OCC announces a $250 million penalty against JP Morgan Chase related to deficiencies ... Show more
Quick Glance: JPMorgan fined nearly $350 million for inadequate trade monitoring
- The Federal Reserve imposed a fine of $348.2 million on JPMorgan Chase & Co. for its deficient monitoring program of trading activities.
- In conjunction with the Office of the Comptroller of the Currency (OCC), the bank received a penalty for insufficient oversight of billions of trades across a minimum of 30 global trading venues between 2014 and 2023.
- The bank independently identified the issue and is actively addressing it to avoid disruptions in client services. No indications of misconduct by employees or harm to customers or the broader market were detected.
- The settlement announced on Thursday represents the second substantial fine in recent years for the bank related to challenges in data management and monitoring.
Stock market news today: Stocks up as jobs data boosts rate-cut hopes: The economy added 275,000 jobs in February, above expectations of 198,000 ...
markets.businessinsider.com/news/stocks/stock-market-news-today-fed-rates-jobs-data-unemployment-rate-2024-3
Quick Glance: Slower, but strong US job growth expected
- Forecast: Nonfarm payrolls to increase by 200,000 in February
- Unemployment rate expected unchanged at 3.7%
- Average hourly earnings to rise 4.4% year-on-year
- Labor market remains strong despite potential rate cuts
Why a Key Rent Metric Jumped in January, and What It Means for US Inflation: The US government sparked a commotion in late February when it suggested that a ...
bloomberg.com/news/articles/2024-03-06/how-a-key-rent-metric-can-change-path-of-us-inflation-quicktake
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Withering Heights: The Bloomberg Close, Americas Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-03-05/withering-heights-the-bloomberg-close-americas-edition
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US Job Openings Remain at High Level in Labor-Market Strength: US job openings remained elevated in January, suggesting demand for workers is still strong.
bloomberg.com/news/articles/2024-03-06/us-job-openings-stayed-elevated-at-8-86-million-in-january
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Bloomberg Evening Briefing: Robust US Employment May Be Slowly Downshifting: Get caught up.
bloomberg.com/news/newsletters/2024-03-08/bloomberg-evening-briefing-robust-us-employment-may-be-slowly-downshifting
Concentrated US Payrolls Growth Likely Masked Cooling, BE Says: The US Bureau of Labor Statistics will likely issue another strong jobs report Friday ...
bloomberg.com/news/articles/2024-03-08/concentrated-us-payrolls-growth-likely-masked-cooling-be-says
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Why a Key Rent Metric Jumped in January, and What It Means for US Inflation: The US government sparked a commotion in late February when it suggested that a ...
bloomberg.com/news/articles/2024-03-06/how-a-key-rent-metric-can-change-path-of-us-inflation-quicktake
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Indian shares set to open higher tracking Asian peers: Indian shares are set to open higher on Wednesday, tracking Asian markets after a largely in-line U.S ...
reuters.com/world/india/indian-shares-set-open-higher-tracking-asian-peers-2024-03-13/
Meet Clarence Thomas’ Likely Successor If Trump Gets a 2nd Term: Fifth Circuit Court of Appeals Judge James Ho may just be the most reactionary federal appellate ...
progressive.org/latest/remaking-the-supreme-court-blum-20240309/
US Budget Deficit Widens to $828 Billion in Five Months on Interest Costs: Interest costs continued to drive the US budget deficit wider in February ...
bloomberg.com/news/articles/2024-03-12/us-budget-gap-hits-828-billion-in-five-months-on-interest-costs
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Quick Glance: Biden's Budget Proposal: Family Tax Breaks, Cheaper Health Care, More
- President Joe Biden's budget proposal for fiscal 2025 includes tax breaks for families, lower health care costs, smaller deficits, and higher taxes on the wealthy and corporations.
- The budget aims to reduce deficits by $3 trillion over a decade and increase tax revenues by a total of $4.9 trillion.
- Proposals include increased child tax credits, tax credits for homebuyers, higher corporate taxes, and a 25% minimum tax for billionaires.
- The budget plan focuses on helping families cope with inflation while providing funding for defense, healthcare, education, and more.
Influential Fed Official Mester Supports Capital Increases: An influential Federal Reserve official says she backs regulators’ plans to significantly increase ...
bloomberg.com/news/articles/2024-02-29/influential-fed-official-mester-supports-bank-capital-increases
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US Labor Department Sows Confusion With Email on Consumer Prices: The US Labor Department’s statistical agency sowed confusion on Wall Street this week with an ...
bloomberg.com/news/articles/2024-02-28/us-labor-department-sows-confusion-with-email-on-consumer-prices
BLS Tries to End Confusion Over CPI Data After Email Stirs Drama: The Bureau of Labor Statistics on Thursday attempted to quell confusion over its latest ...
bloomberg.com/news/articles/2024-02-29/bls-publishes-data-on-cpi-weighting-after-email-caused-confusion
CNBC Daily Open: Will the Fed not cut rates in 2024?: No interest rate cuts in 2024? That would seem pretty far-fetched for many market watchers ...
cnbc.com/2024/03/05/cnbc-daily-open-will-the-fed-not-cut-rates-in-2024.html
US CPI Email to ‘Super Users’ Was a Mistake, BLS Official Says: The US Bureau of Labor Statistics said it doesn’t maintain a list of “super users ...
bloomberg.com/news/articles/2024-03-07/bls-denies-having-list-of-super-users-after-cpi-email-drama
President Biden is launching a new task force to take on "unfair and illegal" corporate pricing: "We will enforce the law." cnb.cx/4bUQgQK
The A to Z of US politics: American politics, from “abolitionism” to “zero-tolerance policy”, explained in plain English
economist.com/interactive/us-politics-glossary-election-terms
When will the Fed cut interest rates? Watch key inflation report this week.: A closely watched inflation report this week could help decide when the Fed cuts ...
usatoday.com/story/money/2024/02/25/inflation-home-prices-reflect-economy-trends/72714832007/
Biden Administration Forgives $1.2B in Student Loan Debt. Whose Loans Are Canceled?
cnet.com/personal-finance/loans/biden-administration-forgives-1-2-billion-in-student-loan-debt-whose-loans-are-cancelled/
Quick Glance: Student Loans Canceled for 153,000 Borrowers
- President Joe Biden announced the cancellation of federal student loans for almost 153,000 borrowers to expedite the path to debt forgiveness.
- The administration has initiated the new SAVE program which brings forward the loan cancellations originally set for July.
- The first round of forgiveness from the SAVE plan will clear $1.2 billion in loans, informing borrowers via email about their early loan forgiveness eligibility.
- Over 7.5 million people have enrolled in the new repayment plan, described by Biden as a life-changing relief for individuals and families.
The A to Z of US politics: American politics, from “abolitionism” to “zero-tolerance policy”, explained in plain English
economist.com/interactive/us-politics-glossary-election-terms
How US Defense Department Uses AI Warfare to Target Enemies: A potential revolution in combat. Plus: Advances in human-like robots, and the impact of rising ...
bloomberg.com/news/newsletters/2024-02-29/how-us-defense-department-uses-ai-warfare-to-target-enemies
CNBC Daily Open: Wall Street unfazed by hot inflation data: January' inflation came in hot and that wasn't great for the overall economic picture.
cnbc.com/2024/03/01/cnbc-daily-open-wall-street-unfazed-by-hot-inflation-data.html
US Core PCE Seen Rising With Stock Rally Boosting Fed-Favored Inflation Measure: The Federal Reserve’s main inflation gauge is set to receive a boost from the ...
bloomberg.com/news/articles/2024-02-16/fed-s-main-inflation-gauge-to-get-boost-from-hot-stock-market
Nasdaq, S&P 500 Futures Decline As Traders Await GDP Data, Fed Speeches; Bitcoin Eyes $60K Milestone: Ana
benzinga.com/news/earnings/24/02/37358192/nasdaq-s-p-500-futures-decline-as-traders-await-gdp-data-fed-speeches-bitcoin-eyes-60k-milestone-an
Banks backpedal on climate amid federal scrutiny, anti-ESG pressure: Many of the largest U.S. banks and asset managers are retreating from their climate ...
thehill.com/policy/equilibrium-sustainability/4481462-banks-backpedal-climate-federal-scrutiny-anti-esg-pressure/
US applications for jobless benefits fall as labor market continues to show resilience
apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-655b596ce609c16ea32bd2a8569c5776
Fed’s Goolsbee Says Inflation Can Be a Bit Higher, Still on Path to 2%: Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation ...
trib.al/JBd5pE5
Dollar falls, Treasury yields drop on rate cut expectations: Current futures pricing suggests a 70% probability that the US central bank might begin rate easing ...
freemalaysiatoday.com/category/business/2024/03/07/dollar-falls-treasury-yields-drop-on-rate-cut-expectations/
JUST IN: Consumer prices rose 3.1% in January compared to a year ago, slowing markedly from the previous month but missing expectations of an even larger ... Show more
US wholesale inflation accelerated in January in latest sign that prices picked up last month
apnews.com/article/inflation-wholesale-prices-consumer-federal-reserve-rates-68045213d11f1b2d5df41e0cdebe4955
After 6 years, the Chesterfield police chief is retiring. Here's where he's going.
richmond.com/news/local/crime-courts/after-6-years-the-chesterfield-police-chief-is-retiring-heres-where-hes-going/article_0c834dfa-dc38-11ee-93ae-ffbaa666b769.html
Federal jury convicts former BSO deputy in COVID aid fraud case: A Fort Lauderdale federal jury convicted a Broward Sheriff's Office deputy on two counts of ...
sun-sentinel.com/2024/03/06/federal-jury-convicts-former-bso-deputy-in-covid-aid-fraud-case/
When Is the Next Jobs Report?: Bad news on the jobs front is good news for stocks.
kiplinger.com/investing/when-is-the-next-jobs-report
5 Ways a Government Shutdown Could Affect Your Money: Without a spending bill by March 1, the U.S. government will start shutting down in waves ...
money.com/government-shutdown-affect-money/
Quick Glance: North Texas federal employees prepare for upcoming government shutdown
- Federal employees in North Texas seeking assistance from local food banks and community centers.
- A shutdown is unnecessary and avoidable, hopefully it doesn't happen.
- Sen. Patty Murray blocked the proposal but argued for continued pay for all federal workers.
- Ted Cruz would pause his paychecks in the event of a shutdown.
3.1 percent: Inflation in the United States weakens only moderately: Inflation in the United States is weakening less than analysts expected ...
faz.net/aktuell/wirtschaft/inflation-in-den-vereinigten-staaten-schwaecht-sich-nur-moderat-ab-19516633.html
US CPI: The Markets' Moment of Truth on Fed Rate Cuts: Looking under the hood of the CPI for clues on how soon the Fed will cut rates. And is S&P 5 ...
bloomberg.com/opinion/articles/2024-02-13/us-cpi-the-markets-moment-of-truth-on-fed-rate-cuts
Five US Senators Sign Bill To Oppose Biden’s Digital Dollar CBDC Plan: Five US senators, led by Senator Ted Cruz, have introduced a bill aiming to prohibit the ...
coinmarketcap.com/alexandria/article/five-us-senators-sign-bill-to-oppose-bidens-digital-dollar-cbdc-plan
U.S. Q4 GDP Rise Hits 3.2%, Just Below Forecasts: The U.S. Bureau of Economic Analysis (BEA) reported on February 28, 2024, a 3.2% growth in the economy for the ...
riotimesonline.com/u-s-q4-gdp-rise-hits-3-2-just-below-forecasts/
Submit probe report by May 6: A Dhaka court has asked Criminal Investigation Department to submit the probe report in the Bangladesh Bank cyber heist case by May ...
thedailystar.net/news/bangladesh/news/submit-probe-report-may-6-3553256
Mayweather’s $18 Million Check To The IRS Packs A Punch, But Is Under The $100 Million Weight Limit
forbes.com/sites/kellyphillipserb/2024/02/12/mayweathers-18-million-check-to-the-irs-packs-a-punch-but-is-under-the-100-million-weight-limit/
[CONTRIBUTION] Why rate cuts are to come later this year : In October of last year, the 10-year Treasury yield in the U.S. experienced a significant surge ...
koreatimes.co.kr/www/biz/2024/02/175_369258.html
How has US wealth evolved since the 1980s?: How do people allocate their wealth? The Wealth Enhancement Group analyzed data published by the Federal Reserve to ...
miamiherald.com/news/business/article285793856.html
US eases restrictions on Wells Fargo after years of strict oversight following scandal
orlandosentinel.com/2024/02/15/us-eases-restrictions-on-wells-fargo-after-years-of-strict-oversight-following-scandal/
Presidents’ Day: A look at how much money is in circulation in the U.S. today: The types of bills we print most has changed a lot over the years
ocregister.com/2024/02/15/presidents-day-a-look-at-how-much-money-is-in-circulation-in-the-u-s-today/
US CPI Revisions: 4Q 2023 Core Consumer Prices Match Previous Reading: US inflation was about the same at the end of last year as initially reported after ...
bloomberg.com/news/articles/2024-02-09/us-cpi-revisions-offer-relief-with-little-change-to-recent-pace
Bloomberg - Are you a robot?: 445: 65c516e0abf43
bloomberg.com/news/articles/2024-02-08/us-mortgage-rates-tick-up-as-fed-signals-its-fight-s-not-over
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Emerging Markets: Turkey Is Becoming Investible Again: The country’s finance ministry and central bank are regaining economic credibility.
bloomberg.com/opinion/articles/2024-02-05/emerging-markets-turkey-is-becoming-investible-again
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January hiring gains surprisingly robust: The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest ...
pbs.org/newshour/economy/january-hiring-gains-surprisingly-robust
Quick Glance: Record Number of New Jobs in the US in January
- New data from the Labor Department shows that the US economy added 353,000 jobs in January, with the unemployment rate at 3.7 percent.
- The January jobs report far exceeded economists' expectations, who predicted a gain of 185,000 jobs and an unemployment rate of 3.8 percent.
- "The labor market is the little engine that could, and it kept chugging away in January," said John Leer, chief economist at Morning Consult.
- The surprisingly strong jobs report will exclude a rate cut in March and raises questions about how quickly the Fed will actually lower interest rates.
Service workers need to make less money so inflation can go down, a Fed governor said
qz.com/service-industry-wages-inflation-fed-interest-rates-1851236766
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US Payrolls Surge by 353,000 at Start of Year, Wages Also Jump: US employers hired at a robust pace and workers saw stronger pay gains in January ...
trib.al/Y0ZDffb
S&P 500 stock index crosses 5,000 milestone for the first time: Markets have been buoyed in recent months by positive economic data, softening of Federal Reserve ...
washingtonpost.com/business/2024/02/09/sp-500-crosses-5000-first-time/
US applications for unemployment benefits fall again despite layoffs: The number of Americans filing for jobless claims fell last week despite more layoff ...
apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-cbb095de0d016fe9771f165e0b269fdc
US Treasury Cuts Quarterly Borrowing Estimate to $760 Billion: The US Treasury reduced its estimate for federal borrowing for the current quarter ...
bloomberg.com/news/articles/2024-01-29/us-treasury-cuts-quarterly-borrowing-estimate-to-760-billion
What Happens to Markets When the Fed Cuts Interest Rates: If it coincides with a soft landing, investors might well be off to the races.
bloomberg.com/news/newsletters/2024-02-02/what-happens-to-markets-when-the-fed-cuts-interest-rates
US Employment-Cost Index Cools in Sign of Easing Inflation Pressures: A broad gauge of US labor costs cooled by more than forecast in a fresh sign of easing ...
bloomberg.com/news/articles/2024-01-31/us-employment-costs-rose-in-fourth-quarter-by-less-than-forecast
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Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?
apnews.com/article/inflation-prices-interest-rates-cuts-federal-reserve-ec7773de4159f7e0f071f4e126b50158
US Treasury Boosts Quarterly Debt Sale, Sees No More Increases Coming: The US Treasury boosted the size of its quarterly issuance of longer-term debt for a third ...
bloomberg.com/news/articles/2024-01-31/us-increases-quarterly-debt-sale-sees-no-more-boosts-coming
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The labor market started 2024 on a high note.
On Wednesday, Federal Reserve Chair Jerome Powell described the labor market as "at or nearing normal but ... Show more
30 Things Joe Biden Did as President You Might Have Missed: Drone armies, expanded overtime pay and over-the-counter birth control pills are just some of the new ...
politico.com/news/magazine/2024/02/02/joe-biden-30-policy-things-you-might-have-missed-00139046
Bond Yields Are at the Treasury’s Mercy. It’s OK.: Market observers are expecting Treasury to increase the portion of longer-rated bonds as it did in recent ...
barrons.com/articles/bond-yields-treasury-auction-25d90a01
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Bank Mergers Would Face Tougher Process Under OCC Proposal: Bank mergers face a tougher and potentially longer road to approval under a proposal set to be ...
bloomberg.com/news/articles/2024-01-29/bank-regulator-to-propose-tougher-approach-to-weighing-mergers
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Pro-Trump network OAN execs may have ‘engaged in criminal activities’ while promoting 2020 election lies, Smartmatic alleges
cnn.com/2024/01/29/business/oan-smartmatic-election-lawsuit/
Big Tech Stocks Have a Rival In Europe's `Magnificent 6': The six including ASML rivals US tech for TPW’s Jay Pelosky
bloomberg.com/news/newsletters/2024-02-09/big-tech-stocks-have-a-rival-in-europe-s-magnificent-6
Treasury Trims Borrowing Plan; Bond Yields Fall: The 10-year Treasury yield slipped on the Treasury Department borrowing plan and softer hiring ...
investors.com/news/10-year-treasury-yield-slips-as-government-trims-borrowing-plan-sp-500-rises/
Claudia Sahm: US Economy Should Avoid Recession: "We solved the labor shortage," says Claudia Sahm.
businessinsider.com/recession-outlook-claudia-sahm-rule-federal-reserve-inflation-interest-rates-2024-2
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Paid your student loans in 2023? You could qualify for this tax deduction for the first time
miamiherald.com/news/business/personal-finance/article284923807.html
Dollar steadies near 11-week high, Fed policy path in focus: The U.S. dollar was up slightly on Tuesday, close to its highest level in almost three months ...
reuters.com/markets/currencies/dollar-firms-near-3-month-high-rate-cut-bets-dwindle-2024-02-06/
What the surprisingly strong jobs report means for inflation and interest rates: U.S. employers hired nearly twice as many workers as expected in January.
abcnews.go.com/Business/surprisingly-strong-jobs-report-means-inflation-interest-rates/story
Quick Glance: Labor Cost Data Signals Inflation Improvement
- Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.
- The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.
- ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.
- The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
Boost in U.S. Productivity Fuels 2023 Economic Revival: In the last three months of 2023, the U.S. saw a significant rise in labor productivity.
riotimesonline.com/boost-in-u-s-productivity-fuels-2023-economic-revival/
US JOLTS Job Openings Rise in December to Highest in Three Months: US job openings unexpectedly rose in December to the highest level in three months while fewer ...
bloomberg.com/news/articles/2024-01-30/us-job-openings-unexpectedly-rise-to-three-month-high
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