Wall Street indexes end sharply higher on optimism about debt ceiling: U.S. stocks finished sharply higher on Friday as talks on raising the U.S ...
reuters.com/markets/us/futures-flat-debt-ceiling-talks-drag-inflation-data-focus-2023-05-26/
Quick Glance: Imminent Risk of Government Cash Shortage
- Treasury Secretary Yellen warns of potential payment default if debt limit is not raised or suspended soon.
- Yellen takes extraordinary measures to ensure sufficient cash on hand for government operations.
- Scheduled payments of over $130 billion, including payments to veterans and Social Security and Medicare recipients, are planned for the first week of June.
- Yellen's multiple letters to Congress emphasize the potential economic consequences of failing to raise the debt limit before the U.S. government runs out of cash to honor its obligations.
U.S. Economy Grew At Slowest Pace Since 2022 Last Quarter—But Still Far From Recession
forbes.com/sites/dereksaul/2024/04/25/us-economy-grew-at-slowest-pace-since-2022-last-quarter-but-still-far-from-recession/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
US economic growth slows but inflation grows: The world's largest economy grew less than expected but rising inflation may delay a rate cut.
bbc.com/news/business-68898432
Alphabet, Microsoft earnings show hefty AI bets are driving growth: Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that ...
reuters.com/technology/alphabet-microsoft-shares-jump-investors-cheer-ai-investment-2024-04-26/
RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f
The Fed’s preferred inflation gauge just moved in the wrong direction: Inflation remained stubbornly high last month.
cnn.com/2024/04/26/economy/pce-inflation-spending-march/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/
Quick Glance: NFL - Top-5 Earners per Position: Amon-Ra St. Brown Leads the Way
- The NFL showcases the top-5 earners per position based on average annual salary.
- Quarterbacks top the ranking, followed by Running Backs, Fullbacks, Wide Receivers, and Tight Ends.
- Other positions such as Offensive Tackle, Guard, Center, Defensive End, Defensive Tackle, Outside Linebacker, Inside Linebacker, Cornerback, Safety, Kicker, Punter, and Long Snapper were also listed.
- The list highlights the high salaries of the top players in the NFL for their respective positions.
Increase higher than inflation: Federal cabinet approves pension increase of 4.57 percent
spiegel.de/wirtschaft/rente-bundeskabinett-beschliesst-rentenerhoehung-bezuege-steigen-staerker-als-inflation-a-86189476-6c53-4fad-a05f-441aca7d5d0a
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
Paid articlePaid
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Wall Street stocks closed lower as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation ... Show more
Wall Street stocks fall as weak GDP growth spreads rate-cut gloom | Reuters
Wall Street stocks fall as weak GDP growth spreads rate-cut gloom | Reuters
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March: The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March ...
bloomberg.com/news/articles/2024-04-26/fed-s-preferred-core-inflation-gauge-rose-at-brisk-pace-in-march
Paid articlePaid
How is the Modi govt managing price risein contrast with the Manmohan Singh-led UPA? What does it mean if the inflation rate comes down?@thekorahabraham takes a look ... Show more
India, Modi and the menace of price rise | Modi report card, Ep 2 - YouTube
India, Modi and the menace of price rise | Modi report card, Ep 2 - YouTube
SNB’s Jordan Warns New Inflation Shocks Could Hit ‘Any Time’
bloomberg.com/news/articles/2024-04-26/snb-s-jordan-warns-new-inflation-shocks-could-hit-at-any-time
Inflation Data Reinforce Powell’s Shift Toward High for Longer: Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome ...
bloomberg.com/news/articles/2024-04-26/inflation-data-reinforce-powell-s-shift-toward-high-for-longer
Paid articlePaid
UK consumers feeling more confident about finances, says NatWest boss: For first time since August 2021 people expect position to be better in a year ...
theguardian.com/business/2024/apr/26/uk-consumers-feeling-more-confident-about-finances-says-natwest-boss
US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
Paid articlePaid
Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
Zimbabwe’s new ZiG Currency: How Does It Work and Can It Last?: In the latest effort to devise a credible national currency, Zimbabwe has replaced its dollar ...
bloomberg.com/news/articles/2024-04-26/zimbabwe-s-new-zig-currency-how-does-it-work-and-can-it-last
Paid articlePaid
Futures climb as Alphabet, Microsoft results lift megacaps: U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Lok Sabha Elections 2024: Water shortages, traffic aggravate Bengaluru as it votes
deccanherald.com/elections/india/lok-sabha-elections-2024-water-shortages-traffic-aggravate-indias-bengaluru-as-it-votes-2996106
Explainer: Charting the Fed's economic data flow: The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5 ...
reuters.com/markets/us/charting-feds-economic-data-flow-2024-04-05/
US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet Expectations: US Treasuries rose, sending benchmark yields down from the highest since November ...
bloomberg.com/news/articles/2024-04-26/treasury-yields-fall-after-pce-inflation-data-meet-expectations
Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
ECB Says Consumer Inflation Expectations Edged Lower in March: Inflation expectations of consumers in the euro zone inched down in March, according to the ...
bloomberg.com/news/articles/2024-04-26/ecb-says-consumer-inflation-expectations-edged-lower-in-march
Argentina's inflation fight makes peso world's strongest currency: Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top ...
markets.businessinsider.com/news/currencies/argentina-peso-us-dollar-dollarization-recession-inflation-milei-foreign-currency-2024-4
Mortgage rates continued their climb past the 7% threshold this week, sidelining affordability-sensitive buyers in their wake ... Show more
High mortgage rates hang around, reaching 7.17%
High mortgage rates hang around, reaching 7.17%
Brazil Inflation Slows More Than Expected Before Rate Decision: Brazil’s inflation cooled more than expected, giving the central bank room to maintain its ...
bloomberg.com/news/articles/2024-04-26/brazil-inflation-slows-more-than-expected-before-rate-decision
‘Persistent inflation’ will be key in Bitcoin’s run to $200K — Crypto fund manager
cointelegraph.com/news/persistent-inflation-will-be-key-in-bitcoin-s-run-to-200k-crypto-fund-manager
Turkey’s Central Bank keeps interest rates unchanged in first meeting after local elections
duvarenglish.com/turkeys-central-bank-keeps-interest-rates-unchanged-in-first-meeting-after-local-elections-news-64263
Singapore’s private home price growth slows to 1.4% amid lower sales: In the first quarter of 2024, the total stock of unsold new homes rose to 20,204 units.
straitstimes.com/business/singapore-s-private-home-price-growth-slows-to-14-amid-lower-sales
Russia Holds Rates With Little Inflation Relief in Sight: Russia kept interest rates unchanged on Friday, as inflation risks from a persistently tight labor ...
bloomberg.com/news/articles/2024-04-26/russia-extends-rate-pause-with-little-inflation-relief-in-sight
Türkiye to implement 'strong' public savings measures in H2: Şimşek: Treasury and Finance Minister Mehmet Şimşek on Friday said strong measures meant to enhance ...
dailysabah.com/business/economy/turkiye-to-implement-strong-public-savings-measures-in-h2-simsek
Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
NDR Schleswig-Holstein : In the future, the Suedlink cable should, among other things, provide relief in 2028. 👇
Q1 GDP Report: Don't Use Yesterday's News To Predict Tomorrow's Inflation: Despite the first-quarter GDP anomaly, the long-term trend suggests a soft landing ...
seekingalpha.com/article/4686661-q1-gdp-report-dont-use-yesterdays-news-to-predict-tomorrows-inflation
Paid articlePaid
Surging auto insurance rates squeezing drivers, fueling inflation. What to know before you buy
omaha.com/news/nation-world/business/personal-finance/car-insurance-premiums-geico-allstate-progressive/article_ad8948e9-b31d-584c-9840-17343a9a58b9.html
View from Pakistan: Islamabad must be proactive and normalise trade relations with New Delhi
scroll.in/article/1066933/view-from-pakistan-islamabad-must-be-proactive-and-normalise-trade-relations-with-new-delhi
Russian central bank warns of slower drop in inflation as it holds rates at 16%: Inflation is set to ease more slowly than previously thought, Russia's central ...
reuters.com/markets/europe/russian-central-bank-holds-rates-16-raises-inflation-forecast-2024-04-26/
Top Jobs: Beaumont Hospital, Bauer Media, Trinity College: In a new weekly update for Business Post subscribers every Friday our business editor Lorcan Allen ...
businesspost.ie/news/top-jobs-beaumont-hospital-bauer-media-trinity-college/
Paid articlePaid
Is it too late to invest in the gold rush?: Demand from China drove prices to a record high this month — now many suspect the normal rules no longer apply
ft.com/content/69d46a93-916c-4044-a3c4-f1b5bad2e412
Sterling steadies against dollar, jumps to 16-year high vs yen: Sterling steadied on Friday after rising to a two-week high against the dollar as markets awaited ...
reuters.com/markets/currencies/sterling-steadies-against-dollar-jumps-16-year-high-vs-yen-2024-04-26/
Jamie Dimon thinks he knows why people are so gloomy about the economy: The lowest earners have been left out of the economic boom, and it's no wonder they're ...
businessinsider.com/jamie-dimon-jpmorgan-wealth-income-inequality-economy-inflation-recession-housing-2024-4
LKQ Corporation: FY 2024 Adjusted Net Income Guidance Is Achievable: Despite weak organic growth in 1Q24, LKQ's momentum in alternative parts utilization and ...
seekingalpha.com/article/4686633-lkq-corporation-fy-2024-adjusted-net-income-guidance-achievable
Paid articlePaid
Fed’s preferred inflation metric rose to 2.7% in March: Figures come day after first-quarter data prompted investors to push back rate cut expectations
ft.com/content/2fa937d1-d7ad-462b-ab68-209506565d90
Paid articlePaid
Consumers Splurge On Services, Fixed Investment Surges, Imports Drag On GDP And There's A Blip In Government Spending
seekingalpha.com/article/4686640-consumers-splurge-on-services-fixed-investment-surges-imports-drag-on-gdp-and-theres-a-blip-in-government-spending
Paid articlePaid
Russia Holds Rates After Putin Urges Caution: Russia's Central Bank on Friday held interest rates unchanged after President Vladimir Putin cautioned against ...
themoscowtimes.com/2024/04/26/russia-holds-rates-after-putin-urges-caution-a84970
Nominal wages in Switzerland rose by 1.7 percent in 2023. At the same time, inflation rose by 2.1 percent. The purchasing power of wages therefore fell by 0 ... Show more
Korean economy grows but public feels little effect : The surprise growth of the Korean economy in the first quarter of this year appears not to be felt by the ...
koreatimes.co.kr/www/biz/2024/04/126_373557.html
Cost of preparing Jollof rice up 29.3% – Report: The SBM Jollof Index tracks how much it costs to make a pot of jollof rice for a family of five
premiumtimesng.com/agriculture/689379-cost-of-preparing-jollof-rice-up-29-3-report.html
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
Paid articlePaid
Wall Street Breakfast: Big Tech Stunner: This article discusses strong AI-driven earnings of Big Tech firms Alphabet and Microsoft, the upcoming PCE index report ...
seekingalpha.com/article/4686582-wall-street-breakfast-big-tech-stunner
The Good News on Safe Withdrawal Rates: Our annual study suggests that new retirees can spend more from their portfolios.
morningstar.com/retirement/good-news-safe-withdrawal-rates
If I Had To Retire With Only 5 Stocks, It Would Be These: Buffett once encouraged investors to only make a few high-quality investment decisions ...
seekingalpha.com/article/4686001-if-had-to-retire-with-5-stocks
Paid articlePaid
Right-Wingers Plot to Give Trump Control Over Federal Reserve If Reelected: "Under such an approach, the chair would regularly seek Trump's views on ...
commondreams.org/news/trump-federal-reserve
Inflation Focus: The Bloomberg Open, Americas Edition: Good morning. Markets brace for more insight on inflation. Jeff Bezos’s missing messages land him in hot ...
bloomberg.com/news/newsletters/2024-04-26/inflation-focus-the-bloomberg-open-americas-edition
Paid articlePaid
The yen has a yield problem the BOJ can't easily fix: As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy ...
reuters.com/markets/currencies/yen-has-yield-problem-boj-cant-easily-fix-2024-04-25/
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
- The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.
- Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.
- Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?
- Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
4.6 percent more from July: This is what you need to know about the pension increase in 2024
focus.de/finanzen/altersvorsorge/inflation-frisst-steigerung-nicht-auf-4-6-prozent-mehr-ab-juli-das-muessen-sie-zur-diesjaehrigen-rentenerhoehung-wissen_id_259888791.html
Proximus sees revenues rise by 4.5% in first quarter: The Belgian group said that its success was due to continued customer growth, as well as price increases ...
brusselstimes.com/belgium/1022922/proximus-sees-revenues-rise-by-4-5-in-first-quarter
Asia stocks, yen tentative with eyes on BOJ decision: Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most ...
reuters.com/markets/global-markets-wrapup-1-2024-04-26/
Take Five: Fed straight ahead: A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-26/
Inflation in Japan's capital slows more than expected, slides below BOJ goal: Core inflation in Japan's capital slowed much more than expected in April and fell ...
reuters.com/markets/asia/inflation-japans-capital-falls-below-boj-target-slows-2nd-month-2024-04-25/
Asian benchmarks mostly climb despite worries about U.S. economy: Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the ...
japantoday.com/category/business/stock-market-today-asian-benchmarks-mostly-climb-despite-worries-about-us-economy
Walmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers
abcnews.go.com/Business/walmart-us-ceo-talks-inflation-checkout-paying-figures/story
Japanese yen rises sharply after hitting 34-year low against dollarJapanese yen rises sharply after hitting 34-year low against dollar | The Asahi Shimbun: Breaking News, Japan News and Analysis
Politicians, the best way to divide and motivate voters is to use the ‘Power of Transport’
theglobeandmail.com/drive/culture/article-politicians-the-best-way-to-divide-and-motivate-voters-is-to-use-the/
Paid articlePaid
Stock Markets Today: BOJ decision, ECB easing call, Big Tech, Trump: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-26/stock-markets-today-boj-decision-ecb-easing-call-big-tech-trump
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics