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BREAKING: The US Senate dismissed both charges of illegal conduct by Homeland Security Secretary Alejandro Mayorkas, as Democrats successfully defended ...
reut.rs/3U4exM9
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage: This was supposed to be the year that US inflation rode the last mile down to 2% ...
bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
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Fed's Loretta Mester Expects Inflation to Fall Further: Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place ...
bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
Google Workers Protest Cloud Contract With Israel's Government: Google employees are staging sit-ins and protests at company offices in New York and California ...
wired.com/story/google-no-tech-for-apartheid-project-nimbus-israel-gaza-protest/
Quick Glance: No Tech for Apartheid: Google Employees Arrested for Protesting Collaboration with Israel
- Several Google employees were arrested after staging sit-ins at the company's offices in New York and California to protest the tech giant's work with the Israeli government.
- No Tech for Apartheid accuses Google of enabling Israel to develop a 'kill list' using artificial intelligence to target Palestinians in Gaza.
- The protests took place in New York, Sunnyvale, San Francisco, and Seattle, accompanied by outdoor demonstrations at the Google offices.
- An open letter with over 94,000 signatures calls for Google and Amazon to immediately halt their work on Project Nimbus.
BPI’s Bill Nelson Sees Fed Pushing Reserves Below Resistance Point: As the Federal Reserve shrinks its balance sheet, there’s a chance policymakers will keep ...
bloomberg.com/news/articles/2024-04-17/bpi-s-nelson-sees-fed-pushing-reserves-below-resistance-point
SOFR Futures: Traders Pile Into Contrarian Bet of Aggressive Fed Easing: Traders in the interest-rate futures market are piling into a contrarian bet that would ...
bloomberg.com/news/articles/2024-04-17/traders-pile-into-contrarian-bet-that-fed-will-front-run-cuts
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Biden is seeking higher tariffs on Chinese steel as he courts union voters: President Joe Biden wants to triple U.S. tariffs on steel from China ...
apnews.com/article/biden-china-steel-tariffs-union-workers-0399b0450b67086ca86edc43ac45e5e9
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
US Economy Has 'Expanded Slightly' Since Late February, Fed Beige Book Says
bloomberg.com/news/articles/2024-04-17/us-economy-expands-slightly-inflation-modest-fed-beige-book
Powell Signals High Rates for Longer Due to Persistent Inflation: Federal Reserve Chair Jerome Powell said recent inflation data have indicated it will likely ...
bloomberg.com/news/articles/2024-04-16/powell-signals-high-rates-for-longer-due-to-persistent-inflation
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Powell’s US Rates Warning Means Headaches for Rest of the World: Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the ...
bloomberg.com/news/articles/2024-04-17/powell-s-us-rates-warning-means-headaches-for-rest-of-the-world
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Biden: ‘It never occurred’ to Trump to take competitive stance on China: President Biden argued that it never occurred to former President Trump to take a ...
trib.al/Mkkwgad
Biden calls on trade rep to consider tripling tariffs on Chinese steel: The White House on Wednesday rolled out a slew of actions intended to protect the U.S ...
thehill.com/homenews/administration/4598293-biden-calls-on-trade-rep-to-consider-tripling-tariffs-on-chinese-steel/
Dems bank on Trump trial boosting Biden: Democrats are hopeful that President Biden’s freedom to hit the campaign trail while former President Trump is stuck in ...
thehill.com/homenews/campaign/4598183-democrats-bank-trump-trial-boosting-biden/
In surprise, Biden faces real threat from Trump with Hispanic voters: When President Biden visited a Mexican restaurant in Phoenix, Ariz., last month ...
thehill.com/homenews/campaign/4597632-in-surprise-biden-faces-real-threat-from-trump-with-hispanic-voters/
Fed’s Beige Book Holds Clues to Predicting Downturn, Study Shows: A trove of anecdotes on the economy gathered by the Federal Reserve over five decades may hold ...
bloomberg.com/news/articles/2024-04-17/fed-s-beige-book-holds-clues-to-predicting-downturn-study-shows
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Why Biden Should Not Debate Trump: The networks want their show, but to give the challenger equal status on a TV stage would be a dire normalization of his ...
theatlantic.com/ideas/archive/2024/04/joe-biden-donald-trump-presidential-debate/678079/
Firms in Beige Book Fret Over Any Lengthy Baltimore Port Closure: The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis ...
bloomberg.com/news/articles/2024-04-17/firms-in-beige-book-fret-over-any-lengthy-baltimore-port-closure
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'As Long As Needed': The Bloomberg Open, Europe Edition: Good morning. Jerome Powell says the Fed can wait as long as needed before cutting rates ...
bloomberg.com/news/newsletters/2024-04-17/-as-long-as-needed-the-bloomberg-open-europe-edition
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Dollar Power: Fed's Higher-for-Longer Is Turning the Currency Screws: Powell makes clear that the Fed won’t cut soon. The dollar is turning the screws ...
bloomberg.com/opinion/articles/2024-04-17/dollar-power-fed-s-higher-for-longer-is-turning-the-currency-screws
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Americans Sick of 0.01% Yields Create New Dilemma on Wall Street: Across JPMorgan Chase & Co.’s broad suite of consumer accounts, one number is just about ...
bloomberg.com/news/articles/2024-04-17/americans-sick-of-0-01-yields-create-new-dilemma-on-wall-street
Jeremy Hunt Says Thames Water Customers Shouldn’t Pay for Its Mistakes: Chancellor Jeremy Hunt said consumers in the UK shouldn’t foot the bill for mistakes made ...
bloomberg.com/news/articles/2024-04-17/hunt-says-thames-water-customers-shouldn-t-pay-for-its-mistakes
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Biden’s handling of Gaza shakes his support in the Black community: Some Black activists want voters to reject Biden over his Gaza policy. Others see Trump as a ...
washingtonpost.com/politics/2024/04/17/black-activists-gaza-palestinians/
Gold (XAUUSD) Holds Near Record as Traders Overlook Delayed Cuts Scenario: Gold held near a record-high, even as as investors weighed a shift in messaging from ...
bloomberg.com/news/articles/2024-04-17/gold-xauusd-holds-near-record-as-traders-overlook-delayed-cuts-scenario
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America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Stand Pat: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-16/stand-pat-the-bloomberg-close-americas-edition
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Biden to make Pa. swing, tout economic plans and compare his policies to Trump’s
pennlive.com/news/2024/04/biden-to-visit-pa-three-times-this-week-touting-economic-plans-comparing-his-policies-to-trumps.html
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Quick Glance: Biden Critiques Trump's Economy in Pennsylvania
- President Biden criticized Trump's economic vision and plans for a potential second term while Trump was in court.
- Biden emphasized the importance of honesty, decency, and family in economic policy.
- He advocated for higher taxes on billionaires and pledged not to increase taxes on Americans earning less than $400,000 annually.
- Biden also highlighted his efforts to improve access to healthcare and reduce prescription drug costs.
Powell’s Warning: The Bloomberg Open, Asia Edition: Good morning. The Fed chief takes a hawkish turn. IMF gets a little more optimistic, but sees many threats ...
bloomberg.com/news/newsletters/2024-04-16/powell-s-warning-the-bloomberg-open-asia-edition
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Biden Visits His Pennsylvania Hometown To Call For More Taxes On The Rich And Cast Trump As Elitist
huffpost.com/entry/election-2024-biden-scranton_n_661f49fee4b015646f79b6fd
Tech Stocks Slump in Europe as ASML Rattles High-Flying Sector: Technology stocks declined while the broader index treaded water, as ASML Holding NV reported ...
bloomberg.com/news/articles/2024-04-17/tech-stocks-slump-in-europe-as-asml-rattles-high-flying-sector
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Stock Market Today: Dow, S&P Live Updates for April 16: The world’s biggest bond market remained under pressure and stocks wavered after Jerome Powell signaled ...
bloomberg.com/news/articles/2024-04-15/stock-market-today-dow-s-p-live-updates
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Fed’s Jefferson Sees Steady Interest Rate Helping to Push Down Inflation: Federal Reserve Vice Chair Philip Jefferson said he expects inflation will continue to ...
bloomberg.com/news/articles/2024-04-16/fed-s-jefferson-sees-steady-interest-rate-helping-to-push-down-inflation
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Most don’t think Trump acted illegally in hush money case: Poll: With former President Trump’s first criminal trial officially underway, most Americans don’t ...
thehill.com/regulation/court-battles/4596627-most-dont-think-trump-acted-illegally-in-hush-money-case-poll/
Recent Data Support Rates Staying Higher for Longer: Fed Vice Chair
barrons.com/articles/rate-cuts-fed-vice-chair-jeffersin-ae880630
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Gold Seen Hitting $3,000 at Citi on Investor Inflows and Fed Expectations: Gold is set to reach $3,000 an ounce over the next six to 18 months on increasing ...
bloomberg.com/news/articles/2024-04-16/gold-seen-hitting-3-000-at-citi-as-investor-inflows-juice-rally
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Powell Dials Back Expectations on Rate Cuts: Federal Reserve Chair Jerome Powell said firm inflation had introduced new uncertainty over whether the central bank ...
wsj.com/economy/central-banking/powell-dials-back-expectations-on-rate-cuts-00e3e5d0
Higher Tariffs on Chinese Steel, Aluminum Sought by Biden in 2024 Election Push: President Joe Biden is calling for higher tariffs on Chinese steel and aluminum ...
bloomberg.com/news/articles/2024-04-17/higher-tariffs-on-chinese-steel-aluminum-sought-by-biden-in-2024-election-push
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Fed’s Powell Delivers Rate-Cut Blow, Why the Market Is Already Over It. And 5 Other Things to Know...
on.barrons.com/3xCLpUT
Philippine Peso (PHP USD) Weakens Past Key 57-Per-Dollar Level: The Philippine peso weakened past the closely watched 57-per-dollar level for the first time ...
bloomberg.com/news/articles/2024-04-17/philippine-peso-weakens-past-key-57-per-dollar-level-lv345342
Dollar edges down but still close to 5-1/2 month high, Fed, Middle East in focus
reuters.com/markets/currencies/dollar-steady-yen-fragile-after-fed-comments-dash-rate-cut-bets-2024-04-17/
Bloomberg Evening Briefing: Are Fed Rate Hikes Behind the US Economic Boom?: Get caught up.
bloomberg.com/news/newsletters/2024-04-16/bloomberg-evening-briefing-are-fed-rate-hikes-behind-the-us-economic-boom
BOE May Be Able to Cut Interest Rates Before Fed, Andrew Bailey Suggests: Bank of England Governor Andrew Bailey hinted that the UK might be able to lower ...
bloomberg.com/news/articles/2024-04-16/bailey-hints-boe-might-be-able-to-cut-rates-before-fed-in-us
Performing arts to be compulsory in CBC syllabus, says Machogu : Every school expected to take part in the performing arts competitions.
nation.africa/kenya/news/education/performing-arts-to-be-compulsory-in-cbc-syllabus-says-machogu--4591304
Republican states urge Congress to reject DEI legislation: A host of Republican-led states are urging Congress to reject two Democrat-sponsored bills aimed at ...
thehill.com/homenews/race-politics/4597936-republican-states-urge-congress-reject-dei-legislation/
Fed’s Daly Says No Urgency to Cut, Policy in a Good Place: Federal Reserve Bank of San Francisco President Mary Daly reiterated there’s no urgency to adjust ...
bloomberg.com/news/articles/2024-04-16/fed-s-daly-says-no-urgency-to-cut-policy-in-a-good-place
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Ohio GOP leaders reject Democrats' plan to get President Joe Biden on November ballot
usatoday.com/story/news/politics/elections/2024/04/16/ohio-rejects-joe-biden-ballot/73351358007/
OPM director announces imminent departure: U.S. Office of Personnel Management (OPM) director Kiran Ahuja announced she will be leaving her role in the next ...
thehill.com/homenews/administration/4599406-opm-director-announces-imminent-departure/
Biden wants to win back blue-collar voters. These Trump-won districts may offer a path.
usatoday.com/story/news/politics/elections/2024/04/16/biden-blue-collar-vote-battle/73259239007/
Emerging-Market Assets Sink to 2024 Low Amid Growth, Rate Risks: The benchmark index for emerging-market equities erased its 2024 advance and the gauge for ...
bloomberg.com/news/articles/2024-04-16/emerging-market-assets-sink-to-2024-low-amid-growth-rate-risks
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The U.S. may be entering a new era of persistently high interest rates: With the Fed’s pivot plans now in disarray, it’s 2015 in reverse.
axios.com/2024/04/17/interest-rates-inflation-us-economics
New real estate agency awaits lower mortgage rates: A new Front Street real estate firm is expecting buyers to “appear out of the woodwork” if the Federal ...
royalgazette.com/local-business/business/article/20240417/new-real-estate-agency-awaits-lower-mortgage-rates/
Stock market news today: futures higher on hawkish Fed comments: The S&P 500 and Nasdaq Composite both look set to open higher on Wednesday ...
markets.businessinsider.com/news/stocks/stock-market-news-today-futures-trend-upwards-spx-nasdaq-fed-2024-4
Powell to Discuss Economy, Monetary Policy at Tuesday Event: Fed Chairman Jerome Powell will participate in a forum with Bank of Canada Gov. Tiff Macklem.
barrons.com/articles/fed-powell-speech-economy-inflation-rates-today-c6b764c3
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Rains in Sharjah: Remote work for government departments extended till April 17: Extra day allotted for work from home after heavy rains on Tuesday
gulfnews.com/uae/government/rains-in-sharjah-remote-work-for-government-departments-extended-till-april-17-1.102191005
Central Bankers Should Retire the 2% Inflation Target: With the energy shock now a memory, central bankers require more flexible objectives.
bloomberg.com/opinion/articles/2024-04-17/central-bankers-should-retire-the-2-inflation-target
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Wyden Says Spying Bill Would Force Americans to Become an 'Agent for Big Brother'
commondreams.org/news/wyden-says-spying-bill-would-force-americans-to-become-an-agent-for-big-brother
USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts: The dollar is headed for its biggest rally in over a year on expectations US interest rates ...
bloomberg.com/news/articles/2024-04-16/usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
cnbc.com/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Discover Financial (DFS) Profit Plunges as Compliance Costs Bite: Discover Financial Services, the lender that agreed to be acquired by Capital One Financial ...
bloomberg.com/news/articles/2024-04-17/discover-financial-profit-plunges-68-as-compliance-costs-bite
Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Home owners likely to pay higher mortgage rates for a while more, say market watchers
channelnewsasia.com/singapore/homeowners-higher-mortgage-rates-property-real-estate-interest-rates-finance-federal-reserve-4266046
Quick Glance: Homeowners Face Prolonged High Mortgage Rates Amid Market Challenges
- Currently, mortgage rates can be above 4 percent. An anticipated rate decrease is now expected by the end of next year.
- Observers noted a trend of homeowners transitioning to fixed mortgage rates due to a high interest rate environment.
- Real estate agents highlighted challenges in finding tenants with an oversupply of apartments in the market.
- Analysts suggested that homeowners may need to endure longer periods of high mortgage rates before seeing significant declines.
Stocks Look More Vulnerable in Asia Than Peers on Fed Re-Pricing: An out-sized selloff in Asian shares on Tuesday is underscoring concerns about the region’s ...
bloomberg.com/news/articles/2024-04-16/stocks-look-more-vulnerable-in-asia-than-peers-on-fed-re-pricing
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Morgan Stanley Downplays Queries Into Wealth Management Clients: Morgan Stanley said federal inquiries about its efforts to monitor the background of its wealth ...
bloomberg.com/news/articles/2024-04-16/morgan-stanley-downplays-queries-into-wealth-management-clients
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While Biden Worries About the Left, the Voters He Needs Are in the Center: The president, some centrists argue, isn’t doing enough to appeal to the moderate and ...
on.wsj.com/49y9DNe
New US Home Construction Falls to Lowest Level Since August: New home construction in the US slowed last month as a leveling off in interest rates has given way ...
bloomberg.com/news/articles/2024-04-16/new-us-home-construction-falls-to-lowest-level-since-august
Five takeaways from Day 2 of Trump's hush-money trial: Trump, 77, is charged with falsifying nearly three dozen business records in an attempt to cover up a ...
nytimes.com/2024/04/16/nyregion/trump-trial-day-2-takeaways.html
OPINION | The CCP is taking Americans hostage — Biden wants to send more: Recent events and CCP laws prove Americans are not safe when traveling to China and the ...
trib.al/KUC8R8O
Pro-Palestinian protests could foreshadow a summer of upheaval : Recent pro-Palestinian protests pose a challenge for President Biden and spark debate over ...
washingtonpost.com/nation/2024/04/16/pro-palestinian-protests-us-biden/
Morgan Stanley Sees Fed Cut Delay Pushing Back Easing in Asia: Most central banks across Asia are likely to begin cutting interest rates later in the year — if ...
bloomberg.com/news/articles/2024-04-16/morgan-stanley-sees-fed-cut-delay-pushing-back-easing-in-asia
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Biden’s Narrowing Tightrope on Israel: No recent Democratic president has faced such fierce internal conflict over a foreign-policy issue.
theatlantic.com/politics/archive/2024/04/bidens-narrowing-tightrope-on-israel/678084/
Here’s what new LED lightbulb standards mean for American households: New standards for light-emitting diode (LED) lightbulbs announced by the Biden ...
trib.al/fplPwAj
Markets Are Looking Past Iran, Israel Tension. Why the Fed’s Back in Focus, And 5 Other Things to Know Before the Market Opens.
barrons.com/articles/what-to-know-today-943fa9a8
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Stock Markets Today: Rates outlook, Jerome Powell, LVMH, Morgan Stanley - Bloomberg
bloomberg.com/news/newsletters/2024-04-17/stock-markets-today-rates-outlook-jerome-powell-lvmh-morgan-stanley
Government suffers fresh Rwanda Bill defeat in Lords: Peers maintain stand-off with government over flagship controversial Rwanda deportation plan.
bbc.com/news/uk-politics-68831697
Senate Democrats split as Biden eyes strict border move: The border has proven time and again to be a no-win political issue.
axios.com/2024/04/16/senate-democrats-biden-border-immigration
Gold price forecast: Citi sees 25% soar to $3,000 over next 18 months: Citi strategists wrote in a recent note that they see gold soaring past $3 ...
markets.businessinsider.com/news/commodities/gold-price-outlook-record-high-middle-east-fed-policy-citi-2024-4
Opinion | When Biden Says ‘Don’t,’ America’s Adversaries Do: The Taliban, Vladimir Putin and now Iran have demonstrated the failure of American deterrence.
on.wsj.com/3xzzFlT
Joe Biden Gets Bad News Right Before Speech: The Fed chair Jerome Powell suggested that borrowing costs may stay higher for longer.
newsweek.com/joe-biden-bad-news-before-speech-1891024
Year of the Girl Dad: The moment for fathers to point out extraordinary female icons is now.
axios.com/2024/04/17/girl-dad-basketball-music-politics
New poll shows Biden closing gap on Trump -- but that's where good news ends for Democrats
nypost.com/2024/04/14/opinion/new-poll-shows-biden-closing-gap-on-trump-but-thats-where-good-news-ends-for-democrats/
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