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| Last Updated | May 29 22 |
| Total Articles | 3 |
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US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
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
Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
bloomberg.com/news/articles/2024-04-25/bill-gross-says-stick-to-value-over-tech-as-us-yields-soar
Paid articlePaid Snap Stock Jumps After Sales Projections Beat Estimates on Ads: Snap Inc. gained in extended trading after projecting that revenue in the current quarter will ...
bloomberg.com/news/articles/2024-04-25/snap-projects-sales-that-tops-estimates-on-improved-ad-business
Paid articlePaid US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
bloomberg.com/news/articles/2024-04-25/treasuries-hold-losses-after-seven-year-sale-meets-expectations
Paid articlePaid Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
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/
Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
on.barrons.com/3xSUbhu
FTX Auction: Pantera Capital Buys Another Trove of Solana Tokens (SOL): Pantera Capital was among the winning bidders for another trove of discounted Solana ...
bloomberg.com/news/articles/2024-04-25/pantera-capital-buys-another-trove-of-solana-tokens-from-ftx-estate
The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
Stripe Will Let Merchants Accept Stablecoins for Online Transactions: Stripe Inc. is bringing back crypto payments by allowing merchants using its platform to ...
bloomberg.com/news/articles/2024-04-25/stripe-will-let-merchants-accept-stablecoins-for-online-transactions
Paid articlePaid Traders See Cocoa Rally Top $15,000 on Lingering Supply Shortage: Cocoa prices have been on a tear this year and the rally may have even more room to run as bean ...
bloomberg.com/news/articles/2024-04-25/traders-see-cocoa-rally-top-15-000-on-lingering-supply-shortage
How strong is India’s economy?: It isn’t the next China, but it could still transform itself and the world
economist.com/leaders/2024/04/25/how-strong-is-indias-economy
Best Countries for Golden Visas: Tips for Applying as Programs End: Spain is the latest country to announce the end of its residency-by-investment program ...
bloomberg.com/news/newsletters/2024-04-25/best-countries-for-golden-visas-tips-for-applying-as-programs-end
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
Paid articlePaid Congress tells China: sell TikTok or we’ll ban it: Only America’s courts can save the video app now
economist.com/business/2024/04/24/congress-tells-china-sell-tiktok-or-well-ban-it
Top Cocoa Grower Seeks to Avoid Export Defaults After Price Hike: Ivory Coast is seeking to avoid a wave of cocoa-export defaults with a plan to compensate ...
bloomberg.com/news/articles/2024-04-25/top-cocoa-grower-seeks-to-avoid-export-defaults-after-price-hike
US Pending Home Sales Jump in March to Hit Highest in Year: Pending sales of existing US homes in March reached their highest levels in a year in spite of ...
bloomberg.com/news/articles/2024-04-25/us-pending-home-sales-jump-in-march-to-hit-highest-in-year
Paid articlePaid Household Debt Hits Record High As Indians Splurge, Study Shows: India’s household debt likely surged to a record in the final three months of last year ...
bloomberg.com/news/articles/2024-04-25/household-debt-hits-record-high-as-indians-splurge-study-shows
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Here's Who's Winning the Global Fight for AI Talent: Inside the competition for top-tier researchers.
bloomberg.com/news/articles/2024-04-25/here-s-who-s-winning-the-global-fight-for-ai-talent
Paid articlePaid White-Collar Hiring Stalls Out in Miami, Austin Job Markets: Hiring in professional services, finance and technology is running at one-third the rate of the ...
bloomberg.com/news/articles/2024-04-25/white-collar-hiring-stalls-out-in-miami-austin-job-markets
Steelmaker Posco Rethinks Investment Plan in Battery Metals: Posco Holdings Inc. said it will slow the pace of its planned investments in battery metals in the ...
bloomberg.com/news/articles/2024-04-25/steelmaker-posco-rethinks-investment-plan-in-battery-metals
Paid articlePaid US TikTok Divest-or-Ban Bill Raises Questions of How China Will Respond: Now that President Joe Biden has signed off on a law that could expel TikTok from the US ...
bloomberg.com/news/articles/2024-04-24/tiktok-ultimatum-puts-us-firms-in-firing-line-for-china-response
Quick Glance: What Lies Ahead for TikTok in the US?
- The US Senate has unanimously approved a bill that could potentially lead to the banning of TikTok within nine months, unless its Chinese owner, ByteDance, withdraws from the video-sharing app due to concerns about national security threats.
- President Joe Biden has confirmed his intention to sign the legislation on Wednesday.
- ByteDance acquired the well-known karaoke app Musical.ly and rebranded it as TikTok back in 2017. It has become one of the fastest-growing applications in the United States, boasting 150 million monthly subscribers.
Net Zero Insurance Alliance Breaks Up Amid ESG Attacks: What was once the world’s biggest climate alliance for insurers is now being discontinued ...
bloomberg.com/news/articles/2024-04-25/insurers-group-targeted-by-anti-esg-campaign-is-being-replaced
IPO Rebound Creates $5.8 Billion in Wealth From Nursing to Tech: A re-awakened market for initial public offerings is creating new fortunes across the US.
bloomberg.com/news/articles/2024-04-25/ipo-rebound-creates-5-8-billion-in-wealth-from-nursing-to-tech
These 'Expressive Avatar' Deepfakes From a Billion-Dollar AI Startup Look Scary Real — Here's Who's Already Using the Technology
entrepreneur.com/business-news/ai-clones-get-human-emotions-synthesia-deepfakes-look-real/473241
Revival in Japanese Stock Market Hinges on Domestic Demand Taking Hold: Japan’s stock market needs to see more domestically-oriented companies step up their game ...
bloomberg.com/news/articles/2024-04-25/revival-in-japanese-stock-market-hinges-on-domestic-demand-taking-hold
Some US troops set to depart Chad, at least temporarily: The United States is planning to temporarily withdraw some of its troops from Chad, U.S ...
reuters.com/world/some-us-troops-set-depart-chad-least-temporarily-2024-04-25/
Barclays Leads European Banks in Showing Path After Rate Hikes: Europe’s biggest investment banks delivered further evidence that as the boost from rising ...
bloomberg.com/news/articles/2024-04-25/barclays-leads-european-banks-in-showing-path-after-rate-hikes
Paid articlePaid Hedge Fund Founder Claims Controversial Tax Trades Were ‘Completely Legal’: Sanjay Shah, the hedge fund founder accused of masterminding a Cum-Ex trading scheme ...
bloomberg.com/news/articles/2024-04-25/hedge-fund-founder-claims-controversial-tax-trades-were-completely-legal
Paid articlePaid Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
bloomberg.com/news/articles/2024-04-24/stock-market-today-dow-s-p-live-updates
Paid articlePaidQuick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
Bitcoin Is Falling. ‘Bears Are Plotting a New Attack.’: Cryptos are likely to be sensitive to tech earnings and macroeconomic catalysts as the Bitcoin price ...
on.barrons.com/3Wau4gd
Jefferies CEO Just Sold $65 Million of Company Stock. He’s Buying a Yacht.: Jefferies CEO Rich Handler said the boat will be a “gift to myself and my family” and ...
barrons.com/articles/jefferies-ceo-stock-yacht-0bbe9020
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Snap shares soar 25% as company beats on earnings, shows strong revenue growth: Snap reported first-quarter results that beat analysts' estimates
cnbc.com/2024/04/25/snap-snap-q1-2024-earnings-.html
US Births Fell Last Year to Lowest Total Since 1979, Report Says: US births declined in 2023 to their lowest level in more than 40 years, continuing a two-decade ...
bloomberg.com/news/articles/2024-04-25/us-births-fell-last-year-to-lowest-total-since-1979-report-says
Paid articlePaid CVC Ups Deal Size to €2.3 Billion, May Price IPO at Mid-Point: CVC Capital Partners increased the size of its initial public offering by €500 million ($536 ...
bloomberg.com/news/articles/2024-04-25/cvc-ups-deal-size-to-2-3-billion-may-price-ipo-at-mid-point
Paid articlePaid Persistently High Commodity Prices Could Delay Interest Rate Cuts, World Bank Says
on.wsj.com/3W8wUSS
Bristol Myers Cuts Full-Year Earnings Forecast, Launches Cost Cuts: Bristol Myers s implementing an initiative to cut costs by $1.5 billion by 2025 that will ...
on.barrons.com/3UhyzTH
The tech wars are about to enter a fiery new phase: America, China and the battle for supremacy
economist.com/international/2024/04/25/the-tech-wars-are-about-to-enter-a-fiery-new-phase
Why It’s Time to Sell Your Oil Stocks: The shares of oil companies have enjoyed an impressive rally and are unlikely to gain much more.
barrons.com/articles/sell-oil-stocks-f591416c
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Israel-Gaza war: USA, Germany and other states call on Hamas to release all hostages
spiegel.de/ausland/israel-gaza-krieg-usa-deutschland-und-weitere-staaten-rufen-hamas-zur-freilassung-aller-geiseln-auf-a-29a6c427-0e64-41a5-b8a8-9d6789e33fd1
Wheeler School Takes on Debt to Upgrade Campus: The Wheeler School, where heiress Gloria Vanderbilt attended, is joining other elite private schools in taking on ...
bloomberg.com/news/articles/2024-04-25/gloria-vanderbilt-s-prep-school-joins-boomlet-in-muni-market
Caterpillar Crushes EPS Views, But Sales Are Light: Caterpillar earnings muscled past estimates, but sales dipped from a year ago. Profit margins expanded but ...
investors.com/news/caterpillar-earnings-q1-dow-jones-cat-stock/
Property Billionaire Hit by Muddy Waters Short Plans Asset Sales to Cut Debt: Czech real estate billionaire Radovan Vitek is doubling his asset-sale target ...
bloomberg.com/news/articles/2024-04-25/property-billionaire-hit-by-muddy-waters-short-plans-asset-sales-to-cut-debt
Paid articlePaid America’s latest aid will give Ukraine only a temporary reprieve: The bitterness of the struggle in Washington is a sign of trouble ahead
economist.com/leaders/2024/04/24/congress-has-given-ukraine-a-reprieve-with-its-new-aid-package
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
Ukraine war: USA delivered long-range missile: The United States has supplied Kiev with longer-range ATACMS missiles. Meanwhile, Chancellor Scholz sticks to his ...
zdf.de/nachrichten/politik/ausland/atacms-raketen-usa-ukraine-krieg-russland-100.html
Quick Glance: USA Provides Ukraine with Long-Range ATACMS Missiles
- The USA delivered short-range ATACMS missiles with extended range to Ukraine to protect the country.
- The delivery was discreet, part of an aid package to maintain Ukraine's operational security.
- The USA previously provided ATACMS missiles with a range of 165 km last year, now supplying missiles with up to 300 km range.
- Germany rejects providing the Taurus missile while the USA offers extensive aid to Ukraine.
How FTC Ban of Noncompete Clauses Affects Companies, Workers: For decades, noncompete employment agreements have prevented all sorts of workers — doctors ...
bloomberg.com/news/articles/2024-04-25/how-ftc-ban-of-noncompete-clauses-affects-companies-workers
Paid articlePaid Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Puig: Billionaire Owners of Jean Paul Gaultier and Rabanne Plan for IPO: The Puig family is taking its eponymous company public as the next generation won't ...
bloomberg.com/news/articles/2024-04-25/puig-billionaire-owners-of-jean-paul-gaultier-and-rabanne-plan-for-ipo
Paid articlePaid Mark Zuckerberg Warned Investors That Meta's AI Investment Won't Pay Off Immediately
entrepreneur.com/business-news/meta-stock-falls-zuckerberg-says-ai-investments-take-time/473247
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
Airline teams up with hoteliers on holiday package deals: Island airline BermudAir has partnered with the Bermuda Hotel Association to offer a range of holiday ...
royalgazette.com/tourism/news/article/20240425/airline-teams-up-with-hoteliers-on-holiday-package-deals/
Vista-Backed Solera Seeking More Than $1 Billion in IPO: Vista Equity Partners-backed automotive data and software services provider Solera is weighing an ...
bloomberg.com/news/articles/2024-04-25/vista-backed-solera-seeking-more-than-1-billion-in-ipo
CEOs are quitting at record rates, and women are twice as likely as men to leave: Women CEOs are twice as likely as men to quit within 2 years, and four times as ...
cnbc.com/2024/04/25/1-in-4-women-ceos-quit-within-2-years-more-than-twice-the-rate-of-men.html
U.S. Economic Growth Slows to 1.6%: U.S. economic growth slowed in the first part of the year, falling short of economists’ expectations.
on.wsj.com/3UypAig
Wind Firm OX2 Plunges Most Since IPO After First Quarterly Loss: Shares in OX2 AB fell the most since listing three years ago after the Swedish wind firm ...
bloomberg.com/news/articles/2024-04-25/wind-firm-ox2-plunges-most-since-ipo-after-first-quarterly-loss
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The US is now allowed to seize Russian state assets. How would that work?: The big U.S. aid package for Ukraine and other allies that President Joe Biden signed ...
apnews.com/article/russia-ukraine-treasury-sanctions-assets-congress-0a3bc97a2d6d77ce3650c767db6ea7ed
Live Trading With Benzinga | April 25th, 2024: Benzinga Live on X (Twitter)
twitter.com/i/broadcasts/1YpKkwLQLyBKj
Oil eases as US demand concerns outweigh Middle East fears: Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel ...
reuters.com/markets/commodities/oil-eases-us-demand-concerns-outweigh-fears-over-middle-east-conflicts-2024-04-25/
Churchill Downs (CHDN) Shares Jump After Record Earnings: Churchill Downs Inc. is charging ahead of the pack Thursday after posting record revenues and earnings ...
bloomberg.com/news/articles/2024-04-25/churchill-downs-shares-jump-most-in-a-year-on-record-earnings
US Stock Market Uncertainty Has Traders Buying Put Options to Hedge Portfolios: Stock market investors who have been reluctant to hedge their portfolios in the ...
bloomberg.com/news/articles/2024-04-24/reluctant-traders-protect-themselves-from-further-market-mayhem
Paid articlePaid Cathie Wood’s Fintech ETF Bleeds Assets After 93% Return Last Year: Cathie Wood’s retail army has gone AWOL all year – even in her best-performing ...
bloomberg.com/news/articles/2024-04-25/cathie-wood-s-fintech-etf-bleeds-assets-after-93-return-last-year
Spotify's CEO Says Laying Off Many Employees All at Once May Have Been a Mistake: Daniel Ek admits a classic error of making widespread job cuts to reduce costs ...
trib.al/xWGqfT1
Merck to Report Earnings One Month After Major Drug Approval. What Investors Are Watching.
on.barrons.com/3xRK64u
Strong US Dollar Has Investors Seeking Cover in Exporters Boosted by FX: The surging dollar has hurt stocks outside the US but one group at least stands to gain: ...
bloomberg.com/news/articles/2024-04-25/dollar-wrecking-ball-sees-investors-look-for-cover-in-exporters
Ford Earnings Surprise Wall Street. Auto Giant Maintains 2024 Profit Outlook.: Ford earnings for Q1 came in after the market closed on Wednesday ...
investors.com/news/ford-earnings-decline-expected-investors-await-2024-outlook/
India’s difficult business environment is improving : The changes are allowing Indian firms to become more dynamic
economist.com/special-report/2024/04/22/indias-difficult-business-environment-is-improving
GE Stock Rises Above 2008 Levels. Wall Street Is Staying Bullish.
barrons.com/articles/ge-stock-wall-street-bullish-ae94bab6
Paid articlePaid Investors Balk at Private Equity Firms Borrowing Against Their Funds’ Assets: Private equity firms are attempting to get blanket permission to borrow against ...
bloomberg.com/news/articles/2024-04-24/investors-balk-at-pe-firms-borrowing-against-their-funds-assets
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Jamie Dimon says consumers are in 'good shape' — even if a recession hits: But things could be different if the economy falls into 1970s-style "stagflation ...
qz.com/jamie-dimon-recession-us-economy-consumers-stagflation-1851431819
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
US Oil Refiners’ Profits Seen Taking Hit on Gloomy Outlook (MPC, PSX, VLO): US oil refiners that have been among this year’s strongest S&P 500 performers are ...
bloomberg.com/news/articles/2024-04-24/oil-refining-profits-seen-at-two-year-lows-on-gloomy-outlook
China stands by economic data, says defence spending 'transparent': China defended the veracity of its economic numbers and asserted its military spending was ...
reuters.com/world/china-stands-by-economic-data-says-defence-spending-transparent-2024-04-25/
Cocoa Price Swings Are the Craziest Since the 1970s: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over ...
bloomberg.com/news/articles/2024-04-24/cocoa-price-swings-are-the-craziest-since-the-1970s
Paid articlePaid This is what purchasing managers are saying about the economic outlook around the world, be it good or bad
How the World’s Purchasing Managers See Current Business Conditions: Manufacturers are on the front-edge of the world economy and this is what purchasing ...
bloomberg.com/graphics/global-pmi-tracker/
Stripe Makes It Easier for Merchants to Process Payments: Stripe Inc. is making it easier for merchants to use its financial-services offerings with the ...
bloomberg.com/news/articles/2024-04-24/stripe-unlocks-its-all-or-nothing-payment-processing-approach
Swire Seeks $100 Million for Miami Penthouse on Brickell Key Island: Swire Properties Inc. is seeking $100 million for the penthouse atop a 66-story tower on ...
bloomberg.com/news/articles/2024-04-25/miami-developer-seeks-100-million-for-penthouse-on-tiny-island
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