Wall Street falls sharply to close its worst week in nearly 18 months: Another rout hit Wall Street Friday, with formerly high-flying technology stocks again ...
business-standard.com/world-news/wall-street-falls-sharply-to-close-its-worst-week-in-nearly-18-months-124090700038_1.html
Stocks sink on Wall Street after a mixed jobs report, leaving the market with its worst weekly loss in 18 months
sun-sentinel.com/2024/09/06/stocks-sink-on-wall-street-after-a-mixed-jobs-report-leaving-the-market-with-its-worst-weekly-loss-in-18-months/
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Wall Street falls sharply to close its worst week in nearly 18 months: Another rout hit Wall Street Friday, with formerly high-flying technology stocks again ...
business-standard.com/world-news/wall-street-falls-sharply-to-close-its-worst-week-in-nearly-18-months-124090700038_1.html
Stocks sink on Wall Street after a mixed jobs report, leaving the market with its worst weekly loss in 18 months
sun-sentinel.com/2024/09/06/stocks-sink-on-wall-street-after-a-mixed-jobs-report-leaving-the-market-with-its-worst-weekly-loss-in-18-months/
Inflation falls to 2.4%, lowest in three years: It's the latest report indicating that the inflation crisis is in the rear view mirror.
axios.com/2024/10/10/cpi-report-september-inflation-economy
The lasting legacy of Ratan Tata, the business icon: Ratan Tata, the revered chairman emeritus of Tata Sons and one of India's most respected business ...
thedailystar.net/tech-startup/news/the-lasting-legacy-ratan-tata-the-business-icon-3724331
Quick Glance: Ratan Tata: Visionary Leader of Tata Group Passes Away
- Ratan Tata, former chairman of the Tata Group, has died at 86, marking a significant loss for a prominent leader.
- He led the company for over 20 years and was known for strategic acquisitions that brought global recognition.
- Tata was a visionary businessman, valued for his philanthropic efforts and modest lifestyle.
- His legacy includes major acquisitions and innovations, such as the first Indian car, the Tata Indica, and the affordable Tata Nano.
Fed's Powell: US economy solid, gradual interest rate cuts coming: Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline ...
apnews.com/article/powell-federal-reserve-interest-rate-cuts-c8eed8640d8bd5b7fcb2a47ec70960e6
Quick Glance: Powell: Interest Rate Adjustments to Strengthen Economy
- Federal Reserve Chair Jerome Powell indicated gradual interest rate cuts to support the healthy US economy.
- Rates were lowered to 4.8% in early September, with two additional quarter-point cuts anticipated by year-end.
- Powell noted inflation fell to 2.2% in August, while the unemployment rate slightly decreased to 4.2%.
- The Fed is focusing on stabilizing prices and employment as the economy and job market remain robust.
Dow rallies to a record after a blockbuster jobs report: NEW YORK — U.S. stocks rallied to close the week Oct. 4 after a surprisingly strong report on the U.S ...
postandcourier.com/dow-rallies-to-a-record-after-a-blockbuster-jobs-report/article_2e7b2f40-8291-11ef-83c4-575318afc649.html
Average US 30-year mortgage rate surges to 6.32%, adding pressure to buyers facing high home prices
apnews.com/article/mortgage-rates-housing-interest-financing-home-loan-3df1fcb24d725e0bc541abb541988b74
Inflation Is Normalizing, but Won't Mean Another Jumbo Interest Rate Cut: While today's inflation report is encouraging, the Federal Reserve will take its time ...
cnet.com/personal-finance/inflation-is-normalizing-but-wont-mean-another-jumbo-interest-rate-cut/
BlackRock (BLK) Hits $11.5 Trillion of Assets as Private Markets Grow: BlackRock Inc. pulled in a record $221 billion of total client cash last quarter ...
bloomberg.com/news/articles/2024-10-11/blackrock-hits-11-5-trillion-of-assets-as-private-markets-grow
Fed Minutes: Powell Got Some Pushback on Size of September Rate Cut: Federal Reserve Chair Jerome Powell received some pushback on a half-point interest-rate cut ...
bloomberg.com/news/articles/2024-10-09/fed-minutes-show-robust-debate-about-size-of-september-rate-cut
Harris’ proposals would increase the national debt, but Trump’s would add even more, study finds
cnn.com/2024/10/07/politics/debt-harris-trump-proposals/
Fed’s Daly Sees One or Two More Quarter-Point Cuts This Year: Federal Reserve Bank of San Francisco President Mary Daly said she expects the US central bank will ...
bloomberg.com/news/articles/2024-10-09/fed-s-daly-sees-one-or-two-more-quarter-point-cuts-this-year
Fed Shouldn’t Cut Interest Rates Further This Year, Says One Economist: Sticky inflation argues against the Federal Reserve cutting interest rates at its two ...
barrons.com/articles/federal-reserve-rates-dollar-stocks-nuclear-energy-723c7ef1
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The Federal Reserve may have pretty much just hit its 2% inflation target: This week’s inflation data provided more evidence that the Federal Reserve is nearing ...
cnbc.com/2024/10/11/the-federal-reserve-may-have-pretty-much-just-hit-its-2percent-inflation-target.html
TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case: The penalty was the largest ever imposed by U.S. officials on a bank for violating ...
nytimes.com/2024/10/10/business/td-bank-fine.html
Quick Glance: TD Bank Faces $3 Billion Penalty for Money Laundering
- TD Bank will pay $3 billion to settle charges related to inadequate monitoring of money laundering by drug cartels.
- The penalty includes $1.3 billion to the US Treasury and $1.8 billion to the US Justice Department, with the bank pleading guilty.
- The bank has acknowledged systemic failures in its transaction monitoring and is hiring over 700 specialists to improve anti-money laundering efforts.
- US regulators will monitor TD Bank's growth for four years, impacting the company's financial outlook.
Fed’s Goolsbee Expects Rates Cuts to Continue in 2025: Federal Reserve Bank of Chicago President Austan Goolsbee expects rates to fall to 2.5% to 3 ...
on.barrons.com/4h2iXxB
Logan Says Fed Should Cut ‘Gradually’ Amid Economic Uncertainty: Federal Reserve Bank of Dallas President Lorie Logan said the central bank should lower interest ...
bloomberg.com/news/articles/2024-10-09/logan-says-fed-should-cut-gradually-amid-economic-uncertainty
Gold (XAUUSD) Set for Weekly Loss as Mixed US Data Muddy Fed’s Rate Path: Gold steadied to remain on track for a weekly loss, after hotter-than-expected ...
bloomberg.com/news/articles/2024-10-11/gold-xauusd-set-for-weekly-loss-as-mixed-us-data-muddy-fed-s-rate-path
US Consumer Spending Is Increasingly Driven by Richer Households: The consumers powering US economic growth are increasingly those who are higher up the income ...
bloomberg.com/news/articles/2024-10-11/us-consumer-spending-is-increasingly-driven-by-richer-households
Austan Goolsbee Explains the Fed’s Big Rate Cut: And where the risks are now.
bloomberg.com/news/articles/2024-10-11/austan-goolsbee-explains-the-fed-s-big-rate-cut
Bond Traders’ Big Week Ends With Fed Rate Cuts Even Less Certain: The bond market is growing less convinced by the day that the Federal Reserve will embark on ...
bloomberg.com/news/articles/2024-10-11/bond-traders-big-week-ends-with-fed-rate-cuts-even-less-certain
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Bond Market Volatile on Fed Rate-Cut Path Uncertainty, El-Erian Says: Mohamed El-Erian says that the guessing game that’s taking place over the Federal Reserve’s ...
bloomberg.com/news/articles/2024-10-08/el-erian-says-bond-market-lacks-anchors-for-fed-rate-cut-path
JPMorgan net income falls as bank sets aside more money to cover potential bad loans
apnews.com/article/jpmorgan-earnings-bank-interest-loans-faec1fdd73f911ac70e9e659f852c603
US adds 254K jobs in September, blowing past expectations: The U.S. added 254,000 jobs in September, and the unemployment rate ticked lower to 4.1 percent ...
thehill.com/business/4914910-september-jobs-report-254k-jobs/
Quick Glance: Strong Job Growth in September
- The U.S. added 254,000 jobs in September, lowering the unemployment rate to 4.1 percent.
- These figures exceeded economists' expectations of 140,000 new jobs and a rate of 4.2 percent.
- President Biden described the report as good news for American workers and families, highlighting the creation of 16 million jobs since taking office.
- The Federal Reserve cut interest rates by 50 basis points as inflation eased, contributing to the stability of the current job market.
Interest-Rate Cut: Summers Says September 50 Basis Point Cut Was 'Mistake'
bloomberg.com/news/articles/2024-10-04/summers-says-50-basis-point-cut-in-september-was-a-mistake
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Sell Yen Is ‘Most Popular Trade’ as Investors Brace for CPI Risk: “Sell Japan’s currency” is becoming an ever-more popular rallying cry as investors prepare for ...
bloomberg.com/news/articles/2024-10-10/sell-yen-is-most-popular-trade-as-investors-brace-for-cpi-risk
Private Equity: Will Lower Interest Rates Help Firms Return to Better Days?: An industry that runs on debt is hoping better days — and more dealmaking — are ...
bloomberg.com/news/articles/2024-10-01/private-equity-why-is-it-in-a-funk-what-s-the-outlook
Bond Traders Add to Bets for a Quarter-Point Fed Cut in November: Bond investors lifted wagers that the Federal Reserve will cut interest rates by a quarter ...
trib.al/C4F41pr
Wall Street Strategists Say Jobs Surprise Bodes Well for Stocks: Two of Wall Street’s top strategists have turned more optimistic about US stocks on signs of a ...
bloomberg.com/news/articles/2024-10-07/wall-street-strategists-say-jobs-surprise-bodes-well-for-stocks
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Harris Struggling to Put Some Distance Between Herself and Biden: This is Washington Edition, the newsletter about money, power and politics in the nation’s ...
bloomberg.com/news/newsletters/2024-10-11/harris-struggling-to-put-some-distance-between-herself-and-biden
Biden calls out Rubio for false claim that solid jobs report is ‘fake’: “The jobs numbers are what the jobs numbers are. They’re real,” President Joe Biden told ...
washingtonpost.com/politics/2024/10/04/biden-jobs-report-rubio/
RBC BlueBay Sees Risk of Trump, Harris Policies Fueling Fed Hike: There is a risk the Federal Reserve has to raise interest rates next year given the ...
bloomberg.com/news/articles/2024-10-09/risk-of-fed-hike-next-year-leads-rbc-bluebay-to-inflation-bets
Fed’s Jefferson Says Risks to Inflation, Employment Now Balanced: Federal Reserve Vice Chair Philip Jefferson said risks to the central bank’s employment and ...
bloomberg.com/news/articles/2024-10-08/fed-s-jefferson-says-risks-to-inflation-employment-now-balanced
Economic outlook: Inflation is dead and the economy is healthy: The Federal Reserve has pulled off a soft landing, a rare achievement.
bostonglobe.com/2024/10/07/business/economic-outlook/
BlackRock CEO Larry Fink Says Market Is Wrong to Bet on So Many Fed Cuts: BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many ...
bloomberg.com/news/articles/2024-10-01/blackrock-s-fink-says-market-is-wrong-to-bet-on-so-many-fed-cuts
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BlackRock Says US Bond Yields ‘Closer to Fair’ After Selloff: A sharp selloff in US Treasuries is helping the bond market’s valuations look more reasonable in ...
bloomberg.com/news/articles/2024-10-09/blackrock-says-us-bond-yields-closer-to-fair-after-selloff
Fed’s Collins Sees More Rate Cuts Ahead to Freeze the Economy Where It Is Now: Federal Reserve Bank of Boston President Susan Collins sees further interest rate ...
barrons.com/articles/fed-collins-rate-cuts-economy-968c77e4
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Trump casts 'election interference' label on everything while facing federal charges
nbcnews.com/politics/donald-trump/trump-casts-election-interference-label-everything-facing-federal-char-rcna173754
Quick Glance: Trump Accuses Interference Ahead of 2024 Election
- Donald Trump continues to propagate false claims that the 2020 election was stolen while warning of alleged rigging for the 2024 election.
- His campaign has cited numerous examples of supposed election interference but provided no concrete evidence of cheating.
- Trump accused the Secret Service and Google of election interference without substantial proof of wrongdoing.
- He has also made unfounded allegations against Democrats while highlighting the risks of foreign interference.
S&P 500 Index: $8 Trillion Rally Will Be Tested by Tricky Earnings Season: Traders are staring down a series of risks after the stock market’s torrid start to ...
bloomberg.com/news/articles/2024-10-06/s-p-s-8-trillion-rally-will-be-tested-by-tricky-earnings-season
Mohamed El-Erian Warns Fed After Jobs Data: ‘Inflation Is Not Dead’: Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against ...
bloomberg.com/news/articles/2024-10-04/el-erian-warns-fed-after-jobs-data-inflation-is-not-dead
Stock Markets Today: China stock rally fizzles, oil slumps, Fed rate-cut caution: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-10-08/stock-markets-today-china-stock-rally-fizzles-oil-slumps-fed-rate-cut-caution
Trump casts 'election interference' label on everything while facing federal charges
nbcnews.com/politics/donald-trump/trump-casts-election-interference-label-everything-facing-federal-char-rcna173754
Annual inflation rate drops to 2.4 percent, lowest since February 2021: Consumer prices rose slightly in September as the Federal Reserve prepared to cut ...
thehill.com/business/4926065-annual-inflation-rate-ticks-lower-to-2-4-percent/
Call for Reserve Bank to go 'harder and faster': Massive job losses are putting pressure on the Reserve Bank to aggressively cut interest rates.
newsroom.co.nz/2024/10/01/call-for-reserve-bank-to-go-harder-and-faster/
Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise: The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and ...
bloomberg.com/news/articles/2024-10-06/bond-traders-buckle-up-for-no-landing-after-jobs-surprise
Short Treasury Bets Emerge as Big Fed Rate Cut Expectations Vanish: Traders are beginning to bet on losses in the US Treasury market as they price in a more ...
bloomberg.com/news/articles/2024-10-08/short-treasury-bets-emerge-as-big-rate-cut-expectations-vanish
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China is oversupplying lithium to eliminate rivals, US official says: Chinese lithium producers are flooding the global market with the critical metal and ...
reuters.com/markets/commodities/china-is-oversupplying-lithium-eliminate-rivals-us-official-says-2024-10-08/
Brevan Howard Posts Best Monthly Return Since 2022 on Fed Rate Cut: Brevan Howard Asset Management returned 5.1% in September, its best monthly return since 2022 ...
bloomberg.com/news/articles/2024-10-08/brevan-posts-best-monthly-return-since-2022-on-fed-rate-cut
Hurricane Helene: Couple found dead hugging each other in bed after hurricane: Jerry Savage, 78, and Marcia, 74, were killed when a tree fell on their home in ...
news.sky.com/story/hurricane-helene-couple-found-dead-hugging-each-other-in-bed-after-hurricane-13227033
Quick Glance: Tragic Loss of Grandparents in Hurricane Helene
- John Savage found his grandparents, Marcia and Jerry, embraced after a tree fell on their bedroom during the hurricane.
- They were among over 150 victims of the storm, which caused severe damage and flooding across multiple states.
- Marcia was a dedicated bank teller and church member, while Jerry worked as an electrician and carpenter.
- The family remembers them as generous and loving individuals who shared many joyous holidays together.
US CPI Data Will Likely Show Further Disinflation in September: Economists anticipate that key measures of inflation decelerated in September ...
bloomberg.com/news/articles/2024-10-09/us-cpi-data-will-likely-show-further-disinflation-in-september
Stocks flat, longer-dated Treasury yields climb after CPI data, Fed comments: Global stocks were little changed while longer-dated U.S. Treasury yields edged up ...
reuters.com/markets/global-markets-wrapup-1-2024-10-10/
Biggest US Banks Face Revenue Pressure in New Era of Rate Cuts: Big bank investors parsing through the industry’s third-quarter results this week will face ...
bloomberg.com/news/articles/2024-10-09/biggest-us-banks-face-revenue-pressure-in-new-era-of-rate-cuts
US Consumer Sentiment Unexpectedly Falls on High Cost of Living: US consumer sentiment unexpectedly fell for the first time in three months as lingering ...
bloomberg.com/news/articles/2024-10-11/us-consumer-sentiment-unexpectedly-falls-on-high-cost-of-living
Fed’s Bostic Eyes Hurricane Fallout as Economic Risks Remain Balanced: Atlanta Fed President Raphael Bostic said storms such as Helene and Milton have ...
barrons.com/articles/fed-bostic-hurricane-economic-risks-96852610
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Fed’s Kugler Calls for ‘Balanced Approach’ to Future Rate Cuts: Federal Reserve Governor Adriana Kugler said the US central bank should keep its focus on ...
bloomberg.com/news/articles/2024-10-08/fed-s-kugler-calls-for-balanced-approach-to-future-rate-cuts
Corporate Bonds Gain an Edge Over Stocks as Fed Cuts: The outlook for corporate debt is improving now that the Federal Reserve has begun cutting interest rates ...
bloomberg.com/news/articles/2024-10-07/corporate-bonds-gain-an-edge-over-stocks-as-fed-cuts
US economy added a whopping 254,000 jobs last month: Economists had projected the US added 140,000 jobs in September and the unemployment rate held steady at 4 ...
cnn.com/business/live-news/us-jobs-report-september-10-04-24/
Job growth surged in September as unemployment rate edged down: The big gain is a relief after previous data suggested the job market was sluggish.
axios.com/2024/10/04/jobs-report-september-2024-economy-unemployment
How a Rates Rethink After Strong Jobs Data Could Shake Up Markets: A great September jobs report could prompt the Fed to revise its rate cut plans and pace.
reuters.com/markets/us/how-rates-rethink-after-strong-us-jobs-data-could-shake-up-markets-2024-10-07/
Hedged-Up Wall Street Traders Still Haunted by August Meltdown: Take a snapshot of markets right now, and it’s a picture of health. Stocks are at records ...
bloomberg.com/news/articles/2024-10-11/hedged-up-wall-street-traders-still-haunted-by-august-meltdown
Pimco Says Buy Five-Year Bonds as Fed Sticks the Soft Landing: Investors who expect central banks in industrialized nations to successfully tap the brakes on ...
bloomberg.com/news/articles/2024-10-09/pimco-says-buy-five-year-bonds-as-fed-sticks-the-soft-landing
Fact-Checking Vance and Walz on the Campaign Trail: Gov. Tim Walz of Minnesota has acted as attack dog for the Harris campaign, and Senator JD Vance of Ohio has ...
nytimes.com/2024/10/01/us/politics/vance-walz-campaign-fact-check.html
Quick Glance: Vance Intensifies Campaign Rhetoric After Debate
- JD Vance has shifted back to an aggressive tone after his debate with Tim Walz, abandoning the previously displayed 'Midwest nice' demeanor.
- He praised his debate performance, which Donald Trump termed 'fantastic,' and shared insights from a conversation with Trump post-debate.
- Vance criticized Walz, labeling his remarks about school shooters as 'dumb,' and also referred to Vice President Kamala Harris as an 'absolute disgrace.'
- Throughout his speeches, Vance incorporated personal narratives to defend the Trump agenda while positioning himself as a champion of the working class.
Jobs Report Gives Kamala Harris Another Boost: Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut ...
nytimes.com/2024/10/04/business/jobs-report-harris-economy.html
Ringgit opens lower as US signals gradual approach to cutting interest rates
thestar.com.my/business/business-news/2024/10/10/ringgit-opens-lower-as-us-signals-gradual-approach-to-cutting-interest-rates
Oil Prices Surge Amid Middle East Tensions: A Global Market Ripple Effect: On October 7, 2024, oil prices climbed sharply as tensions in the Middle East ...
riotimesonline.com/oil-prices-surge-amid-middle-east-tensions-a-global-market-ripple-effect/
Fed rate cuts provide significant boost to banks amid economic uncertainty : The recent decisions by the Federal Reserve to cut interest rates have sparked a ...
wionews.com/business-economy/fed-rate-cuts-provide-significant-boost-to-banks-amid-economic-uncertainty-766485
Hong Kong Property Market Shows Recovery Signs After Rate Cuts: Hong Kong’s slumping housing market has received a long-awaited boost from interest-rate cuts and ...
bloomberg.com/news/articles/2024-10-09/hong-kong-property-market-shows-recovery-signs-after-rate-cuts
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Bloomberg Evening Briefing: Fed Closes in on Vindication as Jobs Report Crushes: Get caught up.
bloomberg.com/news/newsletters/2024-10-04/bloomberg-evening-briefing-fed-closes-in-on-vindication-as-jobs-report-crushes
Powell’s Outsized Influence Signals Smaller Fed Cut, Nomura Says: The Federal Reserve is likely to downsize its rate cuts to 25 basis points at both the November ...
bloomberg.com/news/articles/2024-10-04/powell-s-outsized-influence-signals-smaller-fed-cut-nomura-says
Fed Minutes Reveal Divide Over Size of September Rate Cut: While a ‘substantial majority’ favored the larger half-point reduction, some officials thought a ...
on.wsj.com/3BwwOMr
Ray Dalio Doesn’t See the Fed Making ‘Significant’ Rate Cuts: Billionaire investor Ray Dalio doesn’t anticipate the Federal Reserve making “significant cuts in ...
bloomberg.com/news/articles/2024-10-08/ray-dalio-doesn-t-see-the-fed-making-significant-rate-cuts
Trump Offers Voters a Trifecta of Economic Idiocy: Given the power of the presidency, his proposals to jack up tariffs, conduct mass deportations and curb the ...
bloomberg.com/opinion/articles/2024-09-30/trump-offers-voters-a-trifecta-of-economic-idiocy
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Five Things You Need to Know to Start Your Day: Asia: Good morning. US stocks fall as traders mull Fed’s next move. `Dune' studio looks to buy out ...
bloomberg.com/news/newsletters/2024-10-10/five-things-you-need-to-know-to-start-your-day-asia
Fed’s Musalem Warns Against Easing Too Quickly, Prefers Patience: Federal Reserve Bank of St. Louis President Alberto Musalem said he supported the US central ...
bloomberg.com/news/articles/2024-10-07/fed-s-musalem-warns-against-easing-too-quickly-prefers-patience
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Call for Reserve Bank to go 'harder and faster': Massive job losses are putting pressure on the Reserve Bank to aggressively cut interest rates.
newsroom.co.nz/2024/10/01/call-for-reserve-bank-to-go-harder-and-faster/
Income Inequality: One Way to Reduce It Is to Work More: Economists tend to focus on structural changes to address differences in income ...
bloomberg.com/opinion/articles/2024-10-04/income-inequality-one-way-to-reduce-it-is-to-work-more
Paid articlePaywall
JPMorgan, BofA No Longer See a Half-Point Fed Rate Cut in November: JPMorgan Chase & Co. and Bank of America Corp. are now forecasting a quarter-point ...
bloomberg.com/news/articles/2024-10-04/jpmorgan-bofa-no-longer-see-a-half-point-fed-cut-in-november
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US bank profits to shrink on interest income, focus shifts to Fed cuts
reuters.com/business/finance/us-bank-profits-shrink-interest-income-focus-shifts-fed-cuts-2024-10-08/
US Hiring Tops All Estimates, While Jobless Rate Falls to 4.1%: US job growth last month topped all estimates, the unemployment rate unexpectedly declined and ...
bloomberg.com/news/articles/2024-10-04/us-hiring-tops-all-estimates-while-jobless-rate-falls-to-4-1
Body of retired teacher who fell off cliff while hiking in Everest region arrives home
straitstimes.com/singapore/body-of-retired-teacher-who-fell-off-cliff-while-hiking-in-everest-region-arrives-home
US consumer prices rise slightly above expectations in September: U.S. consumer prices rose slightly more than expected in September amid higher food costs ...
reuters.com/markets/us/us-consumer-prices-rise-slightly-above-expectations-september-2024-10-10/
Stan Druckenmiller Is Wary of Fed’s Next Move After US Jobs Report: Billionaire investor Stanley Druckenmiller is concerned that the Federal Reserve has boxed ...
bloomberg.com/news/articles/2024-10-04/druckenmiller-is-wary-of-fed-s-next-move-after-a-hot-jobs-print
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