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Stock Market Today: Dow, S&P Live Updates for April 19: A selloff in the world’s largest technology companies hit stocks, with the industry that has powered the ...
bloomberg.com/news/articles/2024-04-18/stock-market-today-dow-s-p-live-updates
ECB Rate-Setters Agree on June Cut But Not Much Else Beyond: There’s one thing European Central Bank officials seem to agree on — that a first cut in interest ...
bloomberg.com/news/articles/2024-04-19/ecb-rate-setters-agree-on-june-cut-but-not-much-else-beyond
Goolsbee Says Fed Needs More Time Before Cutting as Prices Stall: Federal Reserve Bank of Chicago President Austan Goolsbee said progress on inflation has ...
bloomberg.com/news/articles/2024-04-19/goolsbee-says-fed-needs-more-time-before-cutting-as-prices-stall
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Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service ...
bloomberg.com/news/articles/2024-04-18/s-p-downgrades-israel-rating-on-heightened-geopolitical-risk
Bloomberg Evening Briefing: Wall Street Ends the Week in a ‘Tech Wreck’: Get caught up.
bloomberg.com/news/newsletters/2024-04-19/bloomberg-evening-briefing-wall-street-ends-the-week-in-a-tech-wreck
Fading: The Bloomberg Open, Europe Edition: Good morning. China’s economy is already fading after a strong start to the year. UBS says a Fed rate hike is ...
bloomberg.com/news/newsletters/2024-04-16/fading-the-bloomberg-open-europe-edition
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Macklem Sees Little Impact of Canada Budget on Fiscal Track: Bank of Canada Governor Tiff Macklem said Prime Minister Justin Trudeau’s recent budget did not ...
bloomberg.com/news/articles/2024-04-19/macklem-sees-little-impact-of-canada-budget-on-fiscal-track
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Quick Glance: Macklem Sees Limited Impact of Canada Budget on Fiscal Direction
- Bank of Canada Governor Tiff Macklem suggested Prime Minister Justin Trudeau’s recent budget, which balanced increased spending with a capital gains tax hike and improved revenue forecasts, did not significantly contribute to inflationary pressures.
- Macklem informed reporters on Friday that the budget did not alter the government's fiscal trajectory significantly compared to the November fiscal update. It was highlighted that Finance Minister Chrystia Freeland upheld her commitment regarding deficit maintenance and shortfall reduction goals for the future.
- The Governor emphasized the continued adherence of the budget to these guidelines, which was deemed beneficial. He refrained from delving into specific details of budget measures, emphasizing the responsibility of lawmakers to deliberate on the government's fiscal plan.
- Macklem expressed that the latest three inflation indicators showed a sustained downward trend, with the bank awaiting confirmation that this trend will persist to ensure the progress towards price stability is maintained.
Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
bloomberg.com/news/articles/2024-04-19/investment-opportunities-with-hot-inflation-higher-for-longer-interest-rates
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Biden’s Hot Economy Stokes Currency Fears for the Rest of World: As Joe Biden this week hailed America’s booming economy as the strongest in the world during a ...
bloomberg.com/news/articles/2024-04-19/biden-s-hot-economy-stokes-currency-fears-for-the-rest-of-world
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Fed Says Persistent Inflation Is Seen as Top Financial Risk: Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to ...
bloomberg.com/news/articles/2024-04-19/fed-says-persistent-inflation-is-seen-as-top-financial-risk
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Fed’s Rate-Cut Delay, Explained: What It Means for US and World: The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza ...
bloomberg.com/news/articles/2024-04-19/fed-s-rate-cut-delay-explained-what-it-means-for-us-and-world
Troubled Borrowers Seen Fighting for Runway Without Fed Cuts: The surprising resilience of the US economy would seem, on the face of it, to be good for ...
bloomberg.com/news/articles/2024-04-19/troubled-borrowers-seen-fighting-for-runway-without-fed-cuts
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Wall Street Bonus Rules Return to Regulatory Agenda in Third Try: US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — ...
bloomberg.com/news/articles/2024-04-19/wall-street-bonus-rules-return-to-regulatory-agenda-in-third-try
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Latin America Sees Low-Rate Dreams Crumble, Political Woes Rise: The region that led the world into a promising cycle of interest rate cuts is warning that ...
bloomberg.com/news/articles/2024-04-19/latin-america-sees-low-rate-dreams-crumble-political-woes-rise
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Fed’s Powell Rethinks Interest-Rate Cuts For 2024 To Combat Inflation: A string of disappointing inflation data has forced the Federal Reserve to reset the clock ...
bloomberg.com/news/articles/2024-04-19/fed-s-powell-rethinks-interest-rate-cuts-for-2024-to-combat-inflation
Biden Trade Chief Sees Conclusion of China Tariff Review ‘Soon’: President Joe Biden’s trade chief said that she expects a conclusion on a review of tariffs on ...
bloomberg.com/news/articles/2024-04-19/biden-trade-chief-sees-conclusion-of-china-tariff-review-soon
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Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
bloomberg.com/news/articles/2024-04-19/wall-street-fires-up-deals-for-preferred-shares-with-fed-on-hold
Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
trib.al/uJmLexO
Electric cars, solar panels and wind turbines: dispute over China's overcapacity: Is China flooding the world with cheap solar panels, wind turbines or electric ...
nzz.ch/meinung/chinas-exporte-das-westliche-jammern-ist-scheinheilig-ld.1826559
Netflix (NFLX) Stock Falls as Weak Revenue Forecast Overshadow Subscriber Adds: Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast ...
bloomberg.com/news/articles/2024-04-18/netflix-adds-9-33-million-customers-crushing-street-forecasts
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Muni Funds Lose Most Cash Since 2022 With Fed Delaying Cuts: Investors yanked money from municipal bond funds at the fastest clip in more than a year as they ...
bloomberg.com/news/articles/2024-04-19/muni-funds-lose-most-cash-since-2022-with-fed-delaying-cuts
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Higher for Longer Hits Bonds With 5% Yields Back in Play: Welcome to the Weekly Fix, the newsletter that’s confident rate cuts are coming sometime, somewhere ...
bloomberg.com/news/newsletters/2024-04-19/higher-for-longer-hits-bonds-with-5-yields-back-in-play
ECB Can Move First But Fed Divergence Would Be Felt, Vujcic Says: The European Central Bank can lower interest rates before the Federal Reserve does likewise ...
bloomberg.com/news/articles/2024-04-19/ecb-can-move-first-but-fed-divergence-would-be-felt-vujcic-says
Marijuana Stocks Gain Momentum on Cannabis Reform Hopes: Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major ...
bloomberg.com/news/articles/2024-04-19/marijuana-stocks-gain-momentum-as-cannabis-reform-hopes-linger
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TDR Capital Nears Deal to Buy Billionaire’s Stake in UK’s Asda: TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as ...
bloomberg.com/news/articles/2024-04-19/tdr-capital-nears-deal-to-buy-billionaire-s-stake-in-uk-s-asda
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Fed’s Uncertain Path Creates Bind for Bank of Canada’s Macklem: The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far ...
bloomberg.com/news/articles/2024-04-19/fed-s-uncertain-path-creates-bind-for-bank-of-canada-s-macklem
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A contrarian take on the US inflation freakout: Not as bad as it looks — better for the Fed to keep calm, and carry on?
ft.com/content/39af38ed-f493-4ad6-b6e3-3e4777ecdbbb
African Critical Minerals Output Could Reach $2 Trillion by 2050: Sub-Saharan Africa could produce almost $2 trillion of metals required for the energy ...
bloomberg.com/news/articles/2024-04-19/african-critical-minerals-output-could-reach-2-trillion-by-2050
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Electric Cars in Norway May Push Diesel Rivals Off Top by 2026: Norway, the pioneer in abandoning combustion-engine automobiles, may see electric cars become the ...
bloomberg.com/news/articles/2024-04-19/electric-cars-in-norway-may-push-diesel-rivals-off-top-by-2026
BofA Strategists Say Rates Jitters Are Fueling Stock Outflows: Investors are pulling money out of equities as a strong US economy and sticky inflation fuel ...
trib.al/AUNi4Ap
Hudson Bay Closes $800 Million Fund to Bet on Special Situations: Hudson Bay Capital Management has raised over $800 million to invest in so-called special ...
bloomberg.com/news/articles/2024-04-19/hudson-bay-closes-800-million-fund-to-bet-on-special-situations
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Tax Time Pushed Banks, Money-Market Funds to Bolster Cash Piles: Now that a large swath of Americans have paid their tax bills, milestones have been set as cash ...
bloomberg.com/news/articles/2024-04-19/banks-money-market-funds-rush-to-bolster-cash-during-tax-time
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Bond Funds Dangling 5% Yields Lure Cash Back to Active Managers: Bond powerhouses including Pacific Investment Management Co., BlackRock Inc ...
bloomberg.com/news/articles/2024-04-19/bond-funds-dangling-5-yields-lure-cash-back-to-active-managers
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Asian Stocks Fall as Israel-Iran Tensions, Hawkish Fed Stance on Rates: Asian stocks plunged as broad risk aversion swept through markets on renewed concerns ...
bloomberg.com/news/articles/2024-04-19/asian-stocks-slump-as-mideast-woes-hawkish-fed-sour-sentiment
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Traders Pull Out of US Stocks, Junk Bonds at Fastest Rate in More Than a Year: The great market rally of 2024 looks dangerously close to unraveling as Wall ...
bloomberg.com/news/articles/2024-04-19/bloated-wall-street-bulls-are-cashing-out-of-markets-en-masse
Fed May Delay Rate Cuts Until After 2024, Neel Kashkari Says: The Federal Reserve needs to achieve more confidence that inflation is declining before cutting ...
bloomberg.com/news/articles/2024-04-18/kashkari-says-fed-could-potentially-hold-rates-steady-all-year
'How gold becomes guns': heist spotlights illegal US-Canada gun trade: The majority of handguns used in Canadian crimes come from the US, where gun laws are much ...
bbc.com/news/world-us-canada-68841961
Israel-Iran: Another Mideast Shock for Markets: The revenge cycle shows no sign of letting up. Now, Tehran will weigh the level of escalation.
bloomberg.com/opinion/articles/2024-04-19/israel-iran-another-mideast-shock-for-markets
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The S&P 500 Can’t Catch a Bid. Why the Index Can Keep Falling.: While the S&P 500 is still up 21% from a late October low, investors now seem to realize that the ...
barrons.com/articles/s-p-500-cant-catch-bid-falling-dip-34202f45
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Europe Faces Twin Blow If ECB and Fed Don’t Cut, Scicluna Warns: The euro zone’s stuttering economy would face a twin blow should interest rates not be lowered ...
bloomberg.com/news/articles/2024-04-19/europe-faces-twin-blow-if-ecb-and-fed-don-t-cut-scicluna-warns
Oil Poses More Risks for Yen (JPY USD) as Japan Depends on Energy Imports: As if the yen doesn’t have enough reasons to weaken, risks are emerging that higher ...
bloomberg.com/news/articles/2024-04-19/oil-poses-more-risks-for-yen-as-japan-depends-on-energy-imports
Bloomberg Evening Briefing: Blame the Rent for America’s Sticky Inflation: Get caught up.
bloomberg.com/news/newsletters/2024-04-18/bloomberg-evening-briefing-blame-the-rent-for-america-s-sticky-inflation
Mortgage rates jump past 7% for the first time in 2024, posing big dilemma for homebuyers
nypost.com/2024/04/18/business/mortgage-rates-jump-past-7-for-the-first-time-in-2024-posing-big-dilemma-for-homebuyers/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Fed report cites inflation, US election as key financial stability risks: Persistent inflation and higher-for-longer interest rates were cited as key risks to ...
reuters.com/markets/us/fed-report-cites-inflation-us-election-key-financial-stability-risks-2024-04-19/
Fed Interest-Rate Cut Is Not Likely Until End of Year, Raphael Bostic Reiterates: Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable ...
bloomberg.com/news/articles/2024-04-18/bostic-says-fed-can-be-patient-cut-not-likely-until-end-of-year
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TSMC Outlook Beats Estimates as AI Demand Helps Propel Business: Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter ...
bloomberg.com/news/articles/2024-04-18/tsmc-posts-first-profit-growth-in-a-year-after-global-ai-boom
U.K. Retail Sector Posts Weaker March Sales Than Expected: Total U.K. sales volumes were no higher in March than in February, a weaker reading than had been ...
on.wsj.com/4d0KgGJ
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
Moody’s Reduces Outlooks on Direct Lending Funds Managed by BlackRock, Oaktree: Moody’s Ratings this week gave private credit investors greater reason for ...
bloomberg.com/news/articles/2024-04-18/three-private-credit-funds-get-moody-s-warning-on-problem-loans
Ottawa to force banks to identify carbon rebate by name in direct deposits: The first rebate deposits in 2022 were generically labelled – ‘federal payment’ and ...
theglobeandmail.com/politics/article-ottawa-to-force-banks-to-identify-carbon-rebate-by-name-in-direct/
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Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
IMF Financial Stability Report: Basis-Trade Section Calls Out Funds’ Bond Wagers: A small group of funds has accumulated such large short wagers in the Treasury ...
bloomberg.com/news/articles/2024-04-18/huge-bond-wagers-make-some-hedge-funds-too-big-to-fail-imf-says
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Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho: The new fab to be built near Syracuse, N.Y., could create 50,000 jobs ...
barrons.com/articles/micron-technology-chips-act-funding-3d683fec
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Japan Consumer Prices Rose at Slightly Slower Pace in March: Japan’s consumer prices rose at a slightly slower pace in March due to lower energy prices but ...
on.wsj.com/3JnRU0g
Why so Many People Seem to Be Taking Adderall These Days: The forces behind this booming drug use.
bloomberg.com/news/articles/2024-04-18/why-so-many-people-seem-to-be-taking-adderall-these-days
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US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage: The Biden administration imposed fresh sanctions on Iran over its April 13 strike on Israel ...
bloomberg.com/news/articles/2024-04-18/us-imposes-fresh-sanctions-on-iran-over-israel-drone-barrage
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Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
Mortgage Rates Pass 7% for First Time in 2024: The average 30-year fixed mortgage rate this week was 7.1%, according to Freddie Mac.
barrons.com/articles/mortgage-rates-pass-7-percent-a68234b4
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US elections: Conservative revolution expected if Trump wins: In a "PRO Global" series, the NZZ wants to show what consequences a second US presidency of Donald ...
nzz.ch/pro-global/falls-donald-trump-gewinnt-ist-die-weltordnung-bedroht-ld.1825041
IMF Says Growth’s Secret Sauce Is American Catch-Up: Data from its latest World Economic Outlook suggest that the more a country’s product and labor markets ...
bloomberg.com/opinion/articles/2024-04-18/imf-says-growth-s-secret-sauce-is-american-catch-up
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Solar Groups Lobby Biden to Head Off Trade Case Over Import Tariffs: Solar developers are lobbying the Biden administration to bolster support for domestic ...
bloomberg.com/news/articles/2024-04-18/solar-groups-lobby-biden-to-head-off-sector-roiling-trade-case
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Neeru Bajwa breaks down as she recalls dad working at a gas station despite being a doctor, mom working as housekeeper during pregnancy
indianexpress.com/article/entertainment/bollywood/neeru-bajwa-breaks-down-as-she-recalls-doctor-dad-gas-station-mom-housekeeping-pregnancy-9279112/
China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
IMF Urges Asia’s Central Banks to Avoid Closely Tracking Fed: The International Monetary Fund cautioned Asian central banks against prioritizing what they think ...
bloomberg.com/news/articles/2024-04-18/imf-urges-asia-s-central-banks-to-avoid-closely-tracking-fed
US Bond Yields Climb on Interest-Rate Hike Mention by Fed’s Williams: The US bond market’s recovery from the year’s highest yield levels was cut short Thursday ...
bloomberg.com/news/articles/2024-04-18/bonds-stumble-on-mere-mention-of-fed-rate-hike-by-williams
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Fed May Not Cut Interest Rates at All This Year, JPMorgan's Daniel Pinto Says
bloomberg.com/news/articles/2024-04-18/relatively-high-chance-of-no-rate-cuts-this-year-jpmorgan-s-pinto-says
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Meta says you can’t turn off its new AI tool on Facebook, Instagram - National | Globalnews.ca
trib.al/nrLI3Og
Canada's plan to raise taxes on the savings of wealthy people and corporations is likely to hold back investment, potentially adding to the productivity ...
reut.rs/4b1mtEU
Yuan (CNY USD) Usage Making Larger Share of International Payments, Swift Says: The Chinese yuan is accounting for a growing share of international payments ...
bloomberg.com/news/articles/2024-04-18/yuan-usage-extends-global-climb-as-euro-share-slips-swift-says
Shopper sparks outrage after 'paying $7 for a single apple:' 'What economy are we all f--king living in?'
nypost.com/2024/04/18/lifestyle/shopper-sparks-outrage-after-paying-7-for-a-single-apple/
Quick Glance: Outrage Stirred by Expensive Apple Purchase
- A Boston influencer sparked outrage by sharing that she paid $7 for a single apple at Whole Foods.
- The video clip, shared by the woman under the username @via..li, has since been deleted from her own account.
- Despite Whole Foods listing the Organic Sugarbee Apple at $3.99 per pound in most Boston zip codes, prices may vary at different outlets.
- The TikTokker claimed the apple cost $7, causing outrage among viewers, although some expressed doubts about her story.
The Good News, Bad News About the Surprisingly Strong US Economy: This is Washington Edition, the newsletter about money, power and politics in the nation’s ...
bloomberg.com/news/newsletters/2024-04-19/the-good-news-bad-news-about-the-surprisingly-strong-us-economy
Home Sales in March Had Biggest Decline in 16 Months: Sales of previously owned homes decreased 4.3% from the prior month to a seasonally adjusted annual rate of ...
on.wsj.com/3Q8Iqdf
If Rates Stay Higher for Longer, Buy Tech Stocks and Value: Don’t abandon big growth names because Amazon and Alphabet have a lot of cash and little debt ...
barrons.com/articles/rates-higher-tech-stocks-value-c4edead1
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A $9.5 Trillion ESG Investor Group Wants Private Market Reforms: Global ESG investors with $9.5 trillion under management say it’s time to demand more ...
bloomberg.com/news/articles/2024-04-18/a-9-5-trillion-esg-investor-group-wants-private-market-reforms
POLL Fed to cut rates in September and maybe once more this year: The U.S. Federal Reserve will wait until September to cut its key interest rate ...
reuters.com/markets/us/fed-cut-rates-september-maybe-once-more-this-year-2024-04-18/
IMF tells Asian central banks not to follow Fed too closely: The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation ...
reuters.com/markets/imf-tells-asian-central-banks-not-follow-fed-too-closely-2024-04-18/
IMF Chief Kristalina Georgieva Says World Watching US Interest Rates, Policies: The head of the International Monetary Fund warned the US that the global economy ...
bloomberg.com/news/articles/2024-04-18/imf-boss-says-all-eyes-on-us-amid-risks-to-global-economy
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Fed Rate-Cut Reluctance Will Limit ECB Leeway, Holzmann Says: The European Central Bank’s room for maneuver will be limited if sticky US inflation forces the ...
bloomberg.com/news/articles/2024-04-18/hesitant-fed-will-limit-ecb-leeway-on-rate-cuts-holzmann-says
Ayala’s ACEN to Spend $15 Billion to Quadruple Power Capacity: ACEN Corp., the energy unit of Philippine conglomerate Ayala Corp., expects to spend $15 billion ...
bloomberg.com/news/articles/2024-04-18/ayala-s-acen-to-spend-15-billion-to-quadruple-power-capacity
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