Traders are laser-focused on November's jobs data, slated for release this Friday, as one of the last pivotal data points ? along with next week's inflation report ? that could shape the Federal Reserve?s decision on a potential rate cut at its Dec. 18 meeting. With market odds sitting at about a 70% chance for a 25-basis-point reduction, the stakes are high.
Amazon.com Inc. founder Jeff Bezos offered an optimistic perspective on addressing America?s national debt crisis, emphasizing economic growth over spending cuts at the New York Times DealBook Summit on Wednesday. What Happened: ?The way out is by outgrowing them,? Bezos said, referring to economic challenges including the deficit and national debt.
Federal Reserve Chair Jerome Powell said the U.S. economy remains strong and even commented on Bitcoin at the New York Times DealBook Summit on Wednesday. The Details: "The U.S. economy is in very good shape right now.
Federal Reserve Chair Jerome Powell addressed the perception of Bitcoin at the DealBook Summit on Wednesday, asserting that the cryptocurrency is more akin to gold than the U.S. dollar. ?People use Bitcoin as a speculative asset.
Federal Reserve Chair?Jerome Powell?painted a rosy picture of the U.S. economy ahead of key jobs data due Friday. What Happened: Speaking at the New York Times DealBook Summit on Wednesday, Powell stressed that the current state of the economy allows the Fed to exercise caution in moving rates back down to a more neutral level. ?The U.S. economy is in very good shape right now.
An interest rate cut at the upcoming Federal Reserve?s Dec. 18 meeting remains far from being a done deal, as St. Louis Fed President Alberto Musalem's latest remarks suggest policymakers may face a heated debate in the weeks ahead.
Poland?s GDP is set to expand further in 2025, cementing its position as the European Union?s fastest-growing economy. Polish economic growth is projected at 3.7% next year, supported by private consumption and investments, European Commission data showed.
Federal Reserve Governor Adriana Kugler said on Tuesday that inflation ?appears to be on a sustainable path? but indicated that challenges still persist, adding that monetary ?policy is not on a preset course. #8221; Speaking at the Detroit Economic Club, Kugler described recent inflation readings as encouraging.
National Bank of Canada (NTIOF) will release its quarterly earnings report on Wednesday, 2024-12-04. Analysts anticipate National Bank of Canada (NTIOF) to report an earnings per share of $1.81. The market awaits National Bank of Canada's (NTIOF) announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
Royal Bank of Canada (RY) is set to give its latest quarterly earnings report on Wednesday, 2024-12-04. Analysts estimate that Royal Bank of Canada (RY) will report an earnings per share of $2.16. The announcement from Royal Bank of Canada (RY) is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
On Monday, Federal Reserve Governor Christopher Waller indicated he is ?leaning toward? supporting an interest rate cut at the central bank?s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed?s 2% target.
The U.S. manufacturing sector showed signs of improvement in November, yet it failed to avoid another month of contractionary conditions. The Manufacturing Purchasing Managers? Index rose from October?s 46.5% to 48.4% in November, exceeding analyst expectations of 47.5%, as tracked by TradingEconomics.
Shares of Toast Inc (TOST) added more than 40% in November, after the company reported strong third-quarter results. Although the Boston-based company is among the "best share gainers in the payments space," its stock has risen more than 135% year to date, according to Goldman Sachs. Analyst Will Nance downgraded the rating for Toast from Buy to Neutral, while raising the price target to $45.
As U.S. markets paused for Thanksgiving, European equities staged a rebound on Thursday, snapping a three-day losing streak. Germany?s annual inflation rate edged higher, rising from 2.0% in October to 2.2% in November, but came in just below market expectations of 2.3%. On a monthly basis, Germany?s consumer price index fell 0.2%, marking the sharpest decline in over a year.
Christine Lagarde, the European Central Bank chief, has called on European leaders to engage in negotiations with?Donald Trump?to avoid a trade war. What Happened: In?her first interview since Trump?s re-election, Lagarde warned that a trade war could severely impact global economic growth.
A widely expected increase in the October Personal Consumption Expenditures price index ? commonly regarded as the Federal Reserve's preferred inflation gauge ? triggered fresh losses for the U.S. dollar, while Treasury yields and U.S. stocks also slid in tandem.
An inflation gauge that?s closely watched by the Federal Reserve rose as anticipated in October, while personal income and spending data continues to reveal a resilient U.S. consumer. Earlier on Wednesday, the second estimate of the third-quarter economic growth was 2.8%, in line with the data initially reported.
During a recent episode of the ?All-In Podcast,??Chamath Palihapitiya?discussed the potential impact of?Elon Musk?and?Vivek Ramaswamy?using the Department of Government Efficiency to simplify the U.S. tax code. What Happened: Palihapitiya highlighted the significant public response to a post by the official X page of DOGE, which questioned opinions about the IRS.
Financial analyst Jim Cramer endorsed owning cryptocurrencies like Bitcoin and Ethereum as a safeguard against government overspending and an ever-increasing deficit. What Happened: Cramer defended his pro-cryptocurrency stance, stating that the concerns over national debt are perpetual, CNBC reported Tuesday.
Federal Reserve policymakers unanimously decided to reduce interest rates by 25 basis points to a range of 4.5%-4.75% during their November meeting, as they expressed confidence that inflation was moving sustainably toward their 2% target, according to meeting minutes released Wednesday.
Office Properties Income Trust (OPI) stocks are moving higher on Tuesday. What To Know: The company plans to exchange up to $340 million of its $453.6 million of its senior unsecured notes due in 2025. The notes will be exchanged for senior secured notes due in March 2027 with a 3.25% interest rate.
American consumers are feeling better about the economy than they have in years, as the latest data Tuesday from The Conference Board shows. The Consumer Confidence Index rose from 111.3 in October to 111.7 in November, reaching its highest level in nearly two years, aided by an improving labor market and easing concerns about a potential recession.
Michael Saylor?s MicroStrategy Inc (MSTR) recently completed its $3 billion offering of 0% convertible senior notes due 2029. What Happened: The sale of the notes was completed in two days as the initial purchasers flocked and exercised the first additional $400 million principal amount on Nov. 20, and the remaining purchase was completed on Nov. 21, 2024.
Bank of America Corp (BAC) shares hit a new 52-week high of $47.49 during Monday?s session. The Federal Reserve lowered the federal funds rate by 0.25 percentage points on Thursday, bringing the target range to 4.5%-4.75%. This marked the lowest level since early 2023 as policymakers aim to sustain economic growth while inflation moderates.
Donald Trump?s Treasury Secretary pick Scott Bessent?envisions a significant ?global economic reordering? and aims to play a role in this transformation. What Happened:?In his first interview since Trump made the announcement, Bessent outlined his policy priorities, focusing on fulfilling tax-cut promises made by?Trump.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Greed? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones index closing at a fresh record level during the session.
The Germany commercial property market "remains a source of elevated risk," one that financial regulators are monitoring closely after a rapid succession of interest rate increases hit property values. "The financial system is facing acute challenges due to geopolitical tensions and a weak economy," Michael Theurer, an Executive Board member of the Deutsche Bundesbank, said on Thursday.
U.S. small-cap stocks are delivering a standout performance in November, aligning with a well-established seasonal trend that often paves the way for a strong December. Historically, small caps tend to excel in the final two months of the year, with November?s impressive gains often rolling into December as part of the so-called ?Santa Rally.
Macro investor Jim Bianco, president of Bianco Research, has sparked a heated debate on Twitter about the potential long-term value of Bitcoin and its implications for the global economy.
Federal Reserve Governor Michelle W. Bowman cautioned on Wednesday that inflation remains a significant concern and suggested that interest rates may already be closer to a ?neutral? level than policymakers currently realize.
Kansas City Fed President Jeffrey Schmid said Tuesday that the future path of interest rates remains unclear, with uncertainty surrounding how much further they could fall or where they might stabilize, particularly given factors like productivity, demographics and the rising national debt.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
MicroStrategy Inc. (MSTR) has announced the acquisition of 51,780 Bitcoin for approximately $4.6 billion, with an average price of $88,627 per coin. What Happened: According to the company's SEC filing on Monday, this purchase occurred between Nov. 11and Nov. 17, funded through proceeds from the issuance and sale of shares under its Sales Agreement.
Goldman Sachs has projected a substantial increase in gold prices for the coming year, driven by heightened central bank acquisitions and expected reductions in U.S. interest rates. What Happened: Goldman Sachs has identified gold as a leading commodity trade for 2025, with prices anticipated to reach $3,000 per ounce by December 2025. "Go for gold," analysts said in a note.
The victory of President-elect Donald Trump accompanied by stronger-than-expected economic data has been able to shrug off the worries from the rise in Treasury yields as the S&P 500 Index, which fell by 2.3% last week at 5,870.62 is still higher than its pre-election levels of 5,712.69 points on Monday, Nov. 4. However, Fed Chair Jerome Powell?s pirouette on interest rate reduction on Th...
Goldman Sachs Research predicts a strong year for global economic growth in 2025, forecasting a 2.7% increase in global GDP on an annual average basis, just above the consensus. The US is expected to lead the way, with GDP growth of 2.5%, significantly surpassing the consensus of 1.9%, Goldman Sachs Research said in a report.
The British economy expanded less than forecast in the third quarter as the service sector and budget concerns slowed momentum. Gross domestic product grew by 0.1% for the quarter, compared with growth of 0.5% in Q2, data from the Office for National Statistics showed on Friday.
By RoboForex Analytical Department EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Greed? zone on Thursday. U.S. stocks settled lower on Thursday, with the Dow Jones falling more than 200 points during the session as investors digested recent economic reports.
Federal Reserve Chair Jerome Powell indicated Thursday the remarkable strength of the U.S. economy is not sending any signals that policymakers ?need to be in a hurry to lower rates. #8221; Powell?s remarks came at an event organized by the Dallas Regional Chamber on Thursday, just a week after his press conference following the November Federal Reserve meeting.
Producer inflation in October came slightly higher than anticipated Thursday, casting doubts on whether the U.S. economy's broader disinflationary trend will hold through the year?s final quarter. Compared to October 2023, the Producer Price Index surged to 2.4% last month, up from upwardly revised 1.9% and surpassing projections of 2.3% as tracked by TradingEconomics data.
October's Consumer Price Index rose from 2.4% in September to 2.6% in October, in line with economist predictions. Experts Weigh In: Minneapolis Fed President Neel Kaskari appeared on Bloomberg TV following the CPI data release and said that he has been surprised at the resilience of the U.S. economy in the face of high interest rates.
Editor?s note: This story has been updated with additional details. After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index, reversed course in October, climbing to 2.6% as expected.
After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index, reversed course in October, climbing to 2.6% as expected. This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist, underscoring the challenging path ahead for the Federal Reserve?s 2% inflation target.
Upstart Holdings Inc (UPST) shares are trading lower Tuesday after the company announced a proposed private offering of convertible senior notes. What Happened: After the market close on Monday, Upstart announced that it intends to offer $425 million?of convertible senior notes due 2030 in a private offering to qualified institutional buyers.
Dish Network Corp.?s creditors have rejected the company?s bond exchange offer just ahead of a key deadline, threatening the proposed merger with DirecTV. What Happened: The steering committee of Dish lenders criticized the deal, calling it one of the largest ?engineered at the expense of creditors? in a letter seen by Bloomberg.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Neutral? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones and S&P 500 recording their best week in the year following the election of Donald Trump as the 47th U.S. president.
U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining more than 250 points on Friday. The Dow traded up 0.62% to 44,001.69 while the NASDAQ fell 0.01% to 19,268.55. The S&P 500 also rose, gaining, 0.40% to 5,997.19. Check This Out: How To Earn $500 A Month From Nvidia Stock After Trump Win Leading and Lagging SectorsUtilities shares surged by 1.6% on Friday.
Crypto analyst Benjamin Cowen suggests that Bitcoin dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed's recent 25 basis point interest rate cut.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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