Latest Updates Around The World
Kansas City Federal Reserve President Jeffrey Schmid reiterated his opposition Tuesday to further rate cuts, arguing that inflation remains too high and the U.S. labor market is largely in equilibrium.In remarks to the Metro Denver Executive Club, Schmid said inflation has been above the Federal Reserve’s 2% target for nearly five years. He warned that […]
Markets experienced a second straight session of sharp and erratic price swings after US and Israeli attacks on Iran last weekend heightened geopolitical tensions. A key concern for investors is the risk of disruption to the Strait of Hormuz, a vital chokepoint that carries about a fifth of the world’s oil supply. Any sustained disruption […]
There’s a busy week ahead on the United States economic calendar as markets continue to digest the fallout from the US-Israeli attacks on Iran this weekend. Volatility will be in abundance this week as US stock futures open and react to last weekend’s violence in the Middle East. Crypto markets remained relatively flat on Sunday, […]
The prospects that artificial intelligence will disrupt business sectors should keep the U.S. stock market on edge in the coming week, as Wall Street looks for more insight into how the emerging technology will reverberate through the economy. The monthly US jobs report is the key economic data due next week, while major semiconductor player […]
The S&P 500 and Nasdaq hit their highest levels in two weeks on Wednesday as technology stocks continued to gain favor as investors weighed risks to AI trading and rising tariff uncertainties ahead of Nvidia’s earnings later in the day.February was a turbulent month for US stocks, as investors wondered whether the massive AI spending […]
In the lawsuit, which was filed Monday in the United States District Court for the District of ColumbiaCfA alleges that FHFA failed to respond to its request for expedited processing within the statutory deadline of FOIA. The group claims that the agency’s lack of response is entitled to judicial relief and asks the court to […]
Artificial intelligence has brought about a generational change in the U.S. labor market and could lead to a possible rise in unemployment that the U.S. central bank may not be able to counter with lower interest rates, Fed Governor Lisa Cook said on Tuesday.“It appears we are approaching the most significant reorganization of work in […]
The groups said the existing framework after the financial crisis was designed to strengthen banks’ resilience. But they argue that the mortgage market has changed significantly since then. Reforms such as the Ability-to-Repay and Qualified Mortgage rules now limit risky features such as negative amortization, option ARMs, interest-only loans, and mortgages without documentation. Banks’ participation […]
Major US stock indexes fell on Friday after data showed US economic growth slowed more than expected in the fourth quarter, while a separate reading showed inflation rose in December.Investors were also watching for a possible U.S. Supreme Court ruling on President Donald Trump’s tariffs, which could be delivered at 10 a.m. ET. If they […]
U.S. stock indexes edged higher on Wednesday as technology stocks extended gains following recent weakness, as investors awaited minutes of the central bank’s latest policy meeting for insight into the interest rate trajectory.Wall Street was roiled this month by concerns that rapidly improving AI tools could disrupt business models, leading to selloffs in sectors from […]
