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Breaking News: Markets

ECB holds interest rates, gives strong signal that cuts are on the way

by Adrian Jhonsan
ECB holds interest rates, gives strong signal that cuts are on the way

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024.  Bloomberg | Bloomberg | Getty Images The …

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Categories World

Goldman still expects stubbornly high U.S. inflation to fall this year

by Adrian Jhonsan
Goldman still expects stubbornly high U.S. inflation to fall this year

Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that …

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Categories World

WTI, Brent slip as focus shifts to inflation

by Milton Acorn
WTI, Brent slip as focus shifts to inflation

The price of gas is displayed at a gas station on January 23, 2023 in Miami, Florida. Joe Raedle | Getty Images Crude oil futures fell on Thursday as worries …

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Categories Science

Alphabet offers reasons to believe it is closing the gap in the AI race

by Adrian Jhonsan
Alphabet offers reasons to believe it is closing the gap in the AI race

Alphabet ‘s cloud-computing summit left us feeling much better about the technology giant’s artificial intelligence efforts. There was a lot riding on the event , considering shares hovered near all-time …

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Categories World

Consumer prices rose 3.5% from a year ago in March

by Adrian Jhonsan
Consumer prices rose 3.5% from a year ago in March

The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime …

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Categories World

10-year Treasury yield jumps back above 4.5% after March inflation tops estimates

by Adrian Jhonsan
10-year Treasury yield jumps back above 4.5% after March inflation tops estimates

The 10-year Treasury yield jumped back above 4.5% on Wednesday after March inflation data came in hotter than expected, adding to the likelihood of higher-for-longer interest rates from the Federal …

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Categories World

The ‘supercore’ inflation measure shows Fed may have a real problem on its hands

by Adrian Jhonsan
The ‘supercore’ inflation measure shows Fed may have a real problem on its hands

US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images A hotter-than-expected consumer price index …

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Categories World

Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

by Adrian Jhonsan
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected to cut interest rates at some point this year. At …

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Categories World

Copper climbs to 2024 high as Wall Street banks raise price forecasts

by Adrian Jhonsan
Copper climbs to 2024 high as Wall Street banks raise price forecasts

Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. Bloomberg | Bloomberg | …

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Categories World

Oil gains after Israel threatens Iran

by Milton Acorn
Oil gains after Israel threatens Iran

Iranian people are standing in front of an anti-U.S. and anti-Israeli banner during a rally commemorating International Quds Day, also known as Jerusalem Day, and attending a funeral for members …

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Categories Science
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