WASHINGTON (Reuters) – U.S. President Joe Biden did not know that classified documents from his vice presidential days were at a Washington think tank or house in Wilmington, White House spokesperson Karine Jean-Pierre said on Thursday. Biden did not know what was in those classified documents, the White House said after Attorney General Merrick Garland …
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month may be paving the way for a market-friendly “Goldilocks” scenario for asset prices, allowing the Federal Reserve to bring down consumer prices without badly damaging growth. U.S consumer prices unexpectedly fell last month for the …
Analysis-Softer inflation print stirs hopes of ‘Goldilocks’ scenario for U.S. markets Read More »
By Chris Taylor NEW YORK (Reuters) – If there was only one word to sum up 2022, “unpredictable” might be the most accurate. Yet we all enjoy trying to predict the future, especially when it comes to our finances – to protect ourselves from the downside, or to take advantage of the upside. What does …
Debt bomb, biotech bump and a bond rally: 2023 money predictions Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – A tentative bounce in U.S. stocks is about to face a key test, as companies get set to report fourth-quarter results amid worries over a potential recession in 2023. Analysts expect earnings for S&P 500 companies to have declined 2.2% for the quarter compared with a year ago, …
By Davide Barbuscia, Carolina Mandl and Shankar Ramakrishnan NEW YORK (Reuters) – Investors are increasing their exposure to U.S. corporate bonds as they take advantage of a surge in supply, but some say conflicting opinions about the economy are creating both long and short trading opportunities. The belief that the Federal Reserve may be nearing …
Analysis-U.S. credit lures investors but recession risk could mean wild 2023 Read More »
NEW YORK (Reuters) – JPMorgan Chase & Co on Thursday named Anu Aiyengar as the sole head of its global mergers and acquisitions (M&A) franchise after co-head Dirk Albersmeier stepped down, making her the only female executive leading global M&A on Wall Street. The moves were announced in an internal memo sent out by JPMorgan’s …
JPMorgan names Anu Aiyengar sole M&A head after Albersmeier steps down Read More »
MEXICO CITY (Reuters) – Mexico, the United States and Canada plan to produce in North America 25% of what they currently import from Asia under a new drive to promote the integration of the region’s economy, Mexican Foreign Minister Marcelo Ebrard said on Thursday. Ebrard was speaking about the outcome of meetings this week in …
North America aims to make 25% of what it imports from Asia, Mexico says Read More »
(Reuters) – The S&P 500 and the Dow Jones opened higher on Thursday after further evidence of cooling inflation boosted bets that the Federal Reserve will slow the pace of its future interest rate hikes. The Dow Jones Industrial Average rose 74.85 points, or 0.22%, at the open to 34,047.86, and the S&P 500 opened …
S&P 500, Dow Jones open higher after December inflation data Read More »
NEW YORK (Reuters) – U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said …
Instant View: U.S. consumer prices fall in December Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool off inflation, it can probably do so at much slower pace compared to the action of last year. “I expect that we will raise rates …
Fed’s Harker ready to downshift to 25 basis-point interest rate hikes Read More »
