July 4, 2024
Chicago 12, Melborne City, USA
United States

Fed’s Bowman Advocates for Cautious Approach to Balance Sheet Tapering

Federal Reserve Governor Michelle Bowman expressed her preference for a more measured approach to tapering the U.S. central bank’s balance sheet run-off during a speech at a Bank of Japan conference in Tokyo on Tuesday. Bowman indicated that she would have supported either delaying the start of the tapering process or implementing a more moderate

Read More
United States

TSX Futures Rise Amid Higher Commodity Prices; Inflation Data in Focus

Futures for Canada’s main stock index advanced on Monday, buoyed by a rise in commodity prices, as investors awaited key inflation data from both the U.S. and Canada to gain insights into the potential timing of interest rate cuts. Market Overview As of 6:41 a.m. ET (10:41 GMT), June futures on the S&P/TSX index were

Read More
Europe United States

Global Shares Edge Up as US and EU Inflation Data Awaited

Global shares gained momentum on Monday as investors prepared for a significant week of inflation data releases, which could potentially pave the way for a European rate cut as early as next week and a U.S. policy easing in the coming months. Market Dynamics and Economic Indicators Holidays in Britain and the United States led

Read More
United States

Exiled Chinese Businessman Allegedly Embezzled $1 Billion for Lavish Lifestyle, Prosecutor Claims

Exiled Chinese businessman Miles Guo is accused of defrauding his followers of over $1 billion after Chinese authorities seized his assets, according to federal prosecutors at the start of his trial in New York. Assistant U.S. Attorney Micah Fergenson told jurors that Guo, once a prominent real estate developer in China, moved to New York

Read More
United States

U.S. Core Capital Goods Orders Rise, Inflation Expectations Improve

New orders for key U.S.-manufactured capital goods showed a stronger-than-expected rebound in April, signaling a potential moderate improvement in business spending on equipment early in the second quarter. However, business investment remains constrained by higher borrowing costs, a strong dollar, and weak global demand, which continue to weigh on the manufacturing sector. Economic Indicators and

Read More
United States

Stocks Rebound to Close Higher, But Dow Ends Week Lower

U.S. stocks rebounded on Friday, recovering from sharp losses the previous day, thanks to positive consumer inflation outlook news. This rally propelled the Nasdaq to its fifth consecutive week of gains and a record closing high. Key Economic Indicators The Commerce Department reported that new orders for key U.S.-manufactured capital goods rebounded more than expected

Read More
United States

US Weekly Jobless Claims Decline, Signaling Continued Labor Market Strength

The number of Americans filing new claims for unemployment benefits fell last week, underscoring the ongoing strength of the labor market, which is essential for sustaining economic growth. For the week ending May 18, initial claims for state unemployment benefits decreased by 8,000 to a seasonally adjusted 215,000, according to the Labor Department. This figure

Read More
United States

Morning Brief: Nvidia’s Surge, Fed’s Cautious Stance, and UK Election Impacts

As the markets open, Nvidia’s impressive quarterly earnings have bolstered U.S. stock futures, despite concerns over hawkish Federal Reserve meeting minutes, escalating military tensions around Taiwan, and the announcement of an early UK election. Nvidia continues to thrive amid the AI boom, with its stock soaring 7% in after-hours trading. The company’s forecast for second-quarter

Read More
United States World

Trump Advocates for Wider Scope of Tariffs Amid Ongoing US-China Trade Tensions

In New York, on May 14, former President Donald Trump voiced strong opinions on the need to expand the scope of tariffs against Chinese imports. Speaking to the press as he attended his trial, Trump asserted that the current administration’s recent implementation of tariffs on Chinese electric vehicles, semiconductors, and medical products is insufficient. “They’ve

Read More