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US Federal Reserve reviews flagged bank oversight issues under new standards
The US Federal Reserve is reviewing previously flagged bank shortcomings to align with new supervision standards focused on material financial risks under Vice Chair Michelle Bowman.
US economists predict Fed rate hold through May, June cut under Warsh
The Federal Reserve is expected to hold interest rates steady through May, with economists forecasting a cut in June under new chair Kevin Warsh, who may adopt looser policy.
US job growth rises in January as unemployment falls to 4.3 percent
U.S. job growth accelerated in January with nonfarm payrolls increasing by 130,000 and unemployment rate dropping to 4.3%, indicating labor market stability.
S&P 500, Nasdaq dip with economic data, earnings in focus
Feb 10 (Reuters) – The S&P 500 and the Nasdaq closed lower on Tuesday as investors digested disappointing retail sales figures and waited for a key labor market report. The S&P 500 communication services sector was weighed down by Alphabet shares after Google’s parent said it sold bonds worth $20 billion. The announcement came as […]
Wall Street advances as tech bounces further off of recent losses
The S&P 500 and Nasdaq rose as tech stocks rebounded from an AI-driven selloff while investors awaited key U.S. economic data.
Saylor-led Strategy’s quarterly losses widen as bitcoin faces another reckoning
Strategy posted a wider fourth-quarter loss as bitcoin volatility dragged down the value of its massive crypto holdings, sending shares lower despite Michael Saylor’s confidence in long-term regulatory and institutional support.
Dollar hits nearly two-week high as stocks wobble; pound slides after BoE holds
The dollar rose to a two-week high as stock volatility rattled markets and the pound slid after a tight Bank of England vote.
Bitcoin tumbles below $70,000, wiping out gains since Trump 2024 win
Bitcoin slid below $70,000 as investors worried a more hawkish Fed under Kevin Warsh could drain liquidity from crypto.
US weekly jobless claims increase more than expected
Weekly U.S. jobless claims rose more than expected, likely driven by snowstorms, while the labor market remained stable.
US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal
Sen. Tim Scott said Fed Chair Jerome Powell did not break the law, pushing back on a DOJ probe tied to Fed testimony.
Global stock index edges down, silver and oil extend losses
NEW YORK/ LONDON, Feb 2 (Reuters) – MSCI’s global equities gauge edged lower on Monday, with Wall Street providing a boost while the dollar rose and investors dealt with a deepening selloff in precious metals ahead of a week packed with corporate earnings, central bank meetings and major economic data. Also on Monday, crude oil […]
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes.
