(Bloomberg) — South Africa’s rand staged its biggest drop in nearly a month as investors awaited an announcement by President Cyril Ramaphosa about who would be appointed in a new cabinet after agreeing to form a broad coalition with opposition parties. Most Read from Bloomberg The currency fell as much as 1.5%, the steepest drop […]
(Reuters) – U.S. index futures were muted on Tuesday, as investors refrained from placing big bets before AI chip leader Nvidia’s earnings this week and amid policy caution from Federal Reserve officials ahead of the central bank’s meeting minutes. Rate-setters have offered few clues on the timing for rate cuts this year and several Fed […]
(Reuters) – U.S. stock index futures slipped on Thursday as Treasury yields rose further ahead of jobless claims data that could provide a clearer picture of the Federal Reserve’s interest rate agenda for the year. In a week lacking big catalysts, market momentum has stalled somewhat as investors look for fresh clues on the monetary […]
(Reuters) – U.S. stock index futures slipped on Thursday as Treasury yields rose further ahead of jobless claims data that could provide a clearer picture of the Federal Reserve’s interest rate agenda for the year. In a week lacking big catalysts, market momentum has stalled somewhat as investors look for fresh clues on the monetary […]
(Reuters) – U.S. stock index futures fell on Wednesday as downbeat results dragged chip stocks and markets exercised caution ahead of more economic data and the Federal Reserve’s interest rate decision later in the day. Advanced Micro Devices shed 6.3% in premarket trading after its forecast for AI chip sales failed to impress investors, while […]
Federal Reserve Chair Jerome Powell isn’t going to cut rates just because you want him to. Seems obvious, but it bears repeating. The federal funds rate currently stands at a 23-year high, between 5.25% and 5.5%. And, as a reporter, I feel like I’ve been on rate-cut-watch for a…long time. But, coming into 2024, there […]
Ukraine’s SBU security service exposed the head of one of the structural units of the Supreme Court of Ukraine, who justified Russian aggression and the occupation of Ukraine. He faces up to eight years in prison, the SBU reported on Telegram on Feb. 5. The SBU has recordings of conversations in which the defendant denies […]
(Reuters) – U.S. stock index futures took a breather on Tuesday following a rally in the previous session, while investors scaled back expectations for an early start to rate cuts ahead of two inflation reports expected this week. Wall Street had a strong finish on Monday, with the tech-focused Nasdaq surging over 2% to notch […]
(Bloomberg) — A slump in Bitcoin on Wednesday saw the cryptocurrency erase all gains it had made so far this year, bucking a long-running upswing that outperformed a global malaise in traditional assets. Most Read from Bloomberg The world’s largest token fell as much as 9.2% to dip below $41,000 shortly after 7 a.m. in […]