By Nate Raymond (Reuters) – President Joe Biden is set to secure U.S. Senate confirmation of his 200th appointment to the federal judiciary on Wednesday, surpassing his Republican predecessor Donald Trump‘s pace even as the clock ticks toward their Nov. 5 election rematch. Reaching this milestone at this point in his presidency is evidence, according […]
Michael Cohen will return to the witness stand in a New York courtroom for a third day of cross-examination by Donald Trump‘s lawyers Monday in what could be the final day of testimony in the first criminal trial of a former president. One possibility that could lengthen the trial would be Trump‘s taking the stand […]
(Bloomberg) — Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Most Read from Bloomberg Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11,000 a ton for the first […]
Tyson Fury refused to engage in the face off with Oleksandr Usyk in a muted final press conference ahead of Saturday’s undisputed world heavyweight showdown in Riyadh. While Usyk stood staring at his rival in the customary ritual 48 hours out from the fight, Fury turned to the crowd and folded his arms. The British […]
More than five weeks remain before summer’s official start, but preparations for extreme heat have been underway for many months in parts of the country hit hard by last year’s sweltering conditions. “We prepare for heat year-round in Phoenix,” Mayor Kate Gallego said. “It’s something that we know is coming, so we have to think […]
US stocks held steady on Wednesday, eyeing fresh record highs ahead of a crucial update on consumer prices that could upend rate-cut hopes and as meme stocks regrouped after a roaring rally. Futures on the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) hovered above the flatline. Contracts on the Nasdaq 100 (NQ=F) were […]
Young people at an estate agents Homeowners taking out “ultra-long” mortgages to get on the property ladder face falling victim to a looming pensions crisis, experts have warned. More than two fifths of borrowers are now taking out mortgages that will not be paid off until past the current state pension age of 66. This […]
Jay Powell’s colleagues spent the last week backing a stance the central bank chair hammered home at his last press conference: Interest rates will be staying higher for longer. In a series of speeches and interviews, various Fed officials reinforced they will be taking a careful, measured approach to monetary policy as they digest hotter-than-expected […]
(Bloomberg) — US small-cap stocks are as cheap as they’ve been in decades, but with a more than half-trillion dollar mountain of debt looming over the next five years, it’s going to take a significant risk-on signal from the Federal Reserve to entice investors. Most Read from Bloomberg Firms in the small-capitalization Russell 2000 Index […]
By Lewis Krauskopf NEW YORK (Reuters) – A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue. The benchmark S&P 500 index is up over 9% for the year, up […]
Dow Jones futures rose Friday morning, along with S&P 500 futures and Nasdaq futures as Apple (AAPL) beat views and announced a record buyback. The April jobs report looms before the open. X Coinbase (COIN), Texas Roadhouse (TXRH), MercadoLibre (MELI) and Booking Holdings (BKNG) were notable reports overnight. The stock market rally attempt had a strong […]
Hard-right Missouri senators early Thursday morning ended their hours-long filibuster of a crucial series of taxes that fund Medicaid, failing to achieve any of their stated demands. Members of the Missouri Freedom Caucus sat down just before 3:30 a.m. Thursday morning after blocking renewal of the taxes for roughly 41 hours. That allowed the Senate […]