The bond market has stabilized after a big selloff, and that has comforted stocks. The Nasdaq Composite dominated by technology COMP has advanced for six of the last nine sessions, and the …
Read More »Treasury markets calm down, but investors anticipate a rate hike soon
Treasury markets have calmed down this week, but yields indicate investors are still expecting the Federal Reserve to be forced to hike rates sooner than it says. The yield on the 10-year …
Read More »US GDP growth in the fourth quarter increased slightly to 4.3%, and all signs point to the economy accelerating
The numbers: The US economy expanded in the fourth quarter at a revised annual rate of 4.3%, a touch higher than previously reported, and even faster growth is expected in the coming …
Read More »Stock futures beat unemployment claims data
US equity futures rose on Thursday ahead of data that will offer new clues about the pace of recovery in the labor market. S&P 500 futures rose 0.2%, a day after tech …
Read More »GLOBAL MARKETS-Asian equities falter in volatile trading as China tech sell-off weighs on
By Stanley White, Katanga Johnson * Asian Stock Markets: tmsnrt.rs/2zpUAr4 * Threat of US Exclusion Shakes China Tech * Bargain hunting for growth stocks supports other markets * Oil falls but the …
Read More »Stocks Rise Despite Tech Stocks Slump
The Dow Jones Industrial Average rose on Wednesday as investors returned to betting on economically sensitive sectors with bets that the US economy will continue to recover. The top-line equity index added …
Read More »After a history of erratic economic policy, Erdogan plunges Turkey into new turmoil
Turkey’s economy faces further turmoil after the surprise removal of the central bank governor by President Recep Tayyip Erdogan added another chapter to years of unpredictable economic policy, scaring foreign investors and …
Read More »Support for carbon tax grows, except where it matters most
There is no more effective way for President Biden to meet his aggressive climate goals than a carbon tax. The timing seems right: His Secretary of the Treasury, Janet Yellen, has been …
Read More »Powell and Yellen’s game plan is reminiscent of the World War II playbook. This is what happened then.
The first day of the joint appearance of the president of the Federal Reserve, Jerome Powell, and the secretary of the Treasury, Janet Yellen, in the Capitol did not surprise anybody, but …
Read More »GLOBAL MARKETS-Asian stocks fall, dollar soars in flight to safety
SYDNEY, March 24 (Reuters) – Asian stocks hit a two-week low on Wednesday, oil weakened further and the dollar approached four-month highs as the coronavirus locks in Europe and potential gains Taxation …
Read More »