Stubborn services and wage inflation will slow the pace of disinflation in the U.S. and globally, according to the IMF.
Archiv für den Monat: Juli 2024
Fed Governor Waller sees central bank ‚getting closer‘ to an interest rate cut
Central bankers have become more optimistic by data that has shown inflation easing.
HSBC appoints Georges Elhedery as group CEO starting Sept. 2
Elhedery, who is the current chief financial officer, will replace outgoing head Noel Quinn in September.
Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Rising expectations for a September rate cut following the latest inflation data bolstered demand for bullion.
Traders see the odds of a Fed rate cut by September at 100%
The probabilities are based on trading in CME fed funds futures contracts.
Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech)
Apple shares beat out the portfolio’s other mega-cap tech names, with a 9.7% advance over the period.
Adidas shares rise 3% after hiking 2024 guidance
Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance.
ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools
ASML reported second-quarter earnings and sales that beat forecasts, as interest in AI chips drives up demand for the firm’s semiconductor making equipment.
Spirit Airlines forecasts wider quarterly loss as revenue falls short of expectations
Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations.
We’re hiking our price target on Morgan Stanley despite a miss in a key business
Investors on Tuesday are more willing to look beyond a missed Morgan Stanley’s wealth management business than in the past.