US stock futures rose as investors digested reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady on Wednesday.
US Bonds Rise as a Cloudy Economic Path Backs Bets on Fed Cuts
(Bloomberg) -- US Treasuries consolidated gains in a choppy trading session with markets remaining confident that policymakers at the Federal Reserve are still on a path toward lower interest rates.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoAmtrak CEO Departs Amid Threats of a Transit Funding PullbackDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protect
Jabil Stock Jumps on Strong Earnings, Outlook
Jabil shares surged Thursday after the circuit board maker reported better-than-expected fiscal second-quarter results and issued an upbeat outlook.
Oil Advances as US Ramps Up Sanctions Against Iranian Crude
(Bloomberg) -- Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoAmtrak CEO Departs Amid Threats of a Transit Funding PullbackDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal FundsWest Texas In
Wall Street Brokers Start Trading Insurer Claims From LA Fires
(Bloomberg) -- Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoAmtrak CEO Departs Amid Threats of a Transit Funding PullbackDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleLA Faces $1 Billion Budget Hole, Warns of Thousands of
Powell flirts again with a dangerous way to describe inflation: 'Transitory'
Fed Chair Jerome Powell said Wednesday his 'base case' is that higher inflation stemming from President Trump's tariffs will be 'transitory' — reviving memories of how central bank policymakers talked about inflation during the early stages of the COVID-19 pandemic.
Amid a grimmer outlook from the Fed, there’s a lone, mysterious holdout predicting stronger economic growth
The Fed’s consensus for GDP growth dropped from 2.1% to 1.7% after its latest round of economic forecasts published Wednesday.
Nasdaq Shift to Round-The-Clock Stock Trading Partly Due to Crypto, Says Exchange Executive
Both Nasdaq and the New York Stock Exchange are in the process of making round-the-clock trading available five or even seven days a week, mimicking crypto’s trading hours.
Designer Brands (DBI) Stock Trades Up, Here Is Why
Shares of footwear and accessories discount retailer Designer Brands (NYSE:DBI) jumped 13.8% in the morning session after the company reported improved fourth-quarter 2024 results: Same-Store Sales grew modestly (vs -7.3% in the same quarter last year), and gross margin blew past expectations. This marked the first positive growth in nine quarters, signaling early traction in the company's turnaround efforts.
Bitcoin Miners Feel Squeeze as Hashprice Erases Post-Election Gains
Transaction fees made up just 1.3% of total block rewards in February, marking the lowest share since the last bear market bottom in 2022.