The dollar recouped some of last week's losses on Monday as investors looked ahead to U.S. inflation data after Friday's mixed payrolls report sparked uncertainty about the size of a Federal Reserve rate cut next week. Focus turned to Wednesday's U.S. inflation report as the next main indicator that could alter market pricing for the Fed's September meeting. Friday's highly anticipated U.S. jobs data failed to offer clarity to traders on the question of whether the Fed would deliver a regular 25 basis point rate cut or an outsized 50 bps one at its Sept. 17-18 policy meeting.
Stocks Claw Back Losses With Fed Rate Path in Play: Markets Wrap
(Bloomberg) -- Stocks staged a partial recovery Monday after a selloff triggered by cooling US jobs data that left economists and traders at odds as to how aggressively the Federal Reserve will cut interest rates.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging E
WazirX Hacker Moves $11M Stolen Ether to Tornado Cash
Wallet data tracked by Arkham shows over 5,000 ETH, worth just over $11 million at current prices, from July’s attack on crypto exchange WazirX was moved to a new address at 0...
Is Cava a Millionaire-Maker Stock?
The business is strong, and investors should keep it on their radar.
Oil Rebounds After Brutal Week as Traders Take Stock of Outlook
(Bloomberg) -- Oil rose from its lowest close since 2021, clawing back some of last week’s deep decline as the focus shifts to key reports on the market’s outlook.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainBrent climbed toward $72
Move Over, Nvidia and Broadcom: Wall Street's 2 Newest Stock-Split Stocks Are Taking Center Stage This Week
Nvidia and Broadcom have had their time to shine. Now a legal monopoly, and a company whose stock has gained nearly 125,000% since its IPO, are set to conduct stock splits.
Oil rebounds from week of heavy losses as storm approaches US Gulf Coast
LONDON (Reuters) -Oil futures jumped by about 1% on Monday as a potential hurricane approaching the U.S. Gulf Coast helped oil prices to recover some of the previous week's heavy losses. Brent crude rose 67 cents, or 0.94%, to $71.73 a barrel by 0901 GMT while West Texas Intermediate crude futures were up 68 cents, or 1%, at $68.35. Prices of Brent crude had fallen in each of the past six trading sessions, retreating by more than 11%, or nearly $9 a barrel, to register the lowest closing price since December 2021 on Friday.
Morgan Stanley’s Wilson Says Yen Carry Risk Lingers for Stocks
(Bloomberg) -- US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to
Morgan Stanley’s Wilson Says Yen Carry Risk Lingers for Stocks
(Bloomberg) -- US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to