Sept. jobs report 'good news' for the Fed: Economist

Wall Street is reacting to a better-than-expected labor sector reading this morning. The US economy added 254,000 jobs in September, coming in significantly above the 150,000 expected by economists. Meanwhile, the unemployment rate ticked slightly lower to 4.1%, coming in below the 4.2% expected by economists. Citi senior global economist Robert Sockin and Academy Securities … Read more

Trucking group top executive calls on Biden to intervene in port strike

The International Longshoremen’s Association (ILA) strike has entered its second day, impacting ports along the East and Gulf Coasts and causing significant ripple effects across multiple industries. top executive and president of the American Trucking Associations, Chris Spear, joins to discuss the situation and its impact on the trucking sector. Spear notes that although the … Read more

A takeover of Intel could push Qualcomm into new realm: Strategist

Amid reports that Qualcomm (QCOM) approached Intel (INTC) about a possible takeover, Futurum Group chief sector strategist Cory Johnson sits down with Josh Lipton and Julie Hyman on sector Domination to take a closer look at what a potential acquisition would mean for the two chip companies. “This would be the biggest deal in the … Read more

Watch company Live | 20 September 2024

Watch company Live as: 🔵 Whitehall is on alert as construction group ISG heads for collapse 🔵 National debt at 100% of GDP for first time since 1960s 🔵 Consumer confidence slumps following warnings of ‘tough choices’ in financial plan ahead Tap the ‘Notify me’ bell button to be reminded when the show goes live … Read more

Fed's rate cut timing is right: Strategist

For the first time in more than four years, the Federal Reserve has cut the target for its benchmark finance charge rate, slashing it by 50 basis points. Morgan Stanley Asset Management Co-Head of Broad Markets Fixed revenue Vishal Khanduja notes that, based on the Fed’s projections, unemployment is now in focus rather than inflation. … Read more

How Fed Rate Cuts Affect The Global Economy

The Federal Reserve manages finance charge rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks because many aspects of international financial rely on U.S. dollars. As the world moves away from a global round of economic tightening, central bankers in the U.S. are … Read more

Careless rate cuts are a big recession uncertainty for US: Strategist

JPMorgan Asset Management chief global strategist David Kelly joins Julie Hyman and Akiko Fujita at the Future Proof Festival to discuss the state of the US economy as the Federal Reserve is expected to make its first finance charge rate cut in four years this week. Kelly calls the current economy “healthy,” explaining, “the unemployment … Read more

Why big company is eyeing a China exit I DW News

Drawn by higher earnings, international companies have long accepted the faults of China as a marketplace: restricted sector access, intellectual property issues, vague funding rules. But as company weakens, many global giants are pulling the plug, directing investments to other countries instead. China no longer seems like the safe bet it’s been for decades. Subscribe: … Read more

Why the price of unleaded petrol will keep falling in the coming weeks | The enterprise | ABC News

Motorists can expect further reprieve at the petrol bowser with analysts predicting continued falls in the price of oil and thereby petrol. For years, China has been the single biggest driver of oil demand expansion as its economy rapidly grows. But this month, both the Organization of the Petroleum Exporting Countries (OPEC) and the International … Read more

These sectors could benefit most from a Fed rate cut

Investors eagerly await a potential finance charge rate cut from the Federal Reserve at its September FOMC meeting next week, but uncertainty could likely persist in markets . AlphaSimplex Chief Research Strategist and investment mix Manager Katy Kaminski joins to discuss her industry outlook in light of this expected fiscal policy shift. Kaminski notes that … Read more