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WH adviser Hassett urges 'discipline' for Fed economists over tariff study
2+ min ago (266+ words) The paper is an embarrassment," Kevin Hassett, director of the White House's National Economic Council said in an interview on CNBC. "It's the worst paper I've ever seen in the history of the Federal Reserve system. The people associated with…...
Asian markets rally after Wall St tech-led gains
15+ min ago (650+ words) Tech firms led gains across Asian equities Thursday following a positive lead from Wall Street, where traders also welcomed strong US data that suggested the world's top economy remained in rude health. The advances came even as the figures tempered…...
Trump adviser calls for Fed economists to be 'disciplined'
27+ min ago (671+ words) One of Donald Trump's most senior economic advisers has said a group of economists should be "disciplined" for a Federal Reserve study which argued that US firms and consumers have borne the brunt of the president's tariffs. National Economic Council…...
LatAm: Positioning at multi‑year highs – BNY
55+ min ago (421+ words) "While there are clear merits for re-rating, whether EM can offer stronger risk-adjusted returns remains far-fetched." "This is particularly true for LatAm fixed income, which is currently one of the best-held asset classes in iFlow." "Combined sovereign holdings in the…...
Donald Trump lauds ‘Liberation Day’ tariffs, says trade deficit contracted 78% ahead of official data release | Today News
1+ hour, 7+ min ago (607+ words) US President Donald Trump on Wednesday (local time) said the country's trade deficit has contracted sharply by 78% due to tariffs imposed on companies and countries, calling it a first in many decades. In a post on Truth Social, he wrote,…...
Stocks rise as AI anxiety abates and investors shake off Fed minutes
1+ hour, 10+ min ago (1358+ words) Despite minutes from last month's Fed meeting dimming hopes for rate cuts, stocks posted solid gains. The S&P 500, Nasdaq 100, and Russell 2000 climbed higher, even though minutes from last month's Fed meeting revealed that the central bank is split on…...
New Zealand’s central bank done easing policy but risks are on both sides, top official says
1+ hour, 11+ min ago (144+ words) SYDNEY, Feb 19 (Reuters) - New Zealand's central bank is "done cutting "interest rates but there are risks on either side as "policymakers "gauge the "strength of "the consumer recovery and the path of inflation, said a "top official on Thursday. Karen......
Sector Update: Financial Stocks Advance Late Afternoon
1+ hour, 15+ min ago (39+ words) Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index increasing Oops, something went wrong Sector Update: Financial Stocks Advance Late Afternoon Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index increasing...
Deutsche Bank asked AI how it was planning to destroy jobs. And the robot answered
1+ hour, 22+ min ago (360+ words) The experiment, detailed in a report titled "What AI Says About AI Eating Itself and the World," utilized Google's Gemini 2.5 Pro model to generate a deep analysis of global sectors. The findings suggest that data-rich industries with repetitive tasks are…...
Australia unemployment rate set to tick up in still tight jobs market
1+ hour, 42+ min ago (660+ words) Australian employment data follows the Reserve Bank of Australia (RBA) monetary policy decision, which somewhat diminishes the impact of the figures, particularly given the RBA's decision to hike the Official Cash Rate (OCR). Officials assessed inflation risks, noting that they…...