News
US bank profits boom on economic edge while Europe scrambles to catch up
4+ hour, 57+ min ago (655+ words) Thanks to strong loan demand and an increase in dealmaking, U.S. banks have finished one of their best quarters in recent memory. Cross-border consolidation is still hampered by slow economic development and political opposition, making the environment for European banks weaker....
European gas: Prices stay elevated as supply tightens – Commerzbank
7+ hour, 2+ min ago (328+ words) Norman Liebke at Commerzbank expects European gas prices to remain high in the near term, even if the Strait of Hormuz reopens sustainably. War damage to Qatar’s LNG infrastructure, low European gas storage levels and stronger Asian LNG demand linked…...
United Kingdom: Supply-side choices shape outlook – Rabobank
4+ hour, 33+ min ago (181+ words) "The macroeconomic backdrop helps explain why this search keeps ending in disappointment. The UK's problem increasingly appears to be one of supply rather than demand. In our forecasts for 2024-29, consumption growth never exceeds a paltry 1.2% per year, while per capita…...
This week's CME open interest increased by 2.93%
5+ hour, 40+ min ago (21+ words) Bitget This week's CME open interest increased by 2.93% You may also like...
Federal Reserve Beige Book: Overall employment has increased, with moderate, mild, or solid job growth in five districts, while seven districts saw little or no change.
20+ hour, 24+ min ago (57+ words) Bitget Federal Reserve Beige Book: Overall employment has increased, with moderate, mild, or solid job growth in five districts, while seven districts saw little or no change. You may also like...
Federal Reserve Governor Cook: Since last summer, risks have clearly shifted toward higher inflation, while risks in the job market have decreased. Currently, the overall job market remains stable.
17+ hour, 45+ min ago (96+ words) Bitget Federal Reserve Governor Cook: Since last summer, risks have clearly shifted toward higher inflation, while risks in the job market have decreased. Currently, the overall job market remains stable. You may also like The sales warning issued by IBM…...
Federal Reserve’s Jefferson warns AI investment boom could fuel inflation before productivity gains arrive
23+ hour, 18+ min ago (548+ words) Federal Reserve Vice Chair Philip Jefferson told a Brookings Institution audience on February 6 that artificial intelligence is simultaneously reshaping both sides of the economic equation, boosting aggregate supply through productivity while supercharging demand through a wave of capital spending on…...
Federal Reserve official Logan stated that current wage levels do not pose inflationary pressure
1+ day, 1+ hour ago (33+ words) Bitget Federal Reserve official Logan stated that current wage levels do not pose inflationary pressure You may also like...
Surging Trading Profits Can't Stop the "Downsizing Trend"! America's Major Banks See Fastest Layoff Pace in Six Years as AI Becomes a Key Driver
17+ hour, 20+ min ago (407+ words) Bitget Surging Trading Profits Can't Stop the "Downsizing Trend"! America's Major Banks See Fastest Layoff Pace in Six Years as AI Becomes a Key Driver According to Zhitong Finance APP, although major U.S. banks have just delivered a stellar quarterly performance…...
Federal Reserve official Schmid suggests including food prices in core inflation indicators
23+ hour, 35+ min ago (29+ words) Bitget Federal Reserve official Schmid suggests including food prices in core inflation indicators You may also like...