News
Kevin Warsh Confirmed as Fed Chair in 54-45 Senate Vote
4+ hour, 40+ min ago (348+ words) bloomingbit Kevin Warsh Confirmed as Fed Chair in 54-45 Senate Vote Forecast Trend Report by Period Former Federal Reserve Governor Kevin Warsh won Senate confirmation as the next Fed chair on May 14 in a 54-45 vote, clearing the chamber by nine votes....
US Senate Confirms Kevin Warsh as Fed Chair
5+ hour, 42+ min ago (117+ words) The US Senate has given final approval to Kevin Warsh's nomination as chair of the Federal Reserve, formally confirming a leadership change at the central bank. Walter Bloomberg reported on May 13 that the Senate approved Warsh's nomination in a vote....
US April Producer Prices Jump 1. 4% on Month as Iran-Driven Oil Shock Lifts Costs
14+ hour, 22+ min ago (176+ words) Rising global oil prices tied to the war involving Iran pushed U. S. producer prices in April well above market expectations. The Producer Price Index rose 1. 4% in April from the previous month, the Labor Department's Bureau of Labor Statistics said on May…...
IMF Chief Warns Oil at $120-$130 Through Next Year Could Trigger Global Recession
12+ hour, 42+ min ago (155+ words) bloomingbit IMF Chief Warns Oil at $120-$130 Through Next Year Could Trigger Global Recession Forecast Trend Report by Period The International Monetary Fund warned that a surge in oil prices stemming from the war in Iran could raise the risk of…...
Boston Fed's Collins Says More Rate Hikes May Be Needed to Cool Inflation
11+ hour, 15+ min ago (138+ words) Susan Collins, president of the Federal Reserve Bank of Boston, said additional interest-rate increases may be needed to ease inflation pressures, signaling the Federal Reserve could keep its policy stance tight. Walter Bloomberg reported on May 13 that Collins said the…...
Morgan Stanley Sees Kospi at 9, 500 by Year-End, 10, 000 in Bull Case
22+ hour, 22+ min ago (222+ words) Morgan Stanley said the Kospi could climb to 9, 500 this year and reach 10, 000 in a bull-case scenario. In a report dated May 12, the global investment bank said it expects the Kospi to continue rising on structural growth and sustained reforms. It…...
US Stocks Fall as Oil Tops $101 and April CPI Sparks Bond Selloff
1+ day, 5+ hour ago (419+ words) US stocks fell on May 12 as higher oil prices and the April consumer price report triggered selling in both equities and bonds. Inflation concerns resurfaced after US crude climbed above $101 a barrel. West Texas Intermediate crude for June delivery rose…...
Senate Confirms Kevin Warsh as Fed Governor, Chair Vote Set for May 14
1+ day, 6+ hour ago (174+ words) The U. S. Senate has formally confirmed Kevin Warsh to the Federal Reserve Board, bringing a potential change in the central bank's leadership closer to reality. The Senate approved Warsh's appointment as a Fed governor on May 12 in a 51-45 vote, according to…...
Gold Holds Near $4, 740 on Hormuz Tensions, Inflation Fears; Silver Surges
2+ day, 1+ hour ago (210+ words) Gold held onto its gains as geopolitical tensions in the Middle East and mounting inflation concerns supported demand for haven assets. Bloomberg reported on May 11 that spot gold traded near $4, 740 an ounce, steady around the previous session's levels after rising…...
Retail Investors Pour 14. 6 Trillion Won a Night Into Kospi 200 Futures
4+ day, 1+ hour ago (402+ words) As South Korea's stock market heats up, investors are becoming more active after the regular trading session ends. Night trading in Kospi 200 futures has surged this year as demand grows for ways to react to overseas developments while local markets…...