News
WRAPUP 1-US producer prices post largest monthly drop in 14 months on lower energy costs
9+ hour, 20+ min ago (548+ words) Producer Price Index falls 0.3% in June, confounding economists' expectations for an unchanged reading Declines in energy and food prices account for drop in monthly producer prices WASHINGTON, July 15 (Reuters) - U.S. producer prices unexpectedly fell in June, posting their biggest decline in…...
Kevin Warsh's Congressional Debut Like a 'Breath of Fresh Air,' Says El Erian, as Schiff Flags Fed Chair's 'False Claim"
8+ hour, 57+ min ago (672+ words) Kevin Warsh's Congressional Debut Like a 'Breath of Fresh Air,' Says El Erian, as Schiff Flags Fed Chair's 'False Claim' Federal Reserve Chair Kevin Warsh‘s congressional debut as Fed chief sparked mixed reactions from economists after he defended the…...
WRAPUP 2-US producer prices post largest drop in 14 months; inflation risks still tilted to the upside
9+ hour, 29+ min ago (850+ words) Adds details from report, analyst comments throughout Producer Price Index falls 0.3% in June, confounding economists' expectations for an unchanged reading Declines in energy and food prices account for drop in monthly producer prices WASHINGTON, July 15 (Reuters) - U.S. producer prices unexpectedly fell…...
Higher For Longer Rates Are Reviving US Large Cap Value Stocks
6+ day, 20+ hour ago (376+ words) Overview: Owens Corning is a US-based building materials company that supplies roofing, insulation and residential doors, along with glass fiber reinforcements, to home centers, distributors, builders and contractors across North America and internationally. Operations: Owens Corning generates most of its…...
Trump Expresses Disbelief At Fed Chair Kevin Warsh's Decision To Hold Rates Steady: 'Whatever"
3+ week, 5+ day ago (303+ words) Trump Expresses Disbelief At Fed Chair Kevin Warsh's Decision To Hold Rates Steady: 'Whatever' President Donald Trump expressed disbelief at the new Federal Reserve Chairman Kevin Warsh’s decision to maintain steady interest rates, a move he had previously criticized. Trump,…...
Kevin Warsh Held Rates And Didn't Give Much Guidance: Is That Bad for Bitcoin?
3+ week, 5+ day ago (399+ words) Kevin Warsh announced the Fed’s decision to hold rates steady at his first FOMC meeting Wednesday and deliberately avoided forward guidance, leaving markets to price in a rate hike by year-end as Bitcoin (CRYPTO: BTC) faces a fresh headwind. The…...
WRAPUP 2-US weekly jobless claims stay elevated amid seasonal volatility, but labor market stable
3+ week, 5+ day ago (830+ words) Adds details from report, regional factory survey, analyst comments throughout Weekly jobless claims fall 4,000 to 226,000 Claims rise between May and June nonfarm payrolls survey weeks Continuing claims increase 24,000 to 1.810 million WASHINGTON, June 18 (Reuters) - The number of Americans filing claims for…...
WRAPUP 1-US weekly jobless claims fall, but remain elevated
3+ week, 5+ day ago (650+ words) Weekly jobless claims fall 4,000 to 226,000 Claims rise between May and June nonfarm payrolls survey weeks Continuing claims increase 24,000 to 1.810 million WASHINGTON, June 18 (Reuters) - The number of Americans filing claims for unemployment benefits fell last week, but remained at slightly higher…...
Gold Price Nears Death Cross As GLD And IAU ETFs Outflows Jump
1+ mon, 4+ week ago (437+ words) Gold price continued its downward trend and is about to flash a death cross pattern as inflation jumps and top ETF outflows continued. It dropped to $4,540, down by 19% from its highest point this year. American investors are dumping their gold…...
Inflation Set To Climb Back To 3.7%: Warsh Walks Into A Fed Trap
2+ mon, 5+ day ago (744+ words) PowerShares QQQ Trust,Series 1 If the disinflation story stalled in March, April is set to bury it. The Bureau of Labor Statistics releases the April inflation data at 8:30 a.m. ET on Tuesday, three days before Kevin Warsh is expected to be…...