News
Wall Street Contemplates An Open-Ended Conflict: Morning Brief
11+ hour ago (1399+ words) (Yahoo! Finance) -Good morning!Wednesday's oil price reprieve was short-lived. Prices for Brent (BZ=F) and WTI (CL=F) were hovering just under $100 per barrel on Thursday as the conflict in the Middle East widened, bringing the stock market down. On the…...
Iran Oil Price Shock Scrambles Fed Outlook, Rate Discussions
3+ day, 10+ hour ago (730+ words) No upcoming events at this time (Yahoo! Finance) -Just over a week ago, deliberations inside the Federal Reserve looked a lot different than they do now. The war in Iran, which has pushed up oil prices to around $100 a barrel,…...
Stagflation Trades Sweep Markets As Trump Signals Widening War
4+ day, 11+ hour ago (1292+ words) No upcoming events at this time (Bloomberg) -Traders" hopes for a quick resolution of the conflict in the Middle East are fading. Last week"s wait-and-see stance has changed into something more decisive: markets are pricing in a deeper and…...
Wall Street Veteran Says A Recession Is Only Being Held Back By Tech
4+ day, 29+ min ago (760+ words) No upcoming events at this time This distinction between what Paulsen characterizes as the "new era economy" and the "old era economy" has important implications for wealth advisors. For clients whose portfolios, businesses, or employment are linked to more traditional…...
Fed's Hammack Backs Steady Interest Rates, Tells NYT It's Too Early To Gauge Iran War Impact
1+ week, 1+ day ago (275+ words) No upcoming events at this time (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said it was too early "to gauge the economic impact of the Iran "war and backed holding interest rates steady for "quite some time", in…...
Fed's Kashkari Says Iran War Obscures Monetary Policy Outlook
1+ week, 2+ day ago (495+ words) No upcoming events at this time (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Tuesday that the Iran conflict has increased uncertainty about the U.S. economic outlook and made it harder to know what lies ahead for central…...
Dimon Warns Higher Inflation Risks Being ‘Skunk At A Party’ For US Economy
1+ week, 4+ day ago (308+ words) No upcoming events at this time (Bloomberg) -JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned that inflation could become a "skunk at a party" for the US economy. "There's some risk there's more inflation than people think, and that…...
Bitcoin Falls Below $64,000 As Losses Accelerate, Hits Lowest Levels Since October 2024
1+ mon, 1+ week ago (411+ words) No upcoming events at this time (Yahoo! Finance) -Bitcoin (BTC-USD) crashed over 13% on Thursday, sinking below $64,000 to touch its lowest levels since October 2024 as a steep sell-off accelerated. The token is down nearly 50% from last year's all-time high, erasing all…...
Wealth Inequality and the ‘K-Shaped’ Economy are More Striking Than Ever, Data Shows
1+ mon, 2+ week ago (1137+ words) No upcoming events at this time (CNBC) -The gap between the best and worse off Americans is growing " and economists don't see an end in sight. The'K-shaped'economy has been top of mind for consumers, corporate leaders, policymakers and investors since…...
Trump's Fed Chair Pick May Come In The Next Week Or So: Bessent
1+ mon, 2+ week ago (1333+ words) No upcoming events at this time (Yahoo! Finance) -President Trump has made it clear that heintends to replaceFederal Reserve Chair Jerome Powell. Treasury Secretary Scott Bessent told Yahoo Finance Senior ReporterJennifer Schonbergerthat his "inclination is we may hear something in…...