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Fossils of colossal snake Vasuki unearthed in India mine: Fossil vertebrae unearthed in a lignite mine are the remains of one of the largest snakes that ever ...
reuters.com/science/fossils-colossal-snake-vasuki-unearthed-india-mine-2024-04-18/
Fossils of colossal snake Vasuki unearthed in India mine
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Wall St turns higher, gold climbs, oil dips amid economic, geopolitical crosswinds
reuters.com/markets/global-markets-wrapup-1-2024-04-18/
Wall St turns higher, gold climbs, oil dips amid economic ...
Profile picture of Insider (news website)
Stop thinking your expensive watch is an investment, says Rolex boss: It's "dangerous" to view luxury watches like they're investments, said Rolex CEO ...
businessinsider.com/rolex-ceo-watches-not-investments-dangerous-wrong-message-dufour-2024-4
Stop thinking your expensive watch is an investment, says Rolex boss
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Nasdaq, S&P muted as higher bond yields weigh: The benchmark S&P 500 and the Nasdaq were subdued on Thursday as higher Treasury yields pressured equities ...
reuters.com/markets/us/futures-rise-chip-stocks-bounce-back-after-sell-off-2024-04-18/
Nasdaq, S&P muted as higher bond yields weigh
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Nvidia, Chip Stocks Drop Into Correction as Rate Bets Shift: A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical ...
bloomberg.com/news/articles/2024-04-18/chips-stocks-fall-into-correction-on-rates-china-demand-worries
Nvidia, Chip Stocks Drop Into Correction as Rate Bets Shift
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Where To Find Princely 5% Yields For Your Cash And Take No Risk: The Federal Reserve threw you a curveball with interest rates. Cash is still king as inflation ...
investors.com/etfs-and-funds/personal-finance/interest-rates-how-to-cash-in-on-high-yielding-cash-cds-apys/
Where To Find Princely 5% Yields For Your Cash And Take No Risk
Profile picture of The Hill (newspaper)
Powell says rate cuts will take ‘longer than expected’ after ‘lack of progress’ on inflation
thehill.com/business/4597924-powell-says-rate-cuts-will-take-longer-than-expected-after-lack-of-progress-on-inflation/
Powell says rate cuts will take ‘longer than expected’ after ‘lack of ...
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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Expert warns: The markets will soon collapse by 30 percent: Expert David Brady predicts 30% market crash, possible Fed intervention and subsequent bull market ...
boerse-online.de/nachrichten/aktien/experte-warnt-die-maerkte-werden-bald-um-30-prozent-einbrechen-20355476.html
Expert warns: The markets will soon collapse by 30 percent
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Wells Fargo has worn its dunce cap long enough: The problem child of U.S. banking has been sitting on the naughty step for six long years ...
reuters.com/breakingviews/wells-fargo-has-worn-its-dunce-cap-long-enough-2024-04-18/
Wells Fargo has worn its dunce cap long enough
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Dollar edges down but still close to 5-1/2 month high, Fed, Middle East in focus
reuters.com/markets/currencies/dollar-steady-yen-fragile-after-fed-comments-dash-rate-cut-bets-2024-04-17/
Dollar edges down but still close to 5-1/2 month high, Fed ...
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The U.S. may be entering a new era of persistently high interest rates: With the Fed’s pivot plans now in disarray, it’s 2015 in reverse.
axios.com/2024/04/17/interest-rates-inflation-us-economics
The U.S. may be entering a new era of persistently high interest rates
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New real estate agency awaits lower mortgage rates: A new Front Street real estate firm is expecting buyers to “appear out of the woodwork” if the Federal ...
royalgazette.com/local-business/business/article/20240417/new-real-estate-agency-awaits-lower-mortgage-rates/
New real estate agency awaits lower mortgage rates
Profile picture of Insider (news website)
Stock market news today: futures higher on hawkish Fed comments: The S&P 500 and Nasdaq Composite both look set to open higher on Wednesday ...
markets.businessinsider.com/news/stocks/stock-market-news-today-futures-trend-upwards-spx-nasdaq-fed-2024-4
Stock market news today: futures higher on hawkish Fed comments
Profile picture of Bloomberg
Central Bankers Should Retire the 2% Inflation Target: With the energy shock now a memory, central bankers require more flexible objectives.
bloomberg.com/opinion/articles/2024-04-17/central-bankers-should-retire-the-2-inflation-target
Central Bankers Should Retire the 2% Inflation Target
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Discover Financial (DFS) Profit Plunges as Compliance Costs Bite: Discover Financial Services, the lender that agreed to be acquired by Capital One Financial ...
bloomberg.com/news/articles/2024-04-17/discover-financial-profit-plunges-68-as-compliance-costs-bite
Discover Financial (DFS) Profit Plunges as Compliance Costs Bite
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Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Wall Street pushes out rate-cut expectations, sees risk they don't start ...
Profile picture of Newsweek
Joe Biden Gets Bad News Right Before Speech: The Fed chair Jerome Powell suggested that borrowing costs may stay higher for longer.
newsweek.com/joe-biden-bad-news-before-speech-1891024
Joe Biden Gets Bad News Right Before Speech
Profile picture of Bloomberg
New Zealand Recession Is the Price of an Inflation Stalwart: New Zealand has a special place in the history of monetary policy. Its never-surrender approach to ...
bloomberg.com/opinion/articles/2024-04-16/new-zealand-recession-is-the-price-of-an-inflation-stalwart
New Zealand Recession Is the Price of an Inflation Stalwart
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Dollar Scholar Asks: When Can Debt Be a Good Thing?: Good debt can help increase net worth or enhance your life, while bad debt does the opposite — but too much ...
money.com/dollar-scholar-good-vs-bad-debt/
Dollar Scholar Asks: When Can Debt Be a Good Thing?
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High Inflation: The Reality Check on the Stock Exchanges: The mood on the stock markets has changed: many people had dismissed inflation too early ...
wiwo.de/politik/konjunktur/editorial-inflation-zeit-des-erwachens/29761904.html
High Inflation: The Reality Check on the Stock Exchanges
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Gold shines as Middle East tensions offset easing US rate-cut bets: GOLD prices climbed on Thursday, as risks of a widening Middle East conflict raised ...
thestar.com.my/business/business-news/2024/04/18/gold-shines-as-middle-east-tensions-offset-easing-us-rate-cut-bets
Gold shines as Middle East tensions offset easing US rate-cut bets
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