DIRS.INFO The most relevant business & tech news

☆ Treasury yields pause for breath as traders digest strong jobs data
▼ + stars: | 2024-05-10 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield, meanwhile, was marginally higher at 4.819%. U.S. Treasury yields were broadly flat early Friday as traders digested the jump in weekly jobless claims and what this could mean for interest rates. Relief at the auction outcome means traders are now firmly focused — once again — on the interest rate trajectory of the Federal Reserve. Weekly initial jobless claims, released Thursday, hit their highest level since August 2023, coming in at 231,000. It comes after the Bank of England on Thursday held interest rates as expected, but raised expectations of a cut in June.

Persons: —, Henry Allen, Treasurys, Dallas, Lorie Logan, Neel Kashkari, Goolsbee, Michelle Bowman Organizations: Treasury, U.S, Federal Reserve, Deutsche Bank, Bank of England Locations: U.S, Minneapolis

☆ 10-year Treasury yield rises as investors consider remarks from Fed officials
▼ + stars: | 2024-05-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields were higher on Thursday as investors considered remarks from Federal Reserve officials, scanning them for hints about the interest rate outlook. Collins' comments echoed those made by Minneapolis Fed President Neel Kashkari and Richmond Fed President Tom Barkin earlier in the week. More Fed officials are set to speak on Thursday and Friday. Elsewhere, the Bank of England is due to announce its latest interest rate decision on Thursday. The BoE is widely expected to leave interest rates unchanged, but investors will be scanning Governor Andrew Bailey's statement for hints about a potential summer rate cut.

Persons: Susan Collins, Collins, Neel Kashkari, Tom Barkin, BoE, Andrew Bailey's Organizations: Treasury, Federal Reserve, Boston, Wednesday, Minneapolis, Richmond Fed, Fed, Bank of England

☆ A growing chorus of experts don't think a rate cut is coming in 2024
▼ + stars: | 2024-04-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Investors are starting to take seriously the idea that the Fed might not cut interest rates in 2024. At this point, investors are viewing economic strength as ultimately good news for the stock market, if that means a recession is delayed. AdvertisementFrom seven, to three, to now potentially zero, projected interest rate cuts in 2024 are quickly going out of style on Wall Street. So a delay in interest rate cuts, on paper, would suggest lower stock prices. And better-than-expected first quarter profits have helped put a floor on a stock market that is trading near record highs, even as talks of interest rate cuts fade.

Persons: Neel Kashkari, Kashkari, Michelle Bowman, Bowman, Ed Yardeni, Yardeni, Mohamed El, Torsten Slok, Slok, Ken Fisher Organizations: Federal Reserve, Atlanta Fed, Minneapolis Fed, Fed, Bank of America

☆ 10-year Treasury yield slightly higher as investors await Fed speeches, economic data
▼ + stars: | 2024-04-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The 2-year Treasury note yield traded marginally higher at 4.685%. The 10-year Treasury yield was slightly higher on Thursday as investors closely monitored speeches from a host of Federal Reserve officials and awaited the release of key economic data. It comes as market participants continue to keep track of comments from Fed officials and await the release of the U.S. jobs report on Friday. A flurry of Fed speeches are also scheduled to take place. Philadelphia Fed President Patrick Harker, Richmond Fed President Tom Barkin and Minneapolis Fed President Neel Kashkari are just some of the officials poised to deliver comments on the outlook for the U.S. economy.

Persons: Jerome Powell, Powell, Patrick Harker, Tom Barkin, Neel Kashkari, —, Jeff Cox Organizations: Federal Reserve, Stanford University, Traders, Philadelphia Fed, Richmond Fed, Minneapolis Fed Locations: U.S, Richmond

☆ Harmful restrictive dieting: 3 questions you need to ask yourself
▼ + stars: | 2024-04-02 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —There are plenty of reasons why many health professionals don’t want you on a restrictive diet. But how do you know when a diet is restrictive or when you are just making choices with health or longevity in mind? In those cases that aren’t as clear-cut, here are three questions to ask yourself about your diet, Rollin and Mokari said. Feeling as if you can’t control yourself around particular foods might be a sign that you are being too restrictive in your diet, Rollin said. And that can be physically restrictive by not allowing yourself to eat the food or mentally restrictive by shaming yourself while eating it and afterward, she said.

Persons: Jennifer Rollin, Rollin, Natalie Mokari, Mokari, ”, “, ” Rollin, Rollin said, you’ve Organizations: CNN, Association for, Diversity Locations: Rockville , Maryland, Charlotte , North Carolina, ”

☆ Higher-for-longer interest rates favor large companies over their smaller rivals in many ways
▼ + stars: | 2024-02-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm. Before the Bell: How do the effects of higher-for-longer interest rates on companies vary by size? I think it might be a stretch to say that M&A activity picks up because of higher interest rates, so instead, it’s that if good businesses are beginning to suffer because of higher interest rates, then they might be more likely to be a target. Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living.

Persons: It’s, Bell, Lauren Goodwin, Matt Egan, ”, Patrick De Haan, doesn’t, ” Read, Raphael Bostic, Michelle Bowman, Philip Jefferson, Patrick Harker, Lisa Cook, Neel Kashkari, Christopher Waller Organizations: CNN Business, Bell, DC CNN, Federal Reserve, New York Life Investments, AAA, ’, HSBC, Walmart, Home Depot, Barclays, Caesars Entertainment, Nvidia, Rivian, Fidelity, Marriott, Intuit, Pacific Gas & Electric, Global, Chicago Fed, US Labor Department, National Association of Realtors, Warner Bros ., Icahn Enterprises Locations: Washington, Wingstop, United States

But if it is what the White House suggests, we may now find ourselves facing this generation’s Sputnik moment. Now that we know what Russia is planning, the United States cannot afford to be slow to act. The 1967 Outer Space Treaty, to which Russia is a party, prohibits the placement of “nuclear weapons or any other kinds of weapons of mass destruction” in orbit around Earth. While the United States has made advances in space defenses, it would struggle to defend its satellites against a nuclear attack in space. We use satellites to collect intelligence and to detect missile launches, and for navigation, communications and controlling precision weapons.

Persons: John Kirby, White, Eisenhower Organizations: Capitol, Soviet Union, Soviets Locations: Russian, Russia, United States

☆ Rescuers drill to send more food to trapped workers in Indian tunnel
▼ + stars: | 2023-11-20 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/3] Rescuers move machines past a tunnel where workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 19, 2023. REUTERS/Saurabh Sharma Acquire Licensing RightsSILKYARA, India, Nov 20 (Reuters) - Rescuers are trying to send cooked food and set up a phone connection to 41 workers trapped for eight days in a collapsed tunnel in the Indian Himalayas as they explore fresh rescue plans after previous attempts stalled, officials said on Monday. The men have been stuck in the highway tunnel in Uttarakhand state since it caved in early on Nov. 12 and are safe, authorities said. They have access to light and supplies of oxygen, dry food, water and medicines are being sent via a pipe. "Our priority is to save 41 lives who are trapped inside the tunnel.

Persons: Saurabh Sharma, Bhaskar Khulbe, Nitin Gadkari, Gadkari, R.C.S, Panwar, Jasvant Kapoor, Shivam Patel, Raju Gopalakrishnan Organizations: REUTERS, Transport, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Instant view: Cooler October US CPI raises confidence that Fed hikes done
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +8 min

Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis. The rally was due to rising investor belief that the Federal Reserve will now be less likely to hike interest rates at future meetings. LINDSAY ROSNER, HEAD OF MULTI-SECTOR FIXED INCOME INVESTING, GOLDMAN SACHS ASSET MANAGEMENT, NEW YORK“Today's Core CPI print was below expectations. "The Fed will not want to step back from its hawkish stance yet; the annual core rate at 4% is still some way away from target. THOMAS HAYES, CHAIRMAN AT HEDGE FUND GREAT HILL CAPITAL, NEW YORK"We're happy to see both headline and core CPI come in lower than expected.

Persons: Hannah Beier, ” BEN JEFFERY, GREG BASSUK, ” “, ” BRIAN JACOBSEN, MENOMONEE, we’ll, ” CHRIS ZACCARELLI, LINDSAY ROSNER, GOLDMAN, ” MATTHEW MISKIN, JOHN, “, ” STUART COLE, Kashkari, Powell, PETER ANDERSEN, ANDERSEN, it's, THOMAS HAYES, OLIVER PURSCHE, It’s, ” Organizations: Reading, REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Markets, BMO, Reserve, CPI, ALLIANCE, Fed, Global Finance, Thomson Locations: Philadelphia , Pennsylvania, U.S, WALTHAM, MA, WISCONSIN, CHARLOTTE, GOLDMAN SACHS, JOHN HANCOCK, BOSTON, LONDON

☆ S&P 500, Nasdaq score longest win streak in 2 years on rates view
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Fellow Governor Michelle Bowman said she took the recent Gross Domestic Product number as evidence the economy not only "remained strong," but might have gained speed and requires a higher Fed policy rate. The Dow Jones Industrial Average (.DJI) rose 56.94 points, or 0.17%, to 34,152.8; the S&P 500 (.SPX) gained 12.40 points, or 0.28 %, at 4,378.38 and the Nasdaq Composite (.IXIC) added 121.08 points, or 0.90 %, at 13,639.86. The S&P 500 (.SPX) scored its seventh straight day in the green, with the Nasdaq (.IXIC) recording its eighth straight advance, the longest such streak for each index in two years. The Dow gained for a seventh straight session, its longest since a 13-session run in July. The S&P 500 posted 15 new 52-week highs and three new lows while the Nasdaq recorded 48 new highs and 145 new lows.

Persons: CME's, Christopher Waller, Michelle Bowman, Neel Kashkari, Austan Goolsbee, Jerome Powell, Powell, Ken Polcari, Brendan McDermid, Dow, Lorie Logan, Chuck Mikolajczak, Richard Chang Organizations: Dow, Nasdaq, Treasury, Federal Reserve, Fed, Federal Reserve Bank of Minneapolis, Chicago Fed, Kace Capital Advisors, New York Stock Exchange, REUTERS, Microsoft, Apple, Dow Jones, . Energy, Dallas Federal Reserve Bank, Uber Technologies, NYSE, Thomson Locations: U.S, Boca Raton , Florida, New York City

☆ Dollar bounces after sharp selloff, weak data hurts euro
▼ + stars: | 2023-11-07 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. "If you look at the percentage of currencies that have been down versus the dollar over the last 26 weeks, it was approaching 100%, and data also showed very long dollar positioning ... Traders are now pricing in only a slim chance of a further interest rate increase by the Fed and see three 25-basis-point rate cuts by next November. The euro fell 0.20% to $1.0695 after data showed a larger-than-expected fall in German industrial production in September. The yen softened to 151.74 per dollar last week, edging closer to October 2022 lows that spurred several rounds of dollar-selling intervention.

Persons: Dado Ruvic, Marc Chandler, Jerome Powell, Chester Ntonifor, Chandler, Powell, Christopher Waller, Michelle Bowman, Neel Kashkari, Austan Goolsbee, Fiona Cincotta, Karen Brettell, Alun John, Ankur Banerjee, Paul Simao, Mark Heinrich Our Organizations: REUTERS, U.S ., Australian, greenback, Fed, Bannockburn Global, BCA Research, Traders, . Minneapolis, Chicago Fed, PMI, Index, Reserve Bank of Australia, Thomson Locations: Tokyo, U.S, Bannockburn, New York, London, Singapore

☆ S&P 500, Nasdaq poised for longest win streak in 2 years on rate hopes
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Both Federal Reserve Bank of Minneapolis President Neel Kashkari and Chicago Fed President Austan Goolsbee also refused to rule out rate cuts. The pullback in yields helped lift megacap growth names such as Microsoft (MSFT.O), up 1.5%, and Apple (AAPL.O), up 1.7%, as the biggest boosts to both the S&P 500 and Nasdaq. Also due to speak on Tuesday was New York Fed President John Williams. The S&P 500 (.SPX) is on pace for its seventh straight day in the green, with the Nasdaq (.IXIC) on track to rise for the eighth day in a row, the longest such streak for each index in two years. The S&P 500 posted 13 new 52-week highs and three new lows while the Nasdaq recorded 43 new highs and 132 new lows.

Persons: Brendan McDermid, Christopher Waller, Michelle Bowman, Neel Kashkari, Austan Goolsbee, Jerome Powell, Powell, Ken Polcari, John Williams, Dow, Amruta Khandekar, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Treasury, Federal Reserve, Federal Reserve Bank of Minneapolis, Chicago Fed, Kace Capital Advisors, Microsoft, Apple, Dow Jones, Energy, New York Fed, Uber Technologies, Thomson Locations: New York City, U.S, Boca Raton , Florida, Bengaluru

"This was an outstanding quarter ... this big blowout number," Waller told an economic data seminar at the St. Louis Fed. So this is something we are keeping a very close eye on when we think about policy going forward." It's clearly calming down," with recent employment gains more in line with the levels seen before the coronavirus pandemic, Waller said. The Fed is in the process of weighing that and other data to determine whether to hike the benchmark policy rate again. However neither Goolsbee nor Minneapolis Fed President Neel Kashkari, who spoke to Bloomberg Television on Tuesday, ruled out further Fed rate increases.

Persons: Christopher Waller, Waller, Louis Fed, Michelle Bowman, Bowman, Lisa Cook, Austan Goolsbee, Goolsbee, Neel Kashkari, Kashkari, Howard Schneider, Lindsay Dunsmuir, Michael Derby, Ann Saphir, Paul Simao, Andrea Ricci Organizations: Federal Reserve, St, Ohio Bankers League, Fed, New York Fed, Atlanta, CNBC, Chicago Fed, Minneapolis, Bloomberg Television, Thomson Locations: U.S

☆ Researchers investigating a medieval burial site found Christian symbols tattooed on one of the bodies' feet
▼ + stars: | 2023-10-23 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

Researchers recently discovered a rare Christian tattoo while studying a medieval site in Sudan. The tattoo was found on the top of the foot of a body found at a nearby burial site. AdvertisementAdvertisementArcheologists studying a burial site near a medieval monastery spotted a rare find when examining one of the bodies: the faint remains of a series of Christian symbols tattooed on the person's foot. The researchers released images of the tattoo taken with a full-spectrum camera and digitally enhanced to show the outline of the early Christian symbols. AdvertisementAdvertisementThe team was investigating the Ghazali monastery, a well-preserved archeological site located in Sudan, according to the University of Warsaw's statement.

Persons: —, Kari A, Ghazali, Guilbault, bioarchaeologist Robert Stark, LiveScience, Jesus, Stark Organizations: Alpha, Omega, Service, Purdue University bioarchaeologist, University of Warsaw, Rho, University of, Sudanese, Polish, of Locations: Sudan, Polish

☆ Morning Bid: Banks, Biden visit buoy markets
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Biden leaves later on Tuesday for a high stakes visit to Israel and Jordan and Washington said Israeli Prime Minister Benjamin Netanyahu had agreed to let humanitarian aid reach besieged Gazans. That reversed a pre-weekend 'safety bid' that emerged amid fears an Israeli ground invasion into Gaza could draw other regional countries and groups into the war. Before then, bond markets will have to negotiate tomorrow's 20-year Treasury auction. The relatively new 20-year tenor has often proved unpopular and will be watched closely after a poor reception for the latest 30-year bond last week.

Persons: Brendan McDermid, Mike Dolan, Joe Biden's, Biden, Washington, Benjamin Netanyahu, Wells, Goldman Sachs, Charles Schwab, Jerome Powell's, Vladimir Putin, Xi Jinping, Lockheed Martin, Johnson, JB Hunt, Michelle Bowman, John Williams, Neel Kashkari, Tom Barkin, Luis de Guindos, Joe Biden, Olaf Scholz Organizations: New York Stock Exchange, REUTERS, Treasury, JPMorgan, Citigroup, Bank of America, Bank of New York Mellon, Federal Reserve, HK, Bank of England, Lockheed, United Airlines, Michelle Bowman , New York Fed, Minneapolis Fed, Richmond Fed, European Central Bank, European Union, Luxembourg Retail, Reuters Graphics Reuters, EIA, Thomson Locations: New York City, U.S, Israel, Gaza, Jordan, Israeli, Gazans, Asia, Europe, Wells Fargo, China, Russian, Beijing, Ukraine, United, Canada, Michelle Bowman , New, Frankfurt, Luxembourg, Venezuela

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, U.S., May 22, 2023. "It's certainly possible that higher long-term yields may do some of the work for us in terms of bringing inflation back down," Kashkari said in a town hall hosted by Minot State University. "But if those higher long-term yields are higher because their expectations about what we're going to do has changed, then we might actually need to follow through in their expectations in order to maintain those yields." Asked about the chances that inflation falls back to the Fed's 2% goal but the unemployment rate does not rise sharply -- the so-called soft landing for the economy -- Kashkari said it's looking "favorable." Still, he cautioned, if the economy stays too strong, the Fed may need to raise rates further to slow it, risking a harder landing.

Persons: Neel Kashkari, Mike Segar, Kashkari, It's, Ann Saphir, Leslie Adler, Jonathan Oatis Organizations: Federal Reserve Bank of Minneapolis, Reuters, REUTERS, Reserve, Minot State University, Thomson Locations: New York City , New York, U.S, Minneapolis

Moves were relatively muted as traders waited for more Fed officials to speak later in the day, as well as minutes from the last Fed meeting to be released on Wednesday and U.S. inflation data on Thursday. The euro was last up 0.12% against the dollar at $1.0581. The dollar index , which tracks the greenback against six peers, was last up less than 0.1% at 106.05. The Swiss franc , a traditional safe-haven currency, was last flat, with the dollar trading at 0.9068 francs. Fed officials Raphael Bostic, Christopher Waller, Neel Kashkari and Mary Daly are due to speak later on Tuesday.

Persons: Dado Ruvic, Simon Harvey, Israel's shekel, They're, Chris Turner, Israel, Raphael Bostic, Christopher Waller, Neel Kashkari, Mary Daly, Harry Robertson, Tom Westbrook, Sam Holmes, Simon Cameron, Moore, Susan Fenton, Sharon Singleton Organizations: REUTERS, Hamas, Bloomberg, Columbus, Treasury, Kyodo, Bank of Japan, . Treasury, ING, Swiss, Thomson Locations: SINGAPORE, China, Israel, Palestinian, Gaza, London, Singapore

☆ The Fed is at odds with itself. That’s a feature, not a bug
▼ + stars: | 2023-10-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

So, Fed officials are divided, but it doesn’t really matter. Fed officials are still people, and as the saying goes, opinions are like bellybuttons in that everyone’s got one. Fed officials in that committee with voting power have the option to dissent, but it’s only happened twice this cycle. This year’s voters, which are Dallas Fed President Lorie Logan, Chicago Fed President Austan Goolsbee, Philadelphia Fed President Patrick Harker, and Minneapolis Fed President Neel Kashkari, will be rotated out next year. Up NextMonday: Fed officials Lorie Logan, Michael Barr and Phillip Jefferson deliver remarks.

Persons: Mary Daly, Michelle Bowman, ”, Biden, That’s, Michael Feroli, everyone’s, “ It’s, ” Feroli, Esther George, Ed Al, Hussainy, JPMorgan’s Feroli, It’s, Jerome Powell, John Williams, Lorie Logan, Austan Goolsbee, Patrick Harker, Neel Kashkari, Logan, Kashkari, Raphael Bostic, San Francisco Fed’s Daly, – CNN’s Elisabeth Buchwald, Michael Barr, Phillip Jefferson, Christopher Waller Organizations: CNN Business, Bell, CNN, Federal, San Francisco Fed, JPMorgan, Fed, Market Committee, Kansas City, Columbia Threadneedle Investments, Governors, New York Fed, Dallas Fed, Chicago Fed, Philadelphia Fed, Minneapolis Fed, San Francisco, Treasury, PepsiCo, The National Federation of Independent Business, US Labor Department, Federal Reserve, Delta, China’s National Bureau of Statistics, The University of Michigan Locations: San, Kansas, Columbia, Cleveland, Richmond, Atlanta, San Francisco, Walgreens

☆ 10-year Treasury yield falls after notching 15-year high in previous session
▼ + stars: | 2023-09-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The yield on the 30-year Treasury bond also dipped about 3 basis points to 4.7%. At the shorter end of the curve, yields were slightly lower. One basis point equals 0.01%. The yield on the benchmark 10-year Treasury note slipped by more than 3 basis points to trade at 4.563%, extending losses after hitting 4.688% on Thursday — its highest level since Oct. 15, 2007 when it yielded as much as 4.719%. The U.S. 10-year Treasury yield was trading lower on Friday, moving away from a fresh 15-year high notched in the previous session.

Persons: Neel Kashkari, CNBC's, —, Sarah Min, Lisa Kailai Han Organizations: Federal, Minneapolis, Federal Reserve Locations: U.S, Chicago

☆ 10-year Treasury yield touches fresh 15-year high
▼ + stars: | 2023-09-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Earlier in the morning, it climbed higher to hit a fresh 15-year high of 4.643%. The yield on the 2-year Treasury was up by less than 1 basis point at 5.148%. The U.S. 10-year Treasury touched a new high on Thursday, as investors looked to key economic reports and concerns persisted over the outlook for monetary policy, particularly high interest rates. A series of key data is due out before the end of the week. Investors are looking to the data for hints about the state of the economy and the path for interest rates ahead.

Persons: Neel Kashkari, CNBC's Organizations: Treasury, Federal Reserve Locations: U.S, Minneapolis

☆ CNBC Daily Open: Thinking about tech
▼ + stars: | 2023-09-27 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Alibaba unit IPO Alibaba plans to list its logistics unit Cainiao in Hong Kong, the Chinese e-commerce giant said in a regulatory filing on Tuesday. It's the first to announce listing plans among the six business units as a result of one of the most radical shake-ups in Alibaba's history . The company split its structure into six business units, and hopes most of them will be able to raise outside funds and go public.

Persons: Rene Haas, It's, Dimon, — Dimon, it's, Jerome Powell, Jamie Dimon, Neel Kashkari, Herman Narula, Narula, Alibaba Organizations: Arm, Nasdaq, CNBC, TV18, Dow Jones, Dow, Financial, Treasury, Federal, JPMorgan Chase, Minneapolis Federal, Tech Locations: New York City, Hong Kong, Ukraine, America, China, India, U.S, Minneapolis

"I expect rates may have to stay higher, and for longer, than previous projections had suggested," said Collins. San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari are scheduled to make remarks later on Friday as the Fed's "blackout" period on post-meeting policy comments lifted. The central bank's decision to hold its benchmark overnight interest rate steady this week was unanimous. Collins does not currently have a vote on rate policy under a Fed system that rotates votes among the 12 reserve bank presidents year by year. New projections issued at the end of a two-day policy meeting on Wednesday showed 12 of 19 Fed officials expect one additional quarter point rate increase this year.

Persons: Dado Ruvic, Michelle Bowman, Susan Collins, Collins, Mary Daly, Neel Kashkari, Bowman, Howard Schneider, Paul Simao, Andrea Ricci Organizations: REUTERS, Rights, . Federal, Independent Community Bankers of, Maine Bankers Association, Boston, Fed, San Francisco Fed, Minneapolis Fed, Thomson Locations: Independent Community Bankers of Colorado

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. "The prospect of rates staying higher for longer has given investors a lingering headache," said Russ Mould, investment director at AJ Bell. "Many had hoped we would approach the end of 2023 with a clearer picture on when rates will start to be cut." ET, Dow e-minis were up 36 points, or 0.1%, S&P 500 e-minis were up 11 points, or 0.25%, and Nasdaq 100 e-minis were up 68.5 points, or 0.46%. Wayfair (W.N) rose 2.6% after Bernstein upgraded the online furniture retailer to "market perform" from "underperform", citing improving revenue growth and margins.

Persons: Brendan McDermid, dampening, Russ Mould, AJ Bell, Neel Kashkari, Lisa Cook, Li Auto, Alibaba, Bernstein, Ankika Biswas, Shristi, Anil D'Silva, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Activision, Microsoft, Dow, Nasdaq, U.S, Treasury, Apple, Nvidia, P Global, PMI, Minneapolis, Detroit, Dow e, PDD Holdings, Baidu, Hong, Thomson Locations: New York City, U.S, Hong Kong, Bengaluru

☆ Morning Bid: Edgy market calm after worst day of 2023
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +5 min

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. World stocks captured by MSCI's all-country index (.MIWD0000PUS) recorded their worst day of the year so far - dropping 1.69%. The yen fell back again but the dollar/yen rate remained below Thursday's 2023 high of 148.45. The pound hit its lowest level since March and 10-year British gilt yields fell to their lowest level since July. Elsewhere, oil prices nudged higher again on Friday as concerns that a Russian ban on fuel exports could tighten global.

Persons: Sarah Silbiger, Mike Dolan Punch, Rupert Murdoch, Lisa Cook, Susan Collins, Neel Kashkari, Mary Daly Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Bank of Japan, Fed, European Central Bank and Bank of England, Treasury, Sterling, of, Activision Blizzard, Markets Authority, Ubisoft, Cisco Systems, Cisco, Fox Corp, News Corp, JPMorgan, Federal Reserve, Boston, Minneapolis Fed, San Francisco Fed, Reuters Graphics Reuters, Reuters, Thomson Locations: Washington ,, U.S, Australia, Britain, United States, India

☆ Swiatek pulls out of Guadalajara
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Swiatek had said she needed a reset after her 75-week run as world number one came to an end. "Unfortunately I need to withdraw from the tournament in Guadalajara due to a change of schedule," Swiatek posted on social media platform X. French Open champion Swiatek, who was set to make her debut in the Sept. 17-23 Guadalajara tournament, said she would return to action in Tokyo at the start of next month. U.S. Open champion Coco Gauff, defending Guadalajara champion Jessica Pegula, 2022 runner-up Maria Sakkari and Tunisia's Ons Jabeur have all entered the Mexico event. Reporting by Shrivathsa Sridhar in Bengaluru; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Iga Swiatek, Slovenia's Kaja Juvan, Brendan Mcdermid, Swiatek, Jelena Ostapenko, Coco Gauff, Jessica Pegula, Maria Sakkari, Shrivathsa Sridhar, Mark Heinrich Our Organizations: Slovenia's Kaja Juvan REUTERS, U.S, Thomson Locations: Flushing Meadows , New York, United States, Guadalajara, Belarus, Tokyo, Mexico, Bengaluru

Search resuls for: "Kari A"

25 mentions found