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☆ Dollar keeps tight ranges ahead of Fed, jobs data
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +3 min

A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. "I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index. The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign. Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.

Persons: Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang Organizations: U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed Locations: U.S

☆ Lenders are bailing out of commercial real estate as a wave of debt builds
▼ + stars: | 2024-01-30 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Roughly $2.1 trillion of debt connected to commercial real estate assets, including office properties, apartment buildings, hotels, and retail spaces, will come due between now and the end of 2025 in the US, according to the real estate services firm JLL. The wave of maturities and the enormous equity shortfalls have raised concerns that a growing number of commercial real estate debts will fall into distress, forcing banks and other lenders to suffer losses. His group tracked about $15 billion of commercial property debt sales during the year, roughly three times the volume from 2022. Commercial real estate loans differ from residential mortgages taken by homeowners in that most are interest-only or pay down their principal balance minimally and span a decade or less. More banks are exploring loan salesBanks and other lenders generally aren't eager to seize the real estate assets that collateralize their debt.

Persons: Jerry, Stephen Scouten, Piper Sandler, it's, Kevin Aussef, Aussef, David Tobin, Marcus, Millichap, Synovus, Tobin, David Frosh, they're, Frosh, Fitch, David Blumberg, we'd, Blumberg, Daniel Geiger, Rob Verrone, Banks, You've, Bliss Morris, Morris Organizations: Amerant Bank, Business, Banking, CIBC, Mission, PacWest, HSBC, Fidelity, Funding Inc, Blackstone, Bloomberg, Broadway, Aon Center, 601W Companies, Iron Hound Management, First Financial Locations: Coral Gables , Florida, Houston, Canadian, Brookfield, Los Angeles, Columbus, Manhattan, Midland, Chicago, Oklahoma City, New York

☆ China’s Real Estate Crisis ‘Has Not Touched Bottom’
▼ + stars: | 2024-01-30 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

The unwavering belief of Chinese home buyers that real estate was a can’t-lose investment propelled the country’s property sector to become the backbone of its economy. But over the last two years, as firms crumbled under the weight of massive debts and sales of new homes plunged, Chinese consumers have demonstrated an equally unshakable belief: Real estate has become a losing investment. The troubles of the country’s real estate sector were laid bare on Monday when a Hong Kong court ordered China Evergrande to wind up operations and liquidate the company, which is saddled with over $300 billion in debt. Like the industry it once ruled, Evergrande limped along for two years after defaulting on payments it owed investors. Evergrande, lacking the cash to pay creditors, tried to exude confidence that its apartments remained a sound investment.

Persons: Evergrande Locations: Hong Kong, China

Home prices declined slightly in November while posting yearly gains, suggesting the housing sector has cooled somewhat heading into 2024. The house price decline came at a time where mortgage rates peaked, with the average Freddie Mac 30-year fixed rate mortgage nearing 8%, according to Federal Reserve data. But as more inventory comes on the market and mortgage rates remain elevated, sale prices may be beginning to wilt. That has led some analysts to say that the market could bounce back as the traditional spring buying season begins. The index tracks a three-month period when mortgage rates were zig-zagging and ended on a down note, said Danielle Hale, chief economist at Realtor.com.

Persons: ”, Brian Luke, San Francisco, Cleveland –, Luke, “, Freddie Mac, Selma Hepp, Danielle Hale Organizations: Dow Jones, Seattle, Cleveland, Midwest, Federal Reserve Locations: “, San, Miami, Tampa, Atlanta, Charlotte , New York

☆ Black hole 'particle accelerators' are causing mysterious cosmic rays to rain down on Earth at the speed of light
▼ + stars: | 2024-01-29 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

For the first time, a study showed how the cosmic rays are accelerated to near the speed of light. AdvertisementA small black hole is helping scientists understand how mysterious cosmic rays can barrel through the universe and hit Earth at nearly the speed of light. High-energy cosmic rays are constantly raining down on us from space, but scientists don't know that much about them. Speedy cosmic rays come from black holes and exploding starsOur planet is swimming in a sea of cosmic rays. But a nearby cosmic object called SS 433 provided a rare opportunity to peer into cosmic rays in unprecedented detail.

Persons: —, Laura Olivera, Nieto, it's, It's, Olivera Organizations: Jets, Service, Kernphysik, OSAKA METROPOLITAN UNIVERSITY, KYOTO UNIVERSITY, SS, NASA, Science Locations: Heidelberg, OSAKA, Manatee

☆ American's housing shortage won't be solved for years to come
▼ + stars: | 2024-01-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Read previewThe tight housing market has shown recent signs of easing, but Moody's Analytics still anticipates Americans will face inventory snags for years to come. Based on data from the end of December, the monthly sales pace implies 3.2 months' of housing inventory, according to the National Association of Realtors. That shortage suggests a recovery in the housing market remains years away, the researchers said. "One good year of 'excessive' supply was only in its relative term when compared with affordability-constrained demand," Moody's researchers said. Ultimately, to Moody's, increasing housing inventory and rebalancing the market will take years of "joint effort and creativity" across the public and private sectors.

Persons: —, Nick Villa, Moody's Organizations: Service, Business, National Association of Realtors, NAR

☆ Jim Cramer: Oil can bounce here, but supply issues are keeping a damper on price
▼ + stars: | 2024-01-29 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer: Oil can bounce here, but supply issues are keeping a damper on price'Mad Money' host Jim Cramer takes a deep dive into the energy and oil trade.

Persons: Jim Cramer

So let's get to it; here's how to watch the Chiefs vs. Ravens live stream for free today. If your country isn't supported, we can help you get around geo-blocks to watch the Kansas City Chiefs vs. Baltimore Ravens live stream wherever you are. How to watch Chiefs vs. Ravens live streams in the USAThe US Chiefs vs. Ravens live stream is available via multiple services carrying CBS. Australian TV channel 7Mate has a free Chiefs vs. Ravens live stream today. Watch Chiefs vs. Ravens.

Persons: let's, we've, it's, ExpressVPN Organizations: today's AFC, Chiefs, Ravens, Kansas City Chiefs, Baltimore Ravens, CBS, Paramount, NFL, Showtime, US Chiefs, AFC, Hulu, Live, Nickelodeon, Comedy Central, BET, MTV, Champions League, NFC, Super, . Watch Chiefs, Bowl, Business Locations: UK, Australia, USA, Hulu, Australian, Europe, Brazil, Japan, 7Mate, Spain, France

Learn moreThe NFC championship game is almost here, and we can help show you how to watch a free 49ers vs. Lions live stream in the US tonight. If your country isn't supported, we can help you get around geo-blocks to watch the San Francisco 49ers vs. Detroit Lions live stream wherever you are. How to watch 49ers vs. Lions live streams in the USAThe US 49ers vs. Lions live stream is available via multiple services carrying Fox. Alternative options include picking up a live TV service like Sling Blue, Fubo, or Hulu with Live TV. Australian TV channel 7Mate has a free 49ers vs. Lions live stream today.

Persons: we've, it's, Fubo, we'd, ExpressVPN Organizations: NFC, 49ers, Lions, Super, San Francisco 49ers, Detroit Lions, Fox, US 49ers, Hulu, Live, NFL, . Lions, Bowl, Business Locations: Australia, USA, Hulu, Australian, Europe, Brazil, Japan, 7Mate, Spain, France

Worse, Lamar Jackson bore little resemblance to the quarterback who deftly maneuvered through the season playing like a consensus MVP. We were one win away from the Super Bowl, what I’ve been talking about all season, my team has been talking about all season,” Jackson said after Sunday's 17-10 loss to the Kansas City Chiefs. Jackson went 20 for 37 for 272 yards, but made few big plays beyond two throws to rookie Zay Flowers for 30 and 54 yards. While he muffled some of the talk about his shortcomings in the playoffs during a 34-10 rout of Houston, the multifaceted star remains in search of his first Super Bowl appearance. Asked what he'll remember about this team, Jackson said, “How hard we fought.

Persons: Lamar Jackson, “, I’ve, ” Jackson, didn’t, That’s, I’m, Jackson, Zay Flowers, ”, John Harbaugh, “ He’s, Flowers, “ It’s, it’s, Roquan Smith, they'd, Smith, Todd Monken, we’ve Organizations: BALTIMORE, Super, Baltimore Ravens, NFL, Houston, Kansas City Chiefs, AFC, Ravens, Jackson, Super Bowl, “ Defense, ” Ravens, Baltimore, Chiefs, Miami, Kansas City, Baltimore . Kansas City Locations: Houston, Buffalo, Kansas, Baltimore . Kansas, Las Vegas

☆ Icon of the Seas: The world’s largest cruise ship sets sail on maiden voyage
▼ + stars: | 2024-01-27 | by ( Terry Ward | ) edition.cnn.com time to read: +12 min

CNN —There is nothing subtle about the world’s largest cruise ship. The commotion brought traffic to a halt along the causeway to Miami Beach that parallels the cruise ship channel. Icon of the Seas’ list of superlatives and firsts is longFinding time to fit in everything onboard Icon of the Seas promises to keep passengers busy. A Royal Caribbean spokesperson said Icon of the Seas is 24% more energy efficient than required for ships designed today. Royal Caribbean International is clearly pitching Icon of the Seas to a market that goes beyond cruising.

Persons: Lionel Messi, ”, Hurricane Hunter, Oz, Bryan Comer, Comer, Colleen McDaniel, McDaniels, ” McDaniels, Michael Verdure, Rob Clabbers, Q, ” Clabbers, Wagyu, Michael Bayley, ” Bayley, Jay Schneider, Royal, “, ‘, ’ ” Schneider, Terry Ward Organizations: CNN, Port, Hurricane, Storm, Royal, The International Council, Clean Transportation, Royal Caribbean International, Cruise, CNN Travel, Seas, Star, Royal Caribbean Locations: Port of Miami, Turku, Finland, Miami Beach, Argentine, Miami, Eastern Caribbean, Sedona , Arizona, Royal Caribbean, Florida’s Port Canaveral, Orlando, Chicago, Izumi, Caribbean, Vegas, Florida, Tampa

☆ These energy stocks may rally after U.S. crude oil prices rose above a key level this week
▼ + stars: | 2024-01-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at Miller Tabak. "That paves the way for higher prices," said Bob Yawger, managing director and energy futures strategist at Mizuho Americas. "If crude oil rolls back over, breaks below that level — that's going to tell you that I'm wrong. "And that tells me that if he's buying a stock that's highly leveraged to the price of oil, he believes oil prices are going higher." Just on Friday, Houthi militants claimed responsibility for a missile attack on an oil tanker, while a Ukrainian drone attack on a Russian fuel terminal on the Baltic Sea helped push oil prices higher earlier in the week.

Persons: Miller Tabak, Miller, Matt Maley, Bob Yawger, Yawger, WTI, Maley, It's, Diamondback, Buffett, Warren Buffett, Berkshire Hathaway, Friday's, Houthi Organizations: Occidental Petroleum, Diamondback Energy, West Texas, CNBC, Mizuho Americas, Occidental, Diamondback, United States Oil ETF, Berkshire, Wall Street Locations: Miller Tabak ., China, Occidental, Occidental's, Houston, FactSet, U.S, Russia, Ukraine, Ukrainian, Baltic

☆ Black holes are rampaging through our universe at more than 2.2 million mph and scientists think they now know why
▼ + stars: | 2024-01-27 | by ( Maiya Focht | ) www.businessinsider.com time to read: +6 min

These black holes get kicked into space, moving as fast as 1,000 kilometers per second. AdvertisementScientists studying how supernovas explode may have discovered a new process for how certain black holes form. Turns out, some baby black holes hit the ground running at colossal speeds just moments after they take shape. Asymmetrical explosions can lead to powerful kicks that send black holes shooting into space at over 2 million mph. AdvertisementIf the black holes are movingIf you hear blazing-fast black holes and start to panic, don't.

Persons: —, MARK GARLICK, GARLICK, Adam Burrows, Burrows, Vijay Varma, Ivo Labbe, Swinburne, Rachel Bezanson, Varma Organizations: Service, Princeton University, University of Massachusetts Dartmouth, NASA, ESA, CSA, University of Pittsburgh

☆ Buy or avoid China? The pros share their take — and stock picks
▼ + stars: | 2024-01-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

But this week, China embarked on monetary easing as it pledged to reduce the amount of liquidity that its banks are required to hold as reserves. Earlier this week, Bloomberg News, citing sources, reported that China is considering a $278 billion package to rescue its stock markets. Andrew Lapping, chief investment officer at Ranmore Fund Management , says the sharp decline in China markets is an "opportunity." "So the stock market is certainly putting much higher equity risk premium ... there are also concerns about policy direction, policy clarity ... Renewable energy: China Longyuan Power Group, China Resources Power.

Persons: Brendan Ahern, CNBC's, Andrew, Winnie Wu, Guy Spier, CNBC's Tanvir Gill, —, Wu, what's, Ahern, Amundi, It's, Morgan Stanley, Michael Bloom, Evelyn Cheng Organizations: Bloomberg, Investors, Ranmore Fund Management, BofA Securities, CCP, JPMorgan, EV, UBS, Baidu, China Communications, China Construction Bank, Ping An Insurance, China Longyuan Power Group, China Resources Power Locations: China, United States, Industrials

☆ Shut out of the high-flying Super Six? Here are some entry prices to consider
▼ + stars: | 2024-01-26 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The goal: Determine entry points for investors who don't currently have a position. If you already own shares, consider your cost basis and last buy for entry points. Microsoft Three potential entry points: $380, $365 and $342. Alphabet Three potential entry points: $140, $130 and $120. It doesn't mean we will necessarily upgrade all a stock if it reaches one of the entry points discussed above.

Persons: Apple, that's, MSFT, It's, we're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Cheng Organizations: Apple, Amazon, Microsoft, Nvidia, Semiconductor, Vision, Jim Cramer's Charitable, CNBC, Nvidia Corp, Bloomberg, Getty Locations: Thursday's, Taipei, Taiwan

☆ Sofia Richie Grainge announces pregnancy with ‘Vogue’ photoshoot
▼ + stars: | 2024-01-25 | by ( Alex Rees | ) edition.cnn.com time to read: +2 min

Sofia Richie Grainge is the latest star to partake in this trend, with a “Vogue” spread released Thursday featuring her in bump-baring shirts, tank tops and even some loose tailoring as a means of confirming her first pregnancy. (Richie Grainge and her husband, the music executive Elliot Grainge, were married last April in a ceremony which was also splashed across “Vogue.”)Richie Grainge told “Vogue” she learned of her pregnancy after a whirlwind trip to Milan Fashion Week last fall, when it turned out what she first thought to be jet-lag was an early bout of morning sickness. “I told everyone that I had bought them a gift from Milan,” the fashion influencer told the magazine of how she and Grainge then hid her positive pregnancy tests in designer gift boxes. “I’m not going to publicize my child on Instagram,” Richie Grainge said. If she wants to be a private person, I want her to be able to make that choice.”

Persons: there’s, Sofia Richie Grainge, baring, Richie Grainge, Elliot Grainge, “, Grainge, ’, “ I’ve, ” Richie Grainge, ”, “ I’m, It’s Organizations: CNN, Vogue, “ Vogue, Milan Locations: Milan

☆ A longevity doctor shares his 10-minute morning routine to reduce stress and improve focus
▼ + stars: | 2024-01-25 | by ( ) www.businessinsider.com time to read: +6 min

Anti-aging specialist Dr. Kien Vuu said his morning routine helps to promote health and longevity. The routine is simple and easy to follow to reduce stress and improve focus in just a few minutes. AdvertisementA doctor who specializes in anti-aging said he starts every day with a simple 10-minute morning routine that combines multiple science-based strategies for a longer, healthier life. AdvertisementVuu said his morning routine checks off several categories for boosting longevity, with exercise, stress-relieving breathwork, and a short meditation to improve mental and emotional health. AdvertisementHe ends his morning routine with a short gratitude meditationVuu said meditation is a regular part of his routine, particularly exercises that emphasize gratitude.

Persons: Kien Vuu, —, Vuu, breathwork Organizations: Service

☆ Icon of the Seas: Why Americans Are Obsessed With Big Cruise Ships
▼ + stars: | 2024-01-25 | by ( Henry Wismayer | ) www.businessinsider.com time to read: +17 min

Love them or loathe them, giant cruise ships are among the most remarkable success stories of the mass tourism age. Rechristened the Mardi Gras, the first Carnival cruise ship sailed out of Miami that March. Cruise ships like the Icon of the Seas will spend the majority of their trip at sea. Eight years later, cruise ships such as the Diamond Princess became early incubators for COVID-19. Cruise Market Watch forecasts there will be 360 cruise ships in service at the end of this year, comprising less than 1% of the global commercial fleet.

Persons: Ted Arison, Arison, Pieter De Boer, Costa, Diamond, Aaron Saunders, We've, Sue Bryant, Z, sass, Emma Le Teace, YouTuber, David Foster Wallace, Harper's, Sarah Knorr, Bryan Comer, Karla Hart, Hart, Saunders, it's, Henry Wismayer Organizations: Port, Passengers, Mardi Gras, Mardi, Gras, Cruise, Royal Caribbean, Costa Concordia, Cruise Lines International Association, Broadway, CivicScience, Royal, Virgin, Business, Transport & Environment, Getty, International Council, Global Cruise, Global Cruise Activist Network, Cruise Market, Royal Caribbean International, New York Times, National Geographic, Financial Times Locations: Port of Miami, Caribbean, Miami, The Port, Tuscany, Italy, Royal Caribbean, TikTok, Panama, Bahamas, Brussels, Netherlands, Douarnenez, Venice, Dubrovnik, Croatia, Amsterdam, Juneau , Alaska, Skagway , Alaska, CocoCay, London

☆ This underwater China EV stock is primed for a 'significant rally,' according to options trader
▼ + stars: | 2024-01-24 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

With the Chinese equity markets lagging further behind, China has now launched fiscal and monetary policy to stabilize it. This provides an opportunity for a significant bounce in an oversold and undervalued stock. These types of chart setups can potentially lead to a significant rally over a short period of time. With an outlook that is head and shoulders above its competition, XPEV trades at a relative discount and presents significant upside. The trade When we consider the macro environment in China and the significantly oversold and undervalued stock of XPEV, my preference is to add long exposure with a simple call option.

Persons: XPEV Locations: China, Europe

☆ Jim Cramer: If I were running a hedge fund, I would make these short-term trades on China's bank stimulus
▼ + stars: | 2024-01-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Wednesday that China's big monetary policy easing overnight to boost its economy and stock market presents investors with a short-term trading opportunity. This type of monetary policy stimulus is about giving banks more incentives to lend to kickstart the economy. But he said Wednesday that China's monetary policy move to reduce what banks must hold in rainy day funds could be the thing that helps the economy turn the corner. While the Club waits for its China-tied stocks to bounce back, Cramer said during Wednesday's Club meeting that he felt compelled to share the China trades. Club members can watch a replay of January's Monthly Meeting below : (Jim Cramer's Charitable Trust is long EL, SBUX, WYNN.

Persons: CNBC's Jim Cramer, Cramer, Goldman Sachs, It's, Estee Lauder, Jim Cramer's, WYNN Organizations: Baidu, PDD Holdings, CNBC, Club, Goldman, Wynn Resorts, Wednesday's Locations: U.S, China's, China

Tuesday's analyst calls include upgrades to two solar names and a downgrade to a key crypto stock. 7:05 a.m.: Citi increases Meta price target ahead of earnings Meta shares have more runway ahead, according to Citi. Analyst Kenneth Worthington downgraded the crypto exchange to underweight from neutral, reiterating his price target of $80. Analyst Jordan Levy upgraded Sunnova to buy from hold and raised his price target to $18 from $10. He upgraded Enphase Energy to buy from hold, moving his price target to $145 from $85.

Persons: Truist, Ronald Josey, Josey, — Pia Singh, TD Cowen, Jason Gabelman, Gabelman, Jefferies, Glen Santangelo, Teva, Cantor Fitzgerald, C.J, Muse, Kenneth Worthington, Worthington, Coinbase, — Fred Imbert, Jordan Levy, Levy Organizations: CNBC, Enphase Energy, Federal Reserve, JPMorgan, Citi, Meta, Exxon, Chevron, Cowen, Exxon Mobil, Teva Pharmaceuticals, Jefferies Investors, pharma, mdc, Nvidia, Energy, Sustainability Locations: buybacks, Teva, Monday's

SAN FRANCISCO (AP) — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. Political Cartoons View All 253 ImagesThe rising tide of customers left Netflix with more than 260 million global subscribers at the end of 2023 — an annual increase of nearly 30 million subscribers. Last year’s performance was a stark contrast to 2022’s increase of 8.9 million subscribers — a lackluster showing that raised questions whether the video-streaming pioneer was losing steam amid stiffening competition for viewers. The revenue exceeded analysts' forecasts, while earnings per share missed analyst targets, partly because of a $239 million charge tied to its foreign debt. The company's shares rose nearly 7% in Tuesday's extended trading after its fourth-quarter numbers came out.

Persons: ”, Oscar, “ Maestro Organizations: FRANCISCO, Netflix, Research, Revenue, Walt Disney Co, Warner Bros, Discovery Locations: Gatos , California

☆ Trump aims to drive Haley out of the GOP race with big New Hampshire win
▼ + stars: | 2024-01-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The former South Carolina governor is pushing back hard against Trump’s bid to end the GOP primary race after only two nominating contests. She’s calling on voters to make a generational shift and is appealing especially to independents who can join the GOP primary in New Hampshire. According to a CNN poll conducted by the University of New Hampshire before DeSantis dropped out, Haley trailed Trump by 13 points in a two-person race. But like the late Arizona senator, Haley might still have a South Carolina problem. Even Haley’s most vehement supporter, New Hampshire GOP Gov.

Persons: New Hampshire CNN —, Donald Trump, ” Trump, “, ” Nikki Haley’s, —, Joe Biden, Haley, ”, Dean Phillips, Ron DeSantis, Nancy Pelosi, Biden, Trump, South Carolina Sen, Tim Scott, Doug Burgum, Vivek Ramaswamy, Scott, Haley she’d, She’s, November’s, ” Haley, That’s, DeSantis, John McCain, George W, Bush, Chris Sununu, He’s, ” Sununu, CNN’s Anderson Cooper Organizations: New Hampshire CNN, White, New Hampshire, GOP, Republican Party, Trump, South, —, Democratic, Democratic National Committee, Minnesota, New Hampshire Voters, United Nations, Florida Gov, Tim Scott , North Dakota Gov, Manchester, Capitol, Republicans, CNN, University of New, Texas Gov, New, New Hampshire GOP Gov, Biden Locations: Salem, New Hampshire, New, Laconia, Granite State, South Carolina, America, Franklin , New Hampshire, — New Hampshire, —, Iowa, Florida, Tim Scott , North, Trump, North Dakota, Salem , New Hampshire, University of New Hampshire, Arizona

☆ Dollar struggles to retain gains even as March rate cut odds recede
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +3 min

Japan's yen was the notable mover in otherwise quiet trading, as it tiptoed away from Friday's one-month low of 148.80. San Francisco Federal Reserve Bank President Mary Daly on Friday said she believes the U.S. economy and monetary policy are in a "good place" and it is premature to think rate cuts are imminent. Short-term interest rate futures market show traders are betting interest rate cuts will start in May, with the probability of a March cut dropping below 50%, down from near 80% in the first weeks of January, according to CME Group data. "The USD holds a fair relationship with the evolving implied pricing for a March Fed cut, where rate cut probability falls the USD rallies, and vice versa," he wrote. Much of the gains have come from investor bets on Fed rate cuts.

Persons: dovish, Mary Daly, Chris Weston, Pepperstone Organizations: U.S, of Japan's, Federal Reserve, San Francisco Federal Reserve Bank, Group, NatWest Markets, European Central Bank, ECB Locations: Japan, Europe, U.S

☆ Opinion: The return to office fallacy
▼ + stars: | 2024-01-22 | by ( Opinion Peter Bergen | ) edition.cnn.com time to read: +5 min

And yet, some corporate titans are still pushing for their employees to return to their offices. Working parents, in particular, benefit from not having to waste time, money and flexibility commuting to an office. A 2023 Bankrate survey found that 74% of working women with children are in favor of remote work, while 64% of all working Americans support it. I am writing this column in Washington, DC, but work with editors in New York, London or Atlanta. So why do some bosses still feel it necessary to prolong the slow and necessary death of The Office?

Persons: Peter Bergen, CNN —, Banks, Goldman Sachs, Morgan, Jamie Dimon, ” Organizations: New, Arizona State University, Apple, Spotify, CNN, Peter Bergen CNN, titans, JPMorgan Chase, Meta, Pew Research Center, University of Chicago Locations: New America, ”, Brooklyn, Manhattan, Chicago, Mexico City, San Francisco, Washington ,, New York, London, Atlanta

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