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Search resuls for: "Lisa Cook"


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☆ What protests in China may mean for the economy
  + stars: | 2022-11-29 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN Business —Protests against China’s prolonged and restrictive Covid regulations spread across the country over the weekend. Oil plunged and hit 2022 lows on Monday, while shares of companies that rely on China for production felt the heat. Oil prices dropped sharply, with investors concerned that surging Covid cases and protests in China may sap demand from one of the world’s largest oil consumers. They don’t want to end their covid policy but they also want to ensure that the political unrest doesn’t grow. This week is chock full of important economic data releases, many of which will help guide the Fed’s next interest rate hike decision in December.
☆ The November jobs report and the Fed matter most to markets in the week ahead
  + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +8 min
November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.
☆ Stock futures rise after Wall Street suffers first decline in three sessions
  + stars: | 2022-11-14 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Stock futures were higher Monday evening after ending the day lower, snapping a two-day advance that started when a better-than-expected inflation report stoked hopes that the Federal Reserve would soon ease up on raising interest rates. S&P 500 futures and Nasdaq-100 futures gained 0.23% and 0.31%, respectively. Stocks whiplashed during the day Monday on comments from Federal Reserve leaders Lael Brainard and Chris Waller about rate hikes going forward. Markets will get more inflation information on Tuesday when the producer price index, a measure of wholesale inflation, is released. Investors will also study comments from Philadelphia Fed President Patrick Harker, Fed Governor Lisa Cook and Fed Vice Chair for Supervision Michael Barr.
☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
  + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +10 min
This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.
☆ Jeff Cook, guitarist and co-founder of the band Alabama, dead at 73
  + stars: | 2022-11-08 | by ( Dan Heching | ) edition.cnn.com   time to read: +1 min
CNN —Jeff Cook, one of the original members of the country band Alabama, has died, according to the group’s representative, Don Murry Grubbs. A guitarist and co-founder of Alabama, Cook also played fiddle and other musical instruments for the band. He is “credited for introducing the electric double neck guitar to country music,” the statement said. Over the course of his country music career as part of Alabama, Cook sold 80 million albums and charted 43 No. Cook, a native of Fort Payne, Alabama, is survived by his wife of 27 years Lisa Cook, his mother Betty and his brother David, among other family members.
☆ Fed's soothsayers see signs of an inflation downshift
  + stars: | 2022-10-27 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +7 min
The all-inclusive figure that forms the basis for the Fed's target is likely to come in around 6%. SUPPLY, DEMAND, COMPETITIONThere has been sharp rhetoric about high corporate profits driving inflation - and indeed businesses like auto dealers enjoyed large markups during the pandemic, when demand surged and supply was limited. Based on those and other metrics, shelter inflation already may be declining even if government data doesn't show it yet. While that may not be the source of inflation, Fed officials feel that more balance between labor demand and supply will help ease price increases. "This pattern supports our view that wage growth and price inflation will moderate without a recession," Briggs wrote.
☆ Tesla and Truss, 5% and 150
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +4 min
A Tesla model 3 car is seen in their showroom in Singapore October 22, 2021. read more The latest European tech sector earnings on Thursday were downbeat, too. Bank of England Deputy Governor Ben Broadbent said the BoE would respond to changes in Truss's tax and spending policies. read moreKey developments that should provide more direction to U.S. markets later on Thursday:* European Union summit in Brussels* U.S. Oct Philadelphia business index. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Morning Bid: Mystery Dance
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Sudden and sometimes unexplained stock rallies are often hallmarks of prolonged bear markets. U.S. stock futures have retraced a bit - but an hour is a long time in markets these days. read moreElsewhere, China's stocks surged ahead of the Communist Party Congress and amid an expected rise in domestic inflation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Friday's jobs report could be a case where good news isn't really good
  + stars: | 2022-10-06 | by ( Jeff Cox | ) www.cnbc.com   time to read: +7 min
Al Drago | Bloomberg | Getty ImagesInvestors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons. In normal times, strong job gains and rising wages would be considered a good thing. When they get bad news on the economy, that means the Fed is going to tighten less." In real terms, Swiber said that likely means no change until the economy is actually losing jobs. Next week's CPI reading is likely to be more consequential when it comes to any shift in Fed attitudes, she added.
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