Tag Archives: Fed

TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ Do you like roller coasters? According to Deutsche Bank, we’re looking at some roller coaster volatility for the next few months, with near-term gains likely, followed by a Q2 retreat, and second-half gains. The firm expects share values to fall in the next three months, perhaps by as much as 5% to 10%, for several reasons laid out by the firm’s strategist Binky Chadha. “The more front-loaded the impact of the… Source link

(Bloomberg) — U.S. futures edged lower and Treasury yields extended gains ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid a budding recovery that risks stoking inflation. Contracts on the S&P 500 traded modestly down, while those on the Nasdaq dropped 0.8%. Fuel-cell firm Plug Power Inc. plunged more than 20% in pre-market trading after it disclosed accounting errors. The Stoxx Europe 600 Index fell, and South Korean stocks retreated… Source link

Stock futures opened slightly higher Tuesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve.  Earlier during the regular session, the S&P 500 and Dow each ended lower to retreat from record closing highs notched earlier this week. The S&P 500’s loss was its first in five days. The Nasdaq ended marginally higher as technology stocks outperformed. The CBOE Volatility Index, or VIX, fell to a pandemic-era low of 19.3, or the… Source link

Bloomberg China’s Yuan Becomes Latest Victim of Treasury-Led Selloff (Bloomberg) — The Chinese yuan erased all its gains against the dollar this year, the latest to fall prey to the Treasury-led global market selloff.The onshore yuan weakened as much as 0.5%, falling past the 6.5283 per dollar level it closed at last year. At its January peak, it was up 1.6% from 2020 as the economy rebounded and investors poured money into the Chinese bond market.Optimism over a global recovery from the… Source link

Federal Reserve Chairman Jerome Powell added more fuel to the fire for investors already spooked by the spectre of higher inflation and rising interest rates in the bond market. Speaking at the Wall Street Journal Jobs Summit, Powell said he expects the economic reopening to cause some inflation later this year, but that it would be temporary, and it was not enough to make the central bank hike interest rates. That was little consolation to investors, who pushed the Nasdaq (^IXIC) and S&P 500… Source link

Refinery29 Doctors Are Going Broke During The Pandemic. Why Is No One Talking About It? Heather Bartos, MD, OB/GYN, received no salary for most of last year. She was still working all week: delivering babies in nearby hospitals, performing routine exams, logging into telehealth appointments. But because she has her own private practice, soon after COVID-19 was declared a pandemic by the World Health Organization, she had to make a choice between reducing her employees’ work hours or going… Source link

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, spoke with Yahoo Finance to discuss challenges to the labor market and where Fed policy is headed next. Below is a transcript of his appearance on March 3, 2021. – BRIAN CHEUNG: Well thank you so much for joining us this afternoon, President Harker. I just want to start off the conversation with broadly speaking, how is the vaccine rollout going in your district? And what do you have as an updated economic outlook as we… Source link

Robert Kaplan, president of the Federal Reserve Bank of Dallas, spoke with Yahoo Finance to discuss the COVID-19 recovery and the future of Fed policy. Below is a transcript of his appearance on Feb. 12, 2021. — BRIAN CHEUNG: There’s no question that we’re not out of the woods yet on the economy, almost 10 million people still sidelined relative to pre-pandemic levels. There’s millions still turning to unemployment insurance, as we saw from the Department of Labor yesterday. So to chat… Source link

Bloomberg This Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came. (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, spoke with Yahoo Finance to discuss the COVID-19 recovery, economic inequality, and the future of Fed policy. Below is a transcript of his appearance on Feb. 4, 2021. – RAPHAEL BOSTIC: This is a very large was, logistical challenge and one that we really never tried to do before. So I think there’s been a lot of learning. I know here in Atlanta, the counties have really started to understand how to engage with the public, just to… Source link