Tom Westbrook’s commentary on the global and European markets highlights a cautious atmosphere on Friday, primarily driven by anticipation of economic data and geopolitical tensions. With a fiscal policy briefing convened by China’s finance minister over the weekend, investors are grappling with heightened expectations for an economic stimulus package, which…...

The outlook for the U.S. economy is experiencing heightened scrutiny as investors closely watch retail spending patterns amidst rising odds of a “no landing” scenario. This term refers to a situation where robust economic growth simultaneously fuels inflation, hindering the Federal Reserve’s ability to implement interest rate cuts. Analysts from…...

The Bank of Korea (BOK) recently made a notable shift in its monetary policy by cutting the benchmark interest rate to 3.25%, a quarter-percentage-point reduction that was anticipated by most economists surveyed by Bloomberg. This decision comes in the context of easing inflationary pressures and emerging signs of a cooling…...

SEC Oversight of Cryptocurrency and XRP: A Complicated Landscape In recent discussions on FOX Business’s ‘Mornings with Maria,’ SEC Commissioner Mark Uyeda provided insights into the agency’s ongoing stance on cryptocurrencies, specifically targeting the controversial digital asset XRP. The discussion gained traction against the backdrop of a lawsuit filed by…...

Asian equities appear poised to disregard the recent losses experienced by US markets, driven by the latest data on core inflation and labor market conditions that have sparked speculation about a potential interest rate cut by the Federal Reserve. While US markets saw declines— the S&P 500 dropping 0.2% and…...

On October 10, 2024, the S&P 500 experienced a slight decline of 0.2%, coinciding with the release of inflation data that surpassed market expectations. The report indicated an unexpected increase in the Consumer Price Index (CPI) for September, largely influenced by rising grocery prices. This uptick in inflation not only…...

Tesla is on the verge of unveiling its long-anticipated robotaxi, an event that has mixed reactions from analysts and investors. While enthusiasts, often referred to as “bulls,” exhibit excitement about the potential of the robotaxi to invigorate Tesla’s market position, a significant number of analysts express skepticism. This skepticism is…...

In recent years, the used cooking oil generated from fish-and-chip shops in the U.K. has been seen as waste, but this perspective is shifting due to favorable market developments. As the world increasingly focuses on sustainability and reducing carbon emissions, waste cooking oils are gaining recognition for their value. A…...

Wells Fargo & Company (NYSE: WFC) is set to release its Q3 earnings on October 11, with analysts anticipating earnings of $1.28 per share, a decline from $1.48 per share in the same quarter last year. The San Francisco-based bank is projected to report revenues of approximately $20.41 billion for…...

Tempest Therapeutics Inc. (NASDAQ:TPST) saw its stock rise significantly on Thursday, owing to a notable increase in trading volume, exceeding 23 million shares. This surge is primarily linked to the company’s recent collaboration with Roche Holdings AG (OTC:RHHBY) aimed at advancing the clinical evaluation of amezalpat (TPST-1120). The agreement is…...

As U.S. stocks soar to new record highs amid a backdrop of geopolitical uncertainties, the financial markets are once again aligning their focus on the fluctuating horizon of U.S. interest rates in light of upcoming inflation data. With Hurricane Milton weakening over Florida and the ongoing tensions in the Middle…...