US dollar surges to new 34-year high vs yen after hotter-than-expected inflation data

Reuters | April 10, 2024

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose across the board on Wednesday, soaring against the Japanese yen to its highest since mid-1990, after U.S. inflation rose more than expected in March, pushing out the expected timing of a first rate cut to September from June. Market participants were also on the alert for […]

Airlines Struggle with Lack of Planes: Is There a Stock Play?

Reuters | April 9, 2024

By Rajesh Kumar Singh CHICAGO (Reuters) – The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. Air carriers are spending billions on repairs to keep flying older, less fuel-efficient jets, and paying a premium […]

U.S. Pending Home Sales Increase Moderately

Reuters | March 28, 2024

By Amina Niasse (Reuters) – Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a […]

JPMorgan bets on new wealth planning tool to draw investments

Reuters | March 27, 2024

By Tatiana Bautzer NEW YORK (Reuters) -JPMorgan Chase seeks to expand the reach of its wealth management business and bring in more investments by offering a new planning tool to its 54 million Chase retail customers. The Wealth Plan tool had about 10 million users active over the last three months, said Sam Palmer, the […]

Tesla shares gain as Musk offers US customers Full Self-Driving software trial

Reuters | March 26, 2024

By Akash Sriram and Hyunjoo Jin (Reuters) -Shares of Tesla rose about 4% on Tuesday after CEO Elon Musk said the electric carmaker will offer U.S. customers a free trial of its driver-assist technology for a month. Musk has long touted the Full Self-Driving (FSD) technology as a potential cash cow for the company, but […]

Federal Reserve expected to cut rates, lift Biden’s prospects

Reuters | March 25, 2024

By Jarrett Renshaw and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized – and potentially uncomfortable – […]

Senator Warren urges SEC to investigate Tesla over board independence

Reuters | March 21, 2024

(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to investigate whether Tesla violated regulations over board independence at public companies. “New evidence has emerged in recent months that deepen my concerns that Tesla’s board lacks independence from Mr. Musk, who uses his control over the board for […]

Dollar weakens after Fed meeting, yen strengthens

Reuters | March 20, 2024

By Herbert Lash NEW YORK (Reuters) -The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve held interest rates steady as expected and policymakers still projected three U.S. rate cuts this year even as inflation remains elevated. The Fed’s updated quarterly economic projections showed the personal consumption expenditures […]

Hedge funds shake up the euro zone’s $10 trillion government bond market

Reuters | March 19, 2024

By Yoruk Bahceli, Nell Mackenzie, Harry Robertson and Dhara Ranasinghe LONDON (Reuters) – Hedge funds are piling into  the euro zone’s $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats. The funds are buying a large share of government debt sales, providing a source of much-needed capital, […]

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