Powell faces a mutiny on Wall Street if he doesn’t make a September rate cut
"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."
Month: August 2024
World’s billionaires see $134 billion wiped from their fortunes overnight in stock bloodbath
The Nasdaq 100 Index fell 2.4%, dragging down the net worth of all 10 of the richest people in the world by at least $1 billion.
Earnings call: Weir Group outlines performance and optimistic outlook
Weir Group (OTC:) PLC (WEIR.L) has reported its half-year results, showcasing resilience despite a slight...
Ukraine receives $3.9 billion grant from US, prime minister says
KYIV (Reuters) – Ukraine has received a $3.9 billion grant from the United States via...
Earnings call: Western Forest Products Posts Positive Q2 EBITDA Amid Challenges
Western Forest Products Inc. (WEF), a leading forest products company, reported a positive EBITDA of...
Earnings call: Acadian Timber reports strong Q2 backed by carbon credit sales
Acadian Timber Corp (ADN) has reported robust financial results for the second quarter of 2024,...
U.S. futures tumble as recession fears grip investors
(Reuters) – U.S. stock index futures tumbled on Monday, with those tied to the Nasdaq...
Bangladesh PM Hasina has resigned and left the country, media reports say
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of...
Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast
By Faith Hung and James Pomfret TAIPEI (Reuters) – Taiwan stocks ended down 8.4% on...
