Major Wall Street firm picks stocks to buy when Fed cuts rates
The Wall Street consensus call is that the Federal Reserve will cut interest rates 0.25 percentage point next month.
Hawkish RBA Struggles to Win Over Market That Expects Easing
(Bloomberg) -- Australia’s central bank chief Michele Bullock is struggling to persuade money markets and economists with her hawkish message, in a sign that the Reserve Bank has work to do to win back credibility lost during the pandemic.Most Read from BloombergThe Serious Work That Free Play Can DoThe RBA this week used minutes of its August meeting to convey how seriously it considered raising interest rates before opting to keep them higher for longer. While the statement made it clear a cut
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Korean Stock Bulls Pin Hopes on Fed Rate Cuts for Revival
(Bloomberg) -- South Korean bulls are looking to the Federal Reserve’s interest-rate cuts to give the country’s stocks a bigger boost over emerging Asian peers.Most Read from BloombergThe Serious Work That Free Play Can DoMoney managers at Causeway Capital Management and M&G Investments are among those expecting the won to gain momentum as the Fed eases, attracting foreign inflows in a market heavily swayed by global investors. As risk sentiment improves along with lower interest rates, bulls ar
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Why GDS Holdings Stock Soared 17% Higher on Wednesday
The company notched a double beat with its latest set of quarterly figures.
Aug. 28 Could Be a Massive Day for Nvidia Stock. Is It a Buy Right Now?
Nvidia's stock has tended to pop after its quarterly earnings are announced.
BOJ’s Ueda Is Set to Face Intense Scrutiny After Market Chaos
(Bloomberg) -- Governor Kazuo Ueda will face intense market scrutiny Friday after the Bank of Japan’s rate hike and his clear hawkish signals contributed to a meltdown in global financial markets earlier this month. Most Read from BloombergThe Serious Work That Free Play Can DoUeda is scheduled to respond to questions from lawmakers in the lower house of parliament from 9:30 a.m., followed by another session in the upper house starting at 1 p.m. Each session is set to last two and a half hours.
Why Alibaba Stock Topped the Market Today
A rival will have to do without the presence of a powerful foreign investor.
