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  • Feb 24, 2025

BOE’s Dhingra Says Gradual Rate Cuts Would Be a Drag on Economy

(Bloomberg) -- Bank of England policymaker Swati Dhingra has elaborated on her decision to call for interest rates to be slashed, saying taking a “gradual” approach would still leave monetary policy as a drag on the economy this year.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesA

  • Feb 24, 2025

Oil Edges Higher as Supply Questions, Peace Talks Cloud Outlook

(Bloomberg) -- Oil edged higher in a largely aimless session amid a slew of geopolitical uncertainties, including Russia-Ukraine peace talks and a possible increase in Iraqi crude production.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesAs Visitors Discover Ghent, the City Is Tryi

  • Feb 24, 2025

Lincoln Educational (LINC) Stock Trades Up, Here Is Why

Shares of education company Lincoln Educational (NASDAQ:LINC) jumped 12.6% in the afternoon session after the company reported impressive fourth-quarter results, with revenue and adjusted EBITDA surpassing analysts' expectations, while EPS came in below forecasts​. Sales grew 16.4% year on year, driven by a 13.7% increase in student enrollment and tuition hikes, alongside contributions from the newly opened East Point, Georgia campus​. Looking ahead, the company provided bullish full-year guidan

  • Feb 24, 2025

Fed expected to respond strongly to inflation, job market conditions, research shows

Investors and economists expect the U.S. central bank to respond "strongly and systematically"  to changes in inflation and the labor market, according to research published on Monday by the San Francisco Fed that underscores the current sensitivity of financial markets to U.S. economic data. The Fed's perceived responsiveness to economic data picked up notably in 2022, driven first by inflation data and, last year, by labor market data, based on the analysis of perceptions embedded in professional forecasts and in bond market moves published in the regional Fed bank's latest Economic Letter. The findings are in line with the Fed's actual response to inflation, which rose in 2021 but did not trigger any interest rate hikes until 2022.

  • Feb 24, 2025

Why Is Nike (NKE) Stock Rocketing Higher Today

Shares of athletic apparel brand Nike (NYSE:NKE) jumped 5.4% in the morning session after Jefferies analysts upgraded the stock's rating from Hold to Buy and raised the price target from $75 to $115. The analysts added "CEO Hill is tackling product and distribution issues head-on, positioning the brand to again outgrow the market and take back lost share. Survey work illustrates NKE's brand remains very strong, proving that issues were self inflicted and competitive threats less severe."

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