Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll
Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts, according to a majority of foreign exchange strategists surveyed by Reuters. After surging about 5% against a basket of major currencies by midyear, the greenback lost almost all its gains as interest rate futures started pricing in about 100 basis points of Fed easing this year, nearly double June's expectations. That was driven in part by July labor market data showing signs of a slowdown, bolstered by reassurance from Fed chair Jerome Powell in his latest speech at Jackson Hole hinting rate cuts were coming.
Wealthy investors make an unexpected move on stocks, bonds
Both stock and bond prices have risen this year.
Economic Growth is Cooling, But Jobs Market Remains Stable, Fed Report Shows
The Federal Reserve Beige Book said economic growth was slowing in some places, but that labor markets remained stable.
In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts
A whopping 70% of Trump-backed World Liberty Financial's WLFI tokens will be reserved for the project's insiders, according to a white paper draft obtained by CoinDesk. World Liberty Financial, the new crypto lending platform promoted by former U.S. President Donald Trump and his sons, advertises itself as a way of "putting the power of finance back in the hands of the people" and a solution to the "rigged" traditional finance system. CoinDesk has obtained a draft white paper for the project.
China’s Earnings Setback Sows Fresh Doubts About Stock Rebound
(Bloomberg) -- China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that has weighed on the world’s No. 2 economy.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEarnings per share for the MSCI China Index fell 4.5% from the year earlier in the second quarter, its worst in five quarters, ac
GE Vernova Stock Rises as Analysts Deliver Bullish Call Amid Surge in Power Demand
GE Vernova shares rose Wednesday as Jefferies analysts said the company is "uniquely positioned" to benefit from surging demand for power to operate projects like data centers.
Better Artificial Intelligence Stock: Nvidia vs. Intel
Things are in flux, but there's a clear winner in this matchup.