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  • Jan 10, 2025

BofA bets on a potential Fed rate hike after jobs report, top Wall-St brokers revise forecasts

Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA Global Research forecasting a potential rate hike from the central bank. Data on Friday showed, Nonfarm payrolls increased by 256,000 jobs last month, the most since March, and data for October and November was revised to show 8,000 fewer jobs added than previously reported. Market participants see a 76.31% probability that the Fed will cut rates by 25 basis points in June, according to CME FedWatch tool.

  • Jan 10, 2025

What's Going On With COVID-19 Antibody Developer Invivyd Stock On Friday?

On Friday, Invivyd Inc. (NASDAQ:IVVD) announced that new in vitro neutralization data show continued neutralizing activity of Pemgarda (pemivibart) and pipeline candidate VYD2311 against dominant SARS-CoV-2 variant XEC. The stock is trading with a strong session volume of 12.3 million, compared to an average volume of 757.02k as per data from Benzinga Pro. As anticipated, the data are largely consistent with those previously reported for KP.3.1.1, based on the structural biology of pemivibart an

  • Jan 10, 2025

UK Markets Cap Dire Week With Yields Stuck Near Decade Highs

(Bloomberg) -- A hectic week for UK bond and currency traders came to an end with yields stuck near the highest levels in years and the pound at its weakest since late 2023.Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeGilts and sterling fell again on Friday after

  • Jan 10, 2025

Wall Street Economists Pare Back Fed Rate-Cut Views After Data

(Bloomberg) -- Economists at Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. pared back their forecasts for additional Federal Reserve interest-rate cuts in response to stronger-than-expected December US employment data released Friday.Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters D

  • Jan 10, 2025

Strong US job growth raises doubts about further Fed rate cuts

(Reuters) -The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the final month of 2024 and leaving Federal Reserve policymakers to puzzle over the need for more interest rate cuts in a strong economy. The unemployment rate, as reported in the Labor Department's monthly jobs report, ticked down to 4.1% from 4.2%. In another footnote on the Fed's confidence in further rate cuts and a further slowdown of inflation, consumers now expect prices over the coming year to increase 3.3%, a sharp jump from prior months, a separate University of Michigan sentiment survey showed.

  • Jan 10, 2025

Manhattan's top federal prosecutor Williams joins law firm Paul Weiss

Damian Williams, the former top federal prosecutor in Manhattan, will return to law firm Paul, Weiss, Rifkind, Wharton & Garrison as a partner in New York, the firm said on Friday. Williams was appointed U.S. Attorney for the Southern District of New York in 2021 by outgoing Democratic President Joe Biden. He announced in November that he would step down ahead of Republican President-elect Donald Trump's return to the White House.

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