The US stock market was rocked by hotter-than-expected inflation data Tuesday as financial markets brace for the possibility that the Federal Reserve may keep interest rates higher for longer than hoped. The S&P 500 Index is down 1.1% after core US consumer prices climbed by most in eight months. If that holds into the close, … Read more
The Consumer Matters Most for the Global Economy in 2024 Bloomberg Source link
Optimism in the markets faded as traders were left to contend with the prospect of a government shutdown and interest rates staying put at their highest in decades. US stock gauges and Treasury bonds notched their worst quarters since September, 2022, while the dollar logged its best as traders came to terms with the message … Read more
Good News: We Can Expect More Recessions in Future Bloomberg Source link
Deutsche Bank’s Trading Revenue Set to Drop for Third Quarter Bloomberg Source link
NatWest Group Plc got all the bad publicity last week after a political storm over its dealings with a provocative client led its chief executive officer to resign. But UK rival Barclays Plc was a bigger loser in the stock market and is still among the lowest valued major banks in Europe. Barclays’s second-quarter results … Read more