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...The venture launches in a grim period for the news business, following lay-offs at start-ups such as BuzzFeed, Business Insider and Vice, which were once touted as the future of news media, as well as legacy...
...Some of the biggest losers in the S&P index included Nvidia, down 7.1 per cent today, and Facebook parent Meta, down 4.1 per cent....
...The Atlanta Fed’s GDP “nowcast”, a rolling forecast that incorporates new data releases, was updated on Monday following the retail sales report....
...Its 5.5 per cent weekly loss was its biggest since late 2022, and its fourth in a row, the longest run since the 4 final weeks of 2022....
...Significant portions of Argentina’s massive debt restructurings have played out in New York courts, for example....
...He wears the watch when travelling and uses the GMT hand to track the time at home in New York....
...Traders reduced expectations of June and July cuts, putting the odds of the latter at just 58 per cent, versus 98 per cent prior to the report....
...The yield on the two-year Treasury, which moves with interest rate expectations, was up 0.08 percentage points at 4.72 per cent in Friday afternoon trading in New York....
...of Thursday comments by Minneapolis Federal Reserve president Neel Kashkari....
...Those moves came as traders in the futures market reduced bets on three interest rate cuts this year and pushed forward expectations of when those cuts would start — from July to September....
...Thursday will be the last trading day of the quarter, ahead of which traders often rebalance portfolios....
...Thursday will therefore be the last trading day of the quarter, ahead of which traders often rebalance portfolios....
...The breezy state of affairs in markets persisted despite the fact that the beleaguered New York Community Bancorp had dropped more than 40 per cent earlier in the day, suggesting traders were not worried...
...Kate Duguid Will China’s services sector drag down markets?...
...US stocks and Treasury yields were slightly lower on Wednesday afternoon ahead of the release of crucial inflation data due on Thursday....
...Tapestry, owner of fashion brands Coach, Kate Spade and Stuart Weitzman, has agreed to buy Capri Holdings, home to luxury labels Versace, Jimmy Choo and Michael Kors, for about $8.5bn....
...Volatility remains low because those cuts have been forecast and would be an effort to fine-tune policy, rather than a disorderly unwind of monetary policy in the face of a crisis....
...Chipmaker Nvidia fell 4.4 per cent, its worst day in four months ahead of tomorrow’s earnings report, as traders bet that the company could fail to meet the market’s lofty expectations....
...The breezy state of affairs in markets persisted despite the fact that beleaguered New York Community Bancorp had dropped more than 40 per cent earlier in the day, suggesting traders were not worried about...
...His comments came as Atlanta Fed president Raphael Bostic told Yahoo News that if progress on inflation stalls and economic growth remains strong, it is possible the US central bank may not cut interest...
...Additional reporting by George Steer in New York...
...Kate Duguid Are UK wages still surging? Solid wage increases in the UK have left the Bank of England cautious about cutting interest rates....
...Kate Duguid Will Chinese business confidence begin to rise? Investors will be closely watching a Chinese business confidence survey for indications that depressed sentiment is beginning to lift....
...The two-year Treasury yield, which moves with expectations of interest rate policy, rose 0.06 percentage points on the day to 4.7 per cent....
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