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...Powell acknowledged that the performance of the US economy had been “quite strong”, though he claimed the country’s hot labour market was “moving into better balance”, with wage growth now “moderating”....
...Trump has been quick to claim credit for stock markets’ recent strong performance, telling supporters that the market “goes crazy” every time he does well in polls....
...But Powell’s stern sounds yesterday could easily turn serene tomorrow....
...Despite Thursday’s so-so performance, the S&P will close out the quarter with its best start to the year since 2019, up about 10 per cent....
...The global economy — this matters a lot in terms of US companies’ performance and also the commodity picture....
...Inflation performance was similar, he added, but Europe is “just not having the kind of growth we’re having”....
...That has huge ramifications for the performance of riskier assets such as equities....
...The metric includes performance fees earned from asset sales....
...This week, Fed chair Jay Powell said the economic outlook had not “materially changed”....
...Fed chair Jay Powell last week left rates unchanged and signalled a preference to cut by three-quarters of a percentage point this year, pushing the Russell 2000 up by a percentage point more than the S&...
...And, as Unhedged has argued before, there are at least three good reasons to think that private equity performance is going to get worse in relative terms....
...BUY: Kitwave (KITW) Acquisitions and organic growth were behind the robust performance, writes Christopher Akers....
...Alto saxophonist Charlie Parker and trumpeter Dizzy Gillespie’s performance at Toronto’s Massey Hall has long held celebrated status in jazz....
...The chief financial officer of Diageo, the spirits group, has stepped down after a turbulent three years in the role including a profit warning and poor share price performance....
...Gold extended its gains despite Fed chair Jay Powell saying that the central bank’s job in bringing down inflation was “not yet done”....
...Of those who received an increase in their wages, around 80 per cent thought this was a result of their job performance or a mix of that and inflation....
...Thereafter, the FOMC will need to see a substantial softening in economic growth with continued improvement in inflation performance....
...Growth for the year as a whole was 3.1 per cent — the best performance of any major advanced economy....
...Investors expect four or five rate cuts in total this year, compared with Powell’s prediction of three....
...The specialist asset manager added $1.1bn to assets under management thanks to good investment performance in June. But net outflows of $2.9bn more than offset the gains....
...The region-wide Stoxx Europe 600 fell 0.2 per cent in early trade, pulled down by poor performance in energy stocks....
...It would be watching the company’s performance and “focusing on its continued success”, it said....
...Another crucial task is to improve performance at Disney’s studios, including Marvel and Pixar....
...Morgan Stanley first-quarter profits rose 14 per cent to $4.3bn, thanks to strong performances in trading and wealth management....
...The S&P 500 stock index gained 1.9 per cent for its best one-day performance since March, helped by strong earnings from the likes of Starbucks, which ended the day up 9.5 per cent....
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