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2024-09-19 21:37:01

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#note1g2g…eajh

2024-09-19 21:36:50

Wall Street soars to record highs in a global market rally after Fed's interest rate cut
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Wall Street reached record highs on Sep 19, 2024, following the Federal Reserve's first interest rate cut in over four years. The S&P 500 rose 1.7%, surpassing its previous all-time high from July. The Dow Jones Industrial Average increased by 522 points (1.3%), and the Nasdaq composite surged 2.5%. Darden Restaurants led the S&P 500 with an 8.3% increase, while Nvidia rose 4%. The Fed's decision to cut rates was influenced by decreasing inflation and aims to maintain job market stability. Analysts predict further cuts, with expectations of a half-point reduction in 2024 and a full point in 2025. The current federal funds rate is between 4.75% and 5%. Global markets also rallied, with significant gains in Europe and Asia. Bitcoin rose above $63,000, reflecting the impact of lower interest rates on investment prices.
#WallStreet #FederalReserve #InterestRates #S&p500 #DowJones #Nasdaq #GlobalMarkets #Inflation #Bitcoin #DardenRestaurants
https://www.pbs.org/newshour/economy/wall-street-soars-to-record-highs-in-a-global-market-rally-after-feds-interest-rate-cut

2024-09-18 15:08:58

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#note14td…vk8w

2024-09-18 15:08:47

Wall Street ticks slightly higher ahead of presumed Fed interest rate cut
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Wall Street rose slightly on Sep 18, 2024, as markets anticipated the first Fed interest rate cut in over four years; S&P 500 and Dow Jones futures up less than 0.1%; current federal funds rate at 5.25%-5.50%; Fed raised rates 11 times since early 2022 to combat high inflation; analysts predict a half-point or quarter-point cut; Tupperware Brands fell 7.5% after filing for Chapter 11 bankruptcy; 23andMe shares dropped over 9% after board resignations; Microsoft partnered with Blackrock and MGX to raise $30 billion for data centers; Japan's trade deficit was 695 billion yen ($4.9 billion) in August; dollar slipped to 141.90 yen; U.S. crude oil down to $69.45 per barrel.
#WallStreet #FederalReserve #InterestRates #Tupperware #23andme #Microsoft #Japan #TradeDeficit #Economy #Bankruptcy
https://www.pbs.org/newshour/economy/wall-street-ticks-slightly-higher-of-presumed-fed-interest-rate-cut

2024-08-31 17:56:32

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#note1snj…cptt

2024-08-31 17:56:21

Japan aims to offset labor shortages with prospect of 4-day workweeks
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Japan is addressing labor shortages by promoting four-day workweeks; government support began in 2021, but only 8% of companies offer three or more days off; the Ministry of Health, Labor and Welfare launched a campaign for work style reform; only three companies have sought government advice on changes; Panasonic reports only 150 out of 63,000 eligible employees have opted for four-day schedules; Japan's working culture is characterized by long hours and conformity; 54 deaths from overwork (karoshi) reported annually; the working-age population is projected to decline to 45 million by 2065; companies like Fast Retailing and Mizuho Financial Group have adopted flexible schedules; critics argue four-day schedules may lead to increased workload; only 6% of Japanese workers feel engaged at work according to Gallup; NS Group offers 30 scheduling patterns to accommodate employee needs.
#Japan #LaborShortage #FourdayWorkweek #WorkCulture #GovernmentPolicy #EmployeeEngagement #WorklifeBalance #Karoshi #BusinessReform #FlexibleWork
https://www.pbs.org/newshour/world/japan-aims-to-offset-labor-shortages-with-prospect-of-4-day-workweeks

2024-08-29 22:22:20

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#note1n5v…dnk7

2024-08-29 22:22:08

U.S. economic growth revised up to solid 3 percent annual rate for second quarter of 2024
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U.S. economy grew at a 3 percent annual rate in Q2 2024; previous estimate was 2.8 percent; growth accelerated from 1.4 percent in Q1 2024; consumer spending rose 2.9 percent, up from 2.3 percent; business investment expanded at 7.5 percent, with equipment investment up 10.8 percent; inflation eased to 2.5 percent in Q2 from 3.4 percent in Q1; core PCE inflation at 2.7 percent, down from 3.2 percent; Fed raised interest rates 11 times in 2022-2023 to combat inflation; unemployment rate at 4.3 percent; Fed may cut rates in mid-September if inflation continues to cool.
#UsEconomy #Gdp #Inflation #ConsumerSpending #BusinessInvestment #FederalReserve #InterestRates #EconomicGrowth #2024 #Employment
https://www.pbs.org/newshour/economy/u-s-economic-growth-revised-up-to-solid-3-percent-annual-rate-for-second-quarter-of-2024

2024-08-29 21:41:19

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#note1n5v…dnk7

2024-08-29 21:41:07

2024-08-25 23:07:22

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#note17us…sd4c

2024-08-25 23:07:10

What to know about the effort by federal regulators to block a Kroger and Albertsons merger
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The proposed $24.6 billion merger between Kroger and Albertsons is facing opposition from the Federal Trade Commission (FTC), which argues it would reduce competition and raise grocery prices. A federal court in Portland, Oregon, will hear the case starting August 28, 2024, with a decision expected by September 13. Kroger operates 2,800 stores in 35 states, while Albertsons has 2,273 stores in 34 states, employing around 710,000 people combined. The FTC filed a complaint in February 2024, joined by attorneys general from nine states. Kroger and Albertsons plan to divest 579 overlapping stores to C&S Wholesale Grocers if the merger is approved. If the court grants a preliminary injunction, the merger could be delayed significantly, potentially leading to an appeal. Colorado and Washington have also filed separate lawsuits to block the merger in state courts.
#Kroger #Albertsons #Merger #Ftc #Antitrust #GroceryPrices #CourtCase #Divestiture #FoodIndustry #Regulation
https://www.pbs.org/newshour/economy/what-to-know-about-the-effort-by-federal-regulators-to-block-a-kroger-and-albertsons-merger

2024-08-21 21:48:50

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#note1jwc…56pq

2024-08-21 21:48:39

Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal
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Most Federal Reserve officials indicated a likely interest rate cut in September if inflation continues to decrease; Fed's July 30-31 meeting minutes show 'vast majority' support easing policy; current benchmark rate is 5.3%, held for over a year; Wall Street anticipates first rate cut in four years; inflation has dropped from 7.1% in 2022 to 2.5% now; Fed Chair Jerome Powell to speak at Jackson Hole symposium; political implications noted as rate cut approaches presidential election; July jobs report showed weaker hiring and rising unemployment at 4.3%; retail sales rose in July, indicating consumer spending remains strong.
#FederalReserve #InterestRates #Inflation #Economy #Politics #2024Election #JeromePowell #JobMarket #RetailSales #Dnc
https://www.pbs.org/newshour/economy/most-federal-reserve-officials-favor-rate-cut-in-september-if-inflation-cools-minutes-reveal

2024-08-15 19:26:00

Americans spent more at retailers in July despite higher prices
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Americans spent more at retailers in July, with retail sales jumping 1% from June to July, the biggest increase since January 2023. Auto dealers, electronics and appliance stores, and grocery stores all reported strong sales gains. The data reassures that the U.S. economy remains resilient despite higher prices and elevated interest rates. The prospect of a still-growing economy is likely to be promoted by Vice President Kamala Harris' presidential campaign, which is preparing to roll out policies to ban 'price gouging' on groceries. Other economic data released was mostly positive, including a report on first-time applications for unemployment benefits, which showed that businesses are mainly holding onto their workers and not increasing layoffs. Economists at Morgan Stanley have boosted their forecast for growth in the July-September quarter to a 2.3% annual rate. Adjusted for inflation, sales rose about 0.8% last month. Auto sales jumped 3.6%, the largest increase since January 2023. Sales at electronics and appliances stores surged 1.6%. Restaurant sales were up 0.3%. The latest data is consistent with an economy that is headed toward a 'soft landing,' with the Federal Reserve expected to begin cutting interest rates next month with a modest quarter-point reduction in its key rate. While Americans are still willing to spend, they are increasingly searching out bargains and shopping at lower-priced outlets like Walmart. Some economists worry that much of Americans' spending now is being fueled by the increased use of credit cards. However, cooling inflation may give households a needed boost. Consumer prices rose just 2.9% in July from a year earlier, the smallest year-over-year inflation figure since March 2021. Walmart reported strong sales in the three months that ended July 31 and hasn't seen any signs of weakness from the consumer. Other companies are also starting to offer lower prices to entice consumers, helping slow inflation.
#RetailSales #UsEconomy #ConsumerSpending #Inflation #InterestRates
https://www.pbs.org/newshour/economy/americans-spent-more-at-retailers-in-july-despite-higher-prices

2024-08-09 14:09:14

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#note16ge…vv72

2024-08-09 14:09:02

Wall Street unsteady as markets try to recoup losses from eventful week
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Early gains slipping away on Wall Street Friday; Futures for S&P 500 down 0.2%; Futures for Dow Jones Industrial Average down 0.1%; Nasdaq futures down 0.3%; Expedia reports Q2 sales and profit beating Wall Street's targets; Paramount reports streaming service's first profit and plans to cut 15% of workforce; European stocks modestly higher, potentially recouping losses from global market downturn; Nikkei 225 index closes 0.6% higher; Hang Seng in Hong Kong adds 1.2%; China's inflation higher than expected in July; S&P 500 jumps 2.3% on Thursday, Dow Jones rises 1.8%, Nasdaq climbs 2.9%; Treasury yields climb signaling calmer economy; S&P 500 still down nearly 10% from all-time high; Market swings look like positioning-driven crash rather than long-term downward market caused by recession; Energy trading sees gains in benchmark U.S. crude and Brent crude
#WallStreet #StockMarket #Economy #GlobalMarkets #S&p500 #DowJonesIndustrialAverage #Nasdaq #Expedia #Paramount #EuropeanStocks #Nikkei225 #HangSeng #ChinaInflation #TreasuryYields #CrudeOil
https://www.pbs.org/newshour/economy/wall-street-unsteady-as-markets-try-to-recoup-losses-from-eventful-week

2024-08-05 21:00:09

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#note189j…tv8t

2024-08-05 20:59:58

Dow drops 1000 points, worst fall since 2022, amid global rout
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Wall Street fell the most in nearly two years, with the S&P 500 falling 3% and the Dow Jones Industrial Average dropping more than 1,000 points, amid fears of a slowing U.S. economy. The global sell-off began last week, with Japan's Nikkei 225 plunging 12.4%, its worst day since the Black Monday crash of 1987. The sell-off was driven by disappointing reports on the U.S. economy, including a weaker-than-expected jobs report. Big Tech stocks, which have led the market to record highs, were hit the hardest. The Bank of Japan's decision to raise interest rates also contributed to the market decline. The threat of a recession could impact the upcoming U.S. elections.
#StockMarket #DowJones #S&p500 #GlobalSelloff #Economy #JobsReport #BigTechStocks #BankOfJapan #Recession #UsElections
https://www.pbs.org/newshour/economy/dow-drops-nearly-1000-points-and-japanese-stocks-suffer-worst-crash-since-1987-on-economy-fears

2024-07-25 14:31:48

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#note1m09…ca6p