(Reuters) – Any doubts the Federal Reserve will go ahead with an interest-rate cut next week fell away on Friday after a government report showed U.S. employers added fewer workers in October than in any month since December 2020. The 12,000 increase in non-farm payrolls last month was far short of the 113,000 economists had …
Fed seen on course for rate cuts after weak jobs data Read More »
WASHINGTON (Reuters) – U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in September. A PMI reading below 50 indicates contraction in …
US manufacturing drops to 15-month low in October Read More »
The metric, a contrarian sentiment gauge that tracks sell-side strategists’ average recommended equity allocations, has now climbed to its highest level in over two and a half years, according to the bank. BofA reports that the SSI’s recent climb marks the largest 12-month increase since mid-2021, with equity sentiment rising 3.6 percentage points in the …
The yield on the 10-year U.S. Treasury continued its ascent on Monday after hitting a three-month high last week. The 10-year Treasury yield rose nearly 6 basis points to 4.286% to its highest level since July 2024. Meanwhile, the 2-year Treasury also added around 6 basis points to 4.153%. Yields move inversely to prices. One basis point equals 0.01%. …
Oct 28 (Reuters) – Wall Street rose on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 election, while sentiment also improved after energy supplies were not disrupted by weekend developments in the Middle East. Israel’s response over the weekend to an Iranian missile attack this …
Wall Street rises ahead of megacap earnings, presidential election Read More »
Oct 15 (Reuters) – UnitedHealth Group (UNH.N), provided a 2025 profit forecast below Wall Street estimates on Tuesday as it expects pressure across its government-supported health insurance businesses, and its shares fell 8%. The largest U.S. health insurer forecast a profit of as much as $30 per share. That upper end was below analysts’ estimates of $31.18 …
UnitedHealth forecasts 2025 profit below Street estimates, shares fall Read More »
Investing.com– U.S. stocks fell Tuesday as investors digested a series of quarterly corporate earnings, with the banking sector in the spotlight. At 11:55 ET (15:55 GMT), the Dow Jones Industrial Average fell 161 points, or 0.4%, while the S&P 500 index traded 27 points, or 0.5%, lower and the NASDAQ Composite fell 177 points, or 1%. Bank earnings in spotlight Investor focus was …
US stocks slide after deluge of quarterly corporate earnings Read More »
Bitcoin’s role as a payment system and alternative currency was the focus of a recent conversation between Roundtable anchor, Rob Nelson, and Ari Pine, Co-Head of Digital Exotics at BlockFills. The discussion explored bitcoin’s advantages over traditional finance (TradFi) and why people might consider moving into the cryptocurrency space. Pine highlighted bitcoin’s utility as a decentralized …
Why bitcoin could be more valuable when global financial volatility strikes Read More »
BNN Bloomberg One portfolio manager says Toronto Dominion Bank is still far away from being an attractive investment opportunity after the lender pleaded guilty to failing to prevent money laundering by criminals in the U.S. Bloomberg News reported Thursday that two of the bank’s U.S. units entered guilty pleas to charges before a U.S. federal judge …
TD a ‘ways off’ from being an attractive investment following charges: portfolio manager Read More »
U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve’s interest rate hike the previous day would not be enough to tame surging inflation.
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