Popcorn buckets are pictured during the “Taylor Swift: The Eras Tour” concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023. Valerie Macon | AFP | Getty Images Move over Nicole Kidman. AMC has some new patron saints. In the final three months of 2023, AMC saw revenue increase by … Read more
Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates. The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the Dow Jones consensus estimates. The … Read more
Here are the most important news items that investors need to start their trading day: 1. The Fed vs. Nvidia The week ahead will tell whether the Federal Reserve can damper investor enthusiasm. A rally fueled in large part by blowout Nvidia earnings pushed the S&P 500, Dow Jones Industrial Average and Nasdaq all to … Read more
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The Bank of Japan and the Swiss National Bank have emerged … Read more
House Republican hardliners’ efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending cuts later this spring that may put pressure on the U.S. economy’s already fraught recovery. The first funding deadline is Friday at midnight when several government agencies including agriculture, veterans affairs and transportation, are due … Read more
U.S. Treasury yields slipped Tuesday after a large drop in durable goods orders raised some questions about the stability of the economy. The moves were muted as investors awaited a key inflation report later in the week. At 8:36 a.m. ET, the yield on the 10-year Treasury yield was down by more than 2 basis … Read more
OUAGADOUGOU, Burkina Faso – Jan. 20, 2023: A banner of Russian President Vladimir Putin is seen during a protest to support the Burkina Faso President Captain Ibrahim Traore and to demand the departure of France’s ambassador and military forces. OLYMPIA DE MAISMONT/AFP via Getty Images Russia’s military intelligence service is offering African governments a “regime … Read more
JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he doesn’t see systemic issues looming. Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets probably aren’t pricing in a strong … Read more
By Staff The Canadian Press Posted February 26, 2024 3:41 pm Updated February 26, 2024 3:46 pm 1 min read Descrease article font size Increase article font size Environmental groups and labour organizations are pleading with the federal government to end a political stalemate over its forthcoming sustainable jobs bill. The legislation is supposed to … Read more
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates â Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, … Read more
