Futures slip, central bankers, Nvidia hit by China curbs – what’s moving markets In the unpredictable world of finance, where fortunes can soar and plummet like a caffeinated squirrel, futures decided to play a game of limbo and slipped lower, defying the...
Morgan Stanley Reworks Fed Forecast, Capitalizing on Powell’s Testimony In a strategic move, Morgan Stanley’s Chief US economists have recalibrated their Fed forecast, seizing upon Chair Powell’s recent remarks during congressional testimony. The...
PacWest sells $3.5 billion loan portfolio to asset management firm Ares PacWest Bancorp, on a mission to turbocharge its liquidity, announced on Monday that it’s parting ways with a whopping $3.54 billion lender finance loan portfolio, shipping it off to Ares...
Dow futures lower; Fed speakers in focus Friday’s forecast brings a gloomy outlook to the stock market, leaving Wall Street with a potential losing week. Sentiment takes a hit as investors brace themselves for the dreaded possibility of more monetary tightening...
U.S. jobless claims hold steady at 20-month high, current account gap widens U.S. jobless claims stubbornly clung to a 20-month high. This prolonged elevation for the third consecutive week hints at a labor market that’s starting to soften, thanks to the Federal...
June 20, 2023 Crude Reality: Oil Prices Take a Dip as Markets Assess China’s Rate Cut and Gloomy Economic Outlook Oil prices decided to take a step back in the Asian trade arena, caught in a balancing act between China’s interest rate cut and a growing...
