Something unusual happened in financial markets Wednesday after Federal Reserve Chair Jerome Powell pushed back on a March interest-rate cut: Investors appear to be bracing for a “policy mistake” by the central bank. U.S. stocks sold off on Wednesday, with equity indexes hitting their lowest levels of the session after…

In 2023, we have seen global central banks struggle with inflation. Following interest rate hikes by central banks worldwide, global inflation has fallen from around 10% in the summer of 2022 to its current level of less than 5%. As a consequence of rising interest rates, higher asset return requirements…

(Reuters) -More than 350,000 homes and businesses were without electricity in California on Monday after a storm pounded the state with heavy rainfall and hurricane-force winds, initially knocking out power to more than one million customers, according to electric utilities and PowerOutage.us. The storm is the second so-called Pineapple Express…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose against most currencies on Thursday in choppy trading, bolstered by better-than-expected U.S. labor market data that dampened expectations of multiple interest rate cuts by the Federal Reserve this year. A crucial nonfarm payrolls report due on Friday could guide the outlook…

(Reuters) -Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea, impacting a shipping route vital to East-West trade. In response, some shipping companies have instructed vessels to instead sail around southern Africa, a slower and therefore more expensive route. The U.S. and Britain launched…

BEIJING — Chinese stocks will likely climb by at least 10% in coming days as authorities signal concerted support efforts, said Marko Papic, partner and chief strategist at Clocktower Group.Papic pointed in particular to Bloomberg’s report Tuesday that Chinese President Xi Jinping was to receive a briefing from financial regulators…

Former U.N. ambassador Nikki Haley lost Nevada’s Republican presidential primary to “none of these candidates,” NBC News projected.Haley was the only Republican candidate on the ballot Tuesday, but she was not the only choice on the ballot. Nevada voters also had the option of voting for “none of these candidates.”…

Chip giant Taiwan Semiconductor Manufacturing Company (TSMC) is upping its output in Japan as it continues to expand its global presence. The world’s largest chipmaker will build a second semiconductor fabrication plant, or fab, in the country in “response to rising customer demand,” TSMC said in a statement Tuesday. Japan…

Last updated: February 7, 2024 02:03 EST | 4 min read Bitcoin Price PredictionDuring the Asian session, Bitcoin‘s trajectory garners significant attention, with the asset flirting with the $43,000 mark. Recent developments, including BlackRock’s Bitcoin ETF climbing to the elite ranks of ETFs and MicroStrategy’s substantial acquisition, amplify the discourse…

In late January, I talked with Bill, a client whose job, along with his healthcare insurance, was eliminated and he needs Medicare by March 1. My first question was, “Are you enrolled in any part of Medicare?” He replied that Social Security enrolled him in Part A, hospital insurance, when…