Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates
A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin ...
Nasdaq retreats after crossing 20,000 threshold for first time
U.S. stocks opened mixed on Thursday, with the Dow initially trading slightly higher while the Nasdaq Composite and S&P 500 pulled back. Weakness in technology stocks following a disappointing ...
Treasury yields about flat after wholesale inflation, jobless claims data
U.S. Treasury yields were little changed Thursday morning, as investors weighed reports showing a surprise increase in initial jobless claims and a rise in wholesale inflation. The yield on the ...
Canada Building Permits Fell 3.1% in October -- Update
OTTAWA--Canadian building permits fell in October, following an 11.5% gain in the prior month. Even with the month-over-month drop, the total value of permits in October was the fourth-highest on ...
Traders may be more focused on jobless claims than PPI, says analyst
Equity futures pulled back after this morning's PPI and jobless data. Despite the fact that inflation came in a little hotter than expected, traders may be more focused on the jump in jobless claims ...
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There may not be enough justification for more 2025 rate cuts: Bellwether Wealth
The Federal Reserve is likely to proceed with a quarter-point rate cut next Wednesday despite a stronger-than-expected overall producer-price index, but what happens in 2025 could be up in the air, ...
Gold prices down 1% after PPI report
Gold prices also tumbled after Thursday's inflation report. Prices of futures contracts tied to the yellow metal were down 1.2% in recent trade at $2,725 an ounce. "Gold and silver prices are weaker ...
Canada's Household-Debt Burden Falls to Post-Pandemic Low
Meanwhile, a closely watched gauge of household debt fell in the third quarter to a new post-pandemic low. This is a sign that, overall, households appear to be managing higher costs for goods and ...
PPI surprise could weigh on stocks: portfolio manager
Thursday's inflation report came in slightly hotter than expected, which could heap additional pressure on stocks after the opening bell rings, according to one portfolio manager. "So post-CPI, ...
Lagarde says there was discussion of a 50 basis-point cut
At the Q&A session, European Central Bank President Christine Lagarde said there was a discussion of a 50 basis-point rate cut at the governing council meeting. She did highlight concern that services ...
Jobless claims jump to two-month high in a cautionary sign, but holidays may be to blame
Initial jobless claims rose by 17,000 to 242,000 in the week that ended Dec. 7, the Labor Department said Thursday. That’s ...
Tesla’s stock keeps rising toward another record as valuation tops $1.3 trillion
Tesla’s stock rises six-day win streak to its first record close in three years, providing a $235.5 billion boost to its ...