Auto Industry Boosts Industrial Production, but Manufacturing Sector Remains Depressed
In a surprising turn, industrial production surged 0.8% in August, exceeding expectations of a 0.2% rise, primarily driven by...
U.S. interest rates
Investing Pro Likes Alibaba, Tencent, and Other Emerging Market Stocks
Lead: As the Federal Reserve prepares to cut interest rates, emerging markets are poised to benefit from a weaker...
Japan Intervenes to Support Weakening Yen
**Lead:** Japan intervenes to support the yen as it hits a multidecade low against the dollar, sparking a battle...
Gold Prices Hit All-Time High: Expect More Big Moves
Lead: The price of gold hits a new record high, surpassing $2,100 per troy ounce, driven by macroeconomic factors...
Gold Prices Reach Record High Amidst Expectations for U.S. Interest Rates
Lead: Gold prices hit a new record high, surpassing $2,100 per troy ounce, with further increases expected due to...
Japanese Bank Cuts Value of U.S. Office Loans Amid Adverse Market Conditions
Japanese bank Aozora has cut the value of its U.S. office loans by over 50% due to adverse conditions...
Warning Signs for U.S. Office Loans: New York Community Bancorp and Aozora Bank
In a surprising turn of events, New York Community Bancorp (NYCB) saw its stock plummet by 38% after reporting...
Inflation Shock: Wall Street on Guard for CPI Update
Inflation rates in the US are set to be updated on February 9th, and economists and Federal Reserve officials...
Alberto G. Musalem Named President of St. Louis Federal Reserve
Alberto G. Musalem has been named the new president of the St. Louis Federal Reserve, but he won't have...
Wall Street Divided on Fed Rate Cuts in 2024
In a divided opinion, senior Federal Reserve officials and Wall Street economists are at odds over the central bank's...