US stock futures dip after the Fed’s preferred inflation gauge, core PCE, rose 2.9% year over year — in line with estimates but still above the central bank’s 2% target. Fed Governor Christopher Waller backed a September rate cut and signaled more easing ahead. Fed Governor Lisa Cook faces a court hearing today as she fights President Trump’s attempt to oust ... Show More
Nov 21
Stocks rebound after wild swing, Bitcoin crashes, Warner Bros bids roll in
US stock futures are higher after one of the wildest sessions of the year, with the S&P 500 logging its most significant intraday reversal since the peak of tariff turmoil in 2018 — surging 1.4% early before plunging 1.6% by the close. New York Fed president John Williams helped ... Show More
19m 57s
Nov 20
Nvidia powers market rebound, jobs data surprises, Walmart beats big
US stocks push higher as Nvidia’s (NVDA) blowout earnings reset sentiment across global markets and help offset a surprisingly strong September jobs report. Nvidia topped expectations on revenue and profit, guided to $65 billion for the current quarter, and CEO Jensen Huang dismi ... Show More
46m 49s
Nov 19
Nvidia earnings test AI boom, Target cuts outlook, Summers quits OpenAI board
US stocks look to snap a four-day losing streak after the S&P 500 (^GSPC) logged its longest slide since August and is now on track for its worst November since 2008. All the major averages — including the Dow (^DJI), Nasdaq 100 (^NDX), Russell 2000 (^RUT), and Philadelphia Semic ... Show More
24m 42s
Aug 29
Fed independence in the spotlight as markets await key inflation gauge
Yesterday saw a flurry of economic data releases, accompanied by significant political developments. The US economy demonstrated stronger-than-expected resilience in the second quarter, expanding at a revised annualised rate of 3.3%, while recent labour market figures suggest a s ... Show More
16m 25s
Aug 26
Dollar Drops, Gold Rises as Trump Ousts Fed's Cook
The dollar dropped and gold gained after President Donald Trump removed Federal Reserve Governor Lisa Cook, raising concerns about the independence of the central bank. A gauge of the dollar retreated 0.3% as Cook will be removed from the position effective immediately, according ... Show More
19m 43s
Sep 8
JPMorgan Trading Desk Warns Fed Rate Cut Risks Tanking Stocks
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US stocks have been on a tear, setting more than 20 all-time highs this year, but the Federal Reserve’s next move threatens to curb investors’ zeal, JPMorgan Chase & Co.’s trading desk warns. “This current bull ... Show More
38m 44s
Oct 2021
Supply Chain Crunch Impact on Earnings, Intel Slumps, Snap Tumbles on "Apple Effect," the "Trump SPAC" Skyrockets -- and a New Record High for the S&P 500
Carl Quintanilla, Morgan Brennan and Mike Santoli focused on a barrage of earnings reports in which the supply chain crunch played a big role in quarterly results. Intel shares took a big hit after the chipmaker warned of lower profit margins and missed on quarterly revenue in wa ... Show More
43m 48s