Powell Says Strong US Economy Means No Rush to Cut Rates
Good morning. Jerome Powell isn’t in a hurry to lower US interest rates. Rachel Reeves says that the UK’s crackdown on banks went too far. And shop for thrifty to expensive watches with Bloomberg Pursuits. Listen to the day’s top stories.
Federal Reserve Chair Jerome Powell said the US economy’s recent performance has been “remarkably good,” giving the Fed room to lower rates at a careful pace.
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Read MoreStock Market Today: Dow futures slip after worst week for S&P 500 in two months
How are stock-index futures trading:
Dow Jones Industrial Average futures fell 49 points, or 0.11%, to 43,519
S&P 500 futures increased 11.25 points, or 0.2%, to 5,908
Nasdaq 100 futures increased 143.75 points, or 0.7%, to 20,638
On Friday,
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Read MoreCFTC clears path for spot Bitcoin ETF options listing
A major regulatory milestone for Bitcoin ETF options was reached on November 16 when the Commodity Futures Trading Commission (CFTC) announced that it would no longer oversee the clearing process for …
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Read MorePhilippines Starts Interest Rate Swaps to Deepen Bond Market
The Philippines kicked off on Monday a new interest rate swap market to boost bond trading and liquidity as part of reforms to develop its capital market.
The move follows the International Swaps and Derivatives Association’s announcement on Friday, recognizing the Philippine overnight reference rate, on which the swaps will be anchored at the short end.
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Read MoreQuant Mutual Fund’s Big Adani Bet Turns Sour on Bribery Charges
Bullish wagers by one of Adani Enterprises Ltd.’s biggest backers are looking vulnerable, following its shares’ tumble caused by the US indictment of its chairman.
Quant Mutual Fund, an Indian asset management firm that bought nearly half of $500 million worth of Adani Enterprises’ shares sold in a placement in October,
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Read MoreThe Burst
Billionaires Are Loading Up on This Stock
When you look at search engine market share worldwide, no other comes close to Google (GOOGL)(GOOG). Over the past year, Google held a 92.% global market share, followed by Microsoft Bing with just 3.42%.
In spite of its dominance, Alphabet Inc., Google and YouTube’s parent company,
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Read MoreThe Ivy
Alert: 25.2% Upside Plus Insane Long-term Chart
Investment Alert: Buy Newmont Mining (NEM) Under $44/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Sometimes you look at a chart and just get giddy with excitement about the prospects of selling the tippity top or buying the absolute low.
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