Treasury Secretary nominee Besant faces the challenge of refinancing $6.7 trillion in maturing bonds in 2024—nearly a quarter of the $28 trillion in outstanding U.S. government debt. Economists previously criticized Yellen for increasing short-term debt issuance, compounding this issue. Bloomberg's Robert Burgess warned that this massive maturity burden could keep Besant awake at night. Trump’s fiscal polici...
US Futures Fall: US equity futures are down, with$S&P 500 Index (.SPX.US)$and$Nasdaq Composite Index (.IXIC.US)$slipping by 0.1%, following news that the Department of Justice (DOJ) is considering breaking up Alphabet’s$Alphabet-C (GOOG.US)$search engine as part of an antitrust crackdown. Alphabet Impact: Alphabet shares dropped 1.5% after the DOJ’s announcement, which could lead to a historic breakup of one of the world's larg...
US Jobs Report: The Labor Department releases the October nonfarm payrolls report on Friday, with expectations of 144,000 new jobs. This data will inform the Fed's rate-cutting strategy and could affect recession fears. Powell's Remarks: Fed Chair Jerome Powell speaks on Monday about the economic outlook. His comments may reflect the recent rate cuts and labor market trends, with insights from other Fed officials throughout the week. Q4 Market Kickoff: ...
U.S. August core CPI rose more than expected on a month-over-month basis, leading the market to believe that the Fed will not make a sharp rate cut next week. U.S. stocks initially dropped, with$Dow Jones Industrial Average (.DJI.US)$plunging over 740 points at one point and$NASDAQ 100 Index (.NDX.US)$falling as much as 1.6%. However, Nvidia's CEO Jensen Huang emphasized the overwhelming demand for AI chips, which drove$NVIDIA (NVDA.US)$'s stock higher, sparking a V-shaped reversal i...
On Monday, U.S. stocks and bonds were closed for Labor Day, while European stocks showed mixed results. The pan-European index halted its four-day winning streak, with German stocks rebounding to a record high, driven by a nearly 2% rise in the real estate sector.$CATHAY PAC AIR (00293.HK)$Cathay Pacific reported an issue with engine parts on its Airbus A350 planes, leading to a 6.5% drop in supplier Rolls-Royce shares, marking their biggest decline in over a year, while Airbus fel...
Darth Magnavox : Bababooy!