News
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Beyond Meat withdraws annual forecasts, targets Q2 sales below estimates
May 7 (Reuters) - Beyond Meat BYND.O on Wednesday withdrew its annual sales target and forecast current quarter net revenue below estimates, citing weak consumer demand due to macroeconomic volatility and high inflation in the U.S.The company now expects second-quarter net revenues in the range of $...Reuters
Wed, May 7
Doubleline Capital's Gundlach Says I Do Think The Fed Will Probably Cut Rates By Year End - CNBC Interview
May 7 (Reuters) - DOUBLELINE CAPITAL'S GUNDLACH SAYS AS THE ECONOMY WEAKENS, LONG TERM INTEREST RATES COULD VERY WELL BE GOING ABOVE - CNBC INTERVIEWDOUBLELINE CAPITAL'S GUNDLACH SAYS WE'RE IN A RISK-OFF MARKET ON INTERMEDIATE TERM BASIS- CNBC INTERVIEWDOUBLELINE CAPITAL'S GUNDLACH S...Reuters
Wed, May 7
Fed's Powell says he never seeks to meet with any president
By Michael S. DerbyNEW YORK, May 7 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that he never seeks to meet with any U.S. president and to the extent he has had such a meeting, it's because the elected leader sought the interaction. "I've never asked for a meeting...Reuters
Wed, May 7
Fed's Powell said rate cuts are possible if data supports that
By Michael S. DerbyNEW YORK, May 7 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday the outlook for monetary policy might bring lower short-term interest rates. The outlook "could include" rate cuts or holding steady on interest rates depending on what the economy does, Powe...Reuters
Wed, May 7
REFILE-Powell notes sour mood but says economy is still 'healthy'
By Michael S. DerbyNEW YORK, May 7 (Reuters) - Federal Reserve Chair Jerome Powell acknowledged on Wednesday uncertainty is affecting economic decisions while again affirming the economy is still in a good place. "It's still a healthy economy, albeit one that is shrouded in some very downbea...Reuters
Wed, May 7
Fed's Powell says can't be preemptive with rate policy right now
NEW YORK, May 7 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday uncertainty is such at this moment that the U.S. central bank cannot make policy shifts to address where the economy might be heading. "It's not a situation where we can be preemptive because we actually don...Reuters
Wed, May 7
TREASURIES-US yields extend fall after Fed flags inflation, unemployment risks
NEW YORK, May 7 (Reuters) - U.S. Treasury yields extended their fall on Wednesday after the Federal Reserve held interest rates steady, as expected, but noted the risk of higher inflation and unemployment has increased."Uncertainty about the economic outlook has increased further," the Feder...Reuters
Wed, May 7
US President Trump: No to pulling back on tariffs on China
United States (US) President Donald Trump hit newswires just ahead of the Federal Reserve's (Fed) upcoming rate call. The President's talking points hit the usual meandering pace, weaving in and out of a wide spread of topics.Fxstreet
Wed, May 7
Mexico central bank expects further rate cuts, governor says
By Emily Green May 7 (Reuters) - Mexican central bank governor Victoria Rodriguez expects further cuts to the benchmark interest rate if inflation holds steady as expected, she told Reuters."We foresee that the inflationary environment will allow us to continue with the cycle of cuts to the r...Reuters
Wed, May 7
REFILE-TREASURIES-US yield curve flattens on China trade talks; Fed in focus
US yield curve flattening driven by US-China trade talksFocus on Fed's Powell's comments post-meeting on tariffsUS rate futures price in Fed cut in JulyBy Gertrude Chavez-Dreyfuss NEW YORK, May 7 (Reuters) - The U.S. Treasury yield curve flattened on Wednesday, as yields on the long end w...Reuters
Wed, May 7
Mexico central bank has room to lower benchmark rate as economy slows, Heath says
By Ana Isabel Martinez and Aida Pelaez-Fernandez MEXICO CITY, May 7 (Reuters) - There is still room for Mexico's central bank to lower its benchmark interest rate as the country's economy slows, deputy governor Jonathan Heath said in a podcast with lender Banorte published on Wednesday.La...Reuters
Wed, May 7
US crude inventories decline, jet fuel demand jumps, EIA says
By Liz Hampton and Stephanie KellyDENVER, May 7 (Reuters) - U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories rose, stoking concerns among analysts of weak ...Reuters
Wed, May 7
Top 5 made in China cryptos to watch as Trump officials signal openness to trade negotiations
The United States (US) and China’s trade negotiations are likely to take place this week with news of key Trump administration officials visiting Switzerland for a meeting with Chinese officials.Fxstreet
Wed, May 7
