News
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Trump tariffs to reduce US deficits by $1 trillion less than previous estimate, CBO says
WASHINGTON, Nov 20 (Reuters) - President Donald Trump's tariff increases on imports from foreign countries will reduce U.S. deficits by $3 trillion if they are maintained through 2035, the non-partisan Congressional Budget Office estimated on Thursday, instead of the $4 trill...Reuters
Fri, Nov 21
Japan factory activity down for fifth month in November, PMI shows
TOKYO, Nov 21 (Reuters) - Japan's manufacturing activity contracted for a fifth month in November, albeit at a slower pace than in the previous month due to a softer decline in output, a private-sector survey showed on Thursday.The S&P Global flash Japan Manufacturing Purchasing Managers'...Reuters
Fri, Nov 21
Stocks stuck on rollercoaster despite strong Nvidia earnings
NEW YORK/LONDON, Nov 20 (Reuters) - Nvidia's strong earnings report offered only a brief reprieve for stocks on Thursday, as doubts about the return on relentless artificial intelligence investment and lofty valuations on Wall Street had global markets on edge.
Reuters
Fri, Nov 21
Wall Street indexes end lower after sharp reversal, tech leads drop
NEW YORK, Nov 20 (Reuters) - Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.Reuters
Fri, Nov 21
Fed officials eye financial stability as they debate next rate move
Nov 20 (Reuters) - Concerns about financial market stability, including the potential for a sharp drop in asset prices, are emerging as a fresh theme for Federal Reserve officials as they debate when and even whether to cut interest rates further.Reuters
Fri, Nov 21
Gold tanks to $4,061 as blowout NFP and hawkish Fed spark mass exit from havens
Gold (XAU/USD) retreats on Thursday during the North American session following the release of the September US jobs report, which fared better than expected, crushing forecasts. At the time of writing, XAU/USD trades at $4,061, down 0.38%.
Fxstreet
Fri, Nov 21
'Stale' September jobs data is mixed news for a divided Fed
Nov 20 (Reuters) - The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an ambiguous picture for Federal Reserve officials mulling whether further interest rate cuts are needed to bolster the labor marReuters
Fri, Nov 21
Fed's Paulson says she is approaching December rate decision cautiously
Philadelphia Federal Reserve President Anna Paulson said that she is approaching December’s policy meeting “cautiously,” adding that the central bank must carefully balance slowing labour momentum against lingering inflation risks.Fxstreet
Fri, Nov 21
METALS-Copper slips on Chinese demand fears and a strong dollar
By Eric Onstad LONDON, Nov 20 (Reuters) - Copper prices edged down on Thursday, pressured by a strong dollar and concern over soft demand in top metals consumer China.Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.4% at $10,715 a metric ton by 1715 GMT, having register...Reuters
Thu, Nov 20
Walmart seen posting nearly 4% Q3 EPS growth in test of consumer resiliency
Shares of Walmart WMT.N off about 1% ahead of the company's results due before the bell on Thursday, as investors eye consumer healthRetail giant expected to post adj EPS of $0.60, or 3.6% higher than Q3 2024, on revenue of $177.43 bln vs $169.59 bln a year ago, according to LSEG dataCo missed E...Reuters
Thu, Nov 20
Greece's Piraeus port not for sale, China tells US
By Renee Maltezou ATHENS, Nov 20 (Reuters) - China's controlling stake in the Greek port of Piraeus, one of the largest in Europe, is not for sale, the Chinese embassy in Greece said, denouncing comments by newly appointed U.S. ambassador to Greece Kimberly Ann Guilfoyle. China's state-ru...Reuters
Thu, Nov 20
US House vote to repeal Senate January 6 provision bares fresh Republican rift
House repeal highlights Republican disunity over Senate provisionProvision allows senators to sue over phone record searchesSenate Majority Leader Thune defends provision as constitutional protectionBy David Morgan WASHINGTON, Nov 19 (Reuters) - The Republican-controlled U.S. House of RepresentatReuters
Thu, Nov 20
China October rare earth magnet exports fall for a second month, but US shipments surge
By Amy Lv and Lewis Jackson BEIJING, Nov 20 (Reuters) - China's rare earth magnet exports in October fell 5.2% from a month earlier, customs data showed on Thursday, down for a second month, but shipments to the United States surged to a nine-month high. Beijing announced earlier th...Reuters
Thu, Nov 20
Asia stocks cast off AI bubble jitters as Nvidia fuels tech comeback
South Korea, Taiwan stocks up over 3%Indonesia stocks hit record highThailand stocks up 1.5%By Roshan Thomas Nov 20 (Reuters) - Taiwan stocks bounced back and South Korean shares reclaimed the key 4,000 level on Thursday, after chip titan Nvidia's encouraging results eased worries about a lik...Reuters
Thu, Nov 20
The Final Dip? Bitcoin’s Days Under $90K May Be Over
Bitcoin slid below the $92,000 mark on Wednesday, trading at $91,500 at press time after a one-day drop of 5% that left the token down 17% in the last 30 days. Related Reading: With 42% Of XRP Holders Underwater, Analysts Say The Altcoin Could Crash Even Further Market players were rattled after a s...NewsBTC
Thu, Nov 20
