Stocks climbed while bond yields sank as an unexpected slowdown in inflation bolstered bets the Federal Reserve’s aggressive hiking cycle is now over — and the next move will be a cut in mid-2024. More than 95% of the S&P 500 companies rose, with the gauge up about 2%. Tesla...
Bonus season on Wall Street is looking grim for bankers in an industry hobbled by rising interest rates, bank failures and a dealmaking slump. Next year will probably be no better. Merger advisers could see their payouts for 2023 slide as much as 25%, according to a report Tuesday from...
Global stocks and bonds edged higher ahead on speculation that a crucial U.S. inflation report will show that price pressures slowed last month, cementing the view that interest rates have peaked. Europe’s Stoxx 600 index added 0.2%, with mining stocks led by a 4% gain in Glencore Plc aft Learn more...
Global oil markets won’t be as tight as expected this quarter, as upward revisions to demand are outpaced by upgrades to supplies, the International Energy Agency said. The IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall during the...
Global investment houses are bracing for more failed trades as a result of plans to halve the time it takes to settle American stock transactions to just one day. Around 60% of asset managers fear a higher rate of settlement failures will be the consequence of regulations coming into force in May...
Nearly three dozen venture capital firms have signed a set of voluntary commitments, with feedback from the Biden administration, for how the many startups they back should develop artificial intelligence technology responsibly. Responsible Innovation Labs, a nonprofit coalition of investors and Learn more about reprints and licensing for this article.
by Kendra Pierre-Louis, Eric Roston and Zahra Hirji The floods, heat waves, storms and fires fed by global warming are getting worse across the US and will pose increasing danger to Americans unless greenhouse gas emissions are cut sharply and swiftly. The tools to do that are available today and are being adopted...
Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. The central bank will start cutting rates in June 2024, then again in September and every meeting...
The US fiscal position is on an “unsustainable trajectory” due to a lack of political will to resolve the crisis at a time when debt costs are soaring, former Federal Reserve Bank of New York President Bill Dudley said. “The situation is going to get worse because the government’s debt...
Morgan Stanley’s strategists see US stocks and bonds outperforming their emerging markets peers next year, according to a note to clients. “We expect US earnings growth to trough in early 2024 and rebound thereafter,” strategists including Serena Tang and Vishwanath Tirupattur wrote. US growth may stay strong relative to other...