Author: News Room

By Jamie McGeever ORLANDO, Florida (Reuters) – The Federal Reserve could be set to follow its historic interest rate-hiking campaign with another policy milestone – ending a tightening cycle with negative real rates. There are a few variables at play – not least incoming economic and inflation data – but it is not unreasonable to think the Fed’s most aggressive rate-hiking campaign in 40 years could end with the real policy rate still below zero. This is what interest rate futures markets are currently indicating. If it comes to pass, it will be the first time in at least 50…

By Ambar Warrick Investing.com — The Japanese yen led gains across Asian currencies on Tuesday, while the dollar retreated as traders grew less concerned over an imminent banking crisis and pivoted into more risk-driven assets. The surged 0.8% to 130.58 against the dollar, sharply reversing overnight losses. The currency, which usually acts as a safe haven, was also seen benefiting from some consolidation of overseas profits by Japanese firms ahead of the end of Japan’s financial year on Friday. An uptick in Japanese business-to-business services inflation also showed that underlying price pressures remained high in the country, which could invite…

By Barani Krishnan Investing.com – It seems to be a Monday of surprises — first an unexpected OPEC+ ; then weaker-than-anticipated and, now, a quicker-than-thought return to $2,000 for gold. on New York’s Comex settled the first trading day for April at $2,000.40 an ounce, up $14.20, or 0.8%, after a session high of $2,008. The , more closely followed than futures by some traders, fell short of $2,000 mark though, peaking at just above $1,990. “Hereon, sustainability above $1985 will strengthen the bullish momentum targeting $2,010 followed by $2,020-$2,040,” Sunil Kumar Dixit, chief technical strategist at SKCharting.com, said, referring…

© Reuters. FILE PHOTO: Southwest Airlines CEO Bob Jordan, who was then Executive Vice President and Chief Commercial Officer, testifies at the U.S. Capitol in Washington, D.C., U.S., May 2, 2017. REUTERS/Kevin Lamarque By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines (NYSE:) Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion. In February, the company said executive bonuses would be…

U.S. stocks were mostly lower Monday afternoon as investors returned from a three-day weekend to the start of a busy week for data and the first-quarter earnings season. How are stocks trading? The Dow Jones Industrial Average DJIA, +0.13% advanced 73 points, or 0.2%, to 33,558 after flipping between small gains and losses. The S&P 500 SPX, -0.13% was down 5 points, or 0.1%, at 4,100. The Nasdaq Composite COMP, -0.29% shed 40 points, or 0.3%, to trade at 12,048. What’s driving the markets? Stocks were mostly lower on Monday, with Apple Inc. AAPL, -1.89% leading the Dow industrial’s decliners…

I’m happily married to my wife of 20 years. I am by no means a financial expert, but I do know more than the average investor. I do, however, worry about my in-laws. Unfortunately, my father-in-law has serious dementia and will probably need care soon. I’ve asked my mother-in-law to let me review their finances. They have a person who has managed their money for many years, but they are overly trusting, and I have no idea what he invested in or how much he charges for management fees. I believe they’ve done reasonably OK so far. My mother-in-law has not…

Oil futures moved a bit higher on Thursday, but ended the holiday-shortened week with a strong gain after Saudi Arabia and its OPEC+ allies last weekend unexpectedly announced a round of production cuts. Most U.S. markets will be closed for the Good Friday holiday. Price action West Texas Intermediate crude for May delivery CL00, -0.84% CL.1, -0.84% CLK23, -0.84% edged up by 9 cents, or 0.1%, to settle at $80.70 a barrel on the New York Mercantile Exchange, pulling the U.S. benchmark up by nearly 6.7% for the week, according to Dow Jones Market Data. June Brent crude BRN00, -0.83%…

Tesla is executing on its Master Plan 3 faster than some might expect. Elon Musk’s electric-vehicle company is planning to build a new “megapack” factory in Shanghai to boost production of its batteries for utility-scale storage applications. “Our next Megafactory will be in Shanghai—capable of producing 10,000 Megapacks per year,” Tesla (ticker: TSLA) said in a tweet Sunday. Megapacks are batteries that utilities can use to store some electricity generated by renewable power assets such as wind turbines and solar arrays. Batteries can increase the reliability of renewable power generation assets, reducing the need to have generating capacity from coal…

Kari Lake – the unapologetic supporter of former President Donald Trump and vanquished candidate for Arizona governor – privately made a trip to National Republican Senatorial Committee headquarters in February where she discussed the prospects of shaking up the map and running for Senate. But Lake, who has faced blowback over pushing baseless accusations of election fraud, was given this suggestion from NRSC officials: Shift to more effective messaging and away from claims about a stolen election, according to sources familiar with the matter. The meeting, which was described as a positive one, focused on how Senate bids often turn…

Stocks slipped when US equity markets reopened from the long Easter weekend on Monday as investors weighed up the potential for more interest rate rises from the Federal Reserve.The S&P 500 was 0.3 per cent lower in early afternoon trading, recovering slightly after a sharper early decline. The tech-heavy Nasdaq Composite fell 0.6 per cent.Monday marked the first opportunity traders had to respond to data released on Friday showing the continued strength of the US labour market.The US economy added 236,000 new positions last month, fewer than in February but not enough of a slowdown to discourage the central bank…