The Dow Jones Industrial Average sank deeper into the history books on Wednesday, with the index posting its 10th straight losing day as a disappointing rate outlook by the Federal Reserve rocked the stock […]
Author: Consultant
Fed cuts by a quarter point, indicates fewer reductions ahead
The Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022. “Today was a closer […]
U.S. crude and distillate stocks fall, gasoline inventories rise: EIA
U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending December 13, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 934,000 barrels […]
Calendar: Dec 16 – Dec 20
Monday December 16China industrial production, retail sales and fixed asset investmentJapan core machine orders and PMIEuro zone PMI and labour costs(8:15 a.m. ET) Canadian housing starts for November. Estimate is […]
Wholesale prices rose 0.4% in November, more than expected
The producer price index increased 0.4% for November, higher than the Dow Jones consensus estimate for 0.2%. However, excluding food and energy, core PPI increased 0.2%, meeting the forecast. First-time […]
Oil edges lower as IEA surplus forecast offsets rate cut optimism
Published Wed, Dec 11 20249:22 PM EST Updated 32 Min AgoOil prices fell slightly Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising […]
Imperial (IMO) provides 2025 corporate guidance outlook
Imperial provides 2025 corporate guidance outlook | Business Wiremperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2025. The company’s strategy remains focused […]
Calendar: DEc 9 – Dec 13
Monday December 9China CPI, PPI, aggregate yuan financing, new yuan loans, trade surplus and foreign reservesJapan real GDP and bank lending(10 a.m. ET) U.S. wholesale inventories for October.Earnings include: North […]
Trump says venture capitalist David Sacks will be AI and crypto ‘czar’
Tech investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar.” “David will focus on making America the clear global leader in […]