Month: October 2021

New data show Fed’s inflation story still unresolved

WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, in a high-profile speech in August, outlined the arguments for why the current bout of high U.S. inflation will be “transitory,” and moderate on its own over time. New data released on Friday show the jury is still out, with the personal consumption expenditures price index rising […]
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IMF sees strong foundations for global recovery, big downside risks

WASHINGTON, Oct 27 (Reuters) – Extraordinary policy measures led by Group of 20 economies and COVID-19 vaccines are underpinning a global economic recovery, but new virus variants, inflation and supply-chain disruptions pose downside risks, the International Monetary Fund said. In a blog published Wednesday, ahead of Friday’s meeting of G20 finance and health ministers, Managing […]
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U.S. consumer confidence rebounds; spending plans rise strongly

WASHINGTON, Oct 26 (Reuters) – U.S. consumer confidence unexpectedly rose in October as concerns about high inflation were offset by improving labor market prospects, suggesting economic growth was picking up after a turbulent third quarter. The survey from the Conference Board on Tuesday showed consumers eager to buy a home and big-ticket items such as […]
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The Story of David Tepper, Billionaire Investor

Investments make many people the richest people in the world. Besides Warren Buffett, there is David Tepper who is also the founder and President of Appaloosa Management. Tepper is a hedge fund manager. He used to invest in ‘problem companies’. His unique investment strategy has put him and his company in a different league together. […]
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Asian shares steady, dollar weak as traders await earnings

HONG KONG, Oct 25 (Reuters) – Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies. HSBC and Facebook will both publish quarterly results on Monday, in Asian trading and late U.S. hours […]
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Stocks ease, yen gains as investors seek to avoid risk

NEW YORK (Reuters) -Global stock indexes were down slightly on Thursday as U.S. technology shares fell along with IBM, while risk-sensitive currencies including the Australian dollar weakened. The Japanese yen gained as investors sought safety, while oil prices fell sharply. U.S. Treasury yields rose as investors focused on when the Federal Reserve will raise interest […]
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