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Powell Says It's Likely To Take Longer To Achieve Confidence Inflation Is Slowing
Citing a "lack of progress" toward reaching the central bank's inflation goal, Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rates are likely to remain higher for longer. Powell's remarks came during a moderated discussion with Bank of Canada Governor Tiff Macklem at the Washington Forum on the Canadian Economy.
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IMF Says Global Recovery Steady But Slow
The International Monetary Fund said on Tuesday that a resilient global economy is set for steady growth in the next two years as inflation returns to target gradually, but the growth will be uneven amid persistent risks. Global growth is set to remain at 3.2 percent this year and next, the same as in 2023, the IMF said in its latest World Economic Outlook.
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901 hari yang lalu
Swiss Market Ends Sharply Lower
The Switzerland market ended sharply lower on Tuesday, in line with markets across Europe, as persisting geopolitical tensions and uncertainty about interest rate trajectory weighed on sentiment.
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901 hari yang lalu
European Stocks Tumble As Geopolitical Tensions, Rate Uncertainty Weigh
European stocks closed lower on Tuesday as concerns about tensions in the Middle East, and continued uncertainty about possible timing of interest rate cuts by the Federal Reserve rendered the mood cautious and prompted investors to exit counters.
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901 hari yang lalu
Canadian Market Down In Negative Territory At Noon
Canadian stocks are down in negative territory around noon on Tuesday with somewhat hot inflation data weighing on sentiment. Uncertainty about early interest rate cuts by the Federal Reserve continues to weigh as well.
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U.S. Industrial Production Climbs 0.4% In March, In Line With Estimates
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February.
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901 hari yang lalu
U.S. Housing Starts Pull Back Sharply In March, Extending Recent Volatility
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by 14.7 percent to an annual rate of 1.321 million in March.
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901 hari yang lalu
Berita lainnya
Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users
Chinese internet company Baidu Inc.'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China's most popular ChatGPT-like chatbot, was released to the public in August last year. In December, the company had said that Ernie Bot's users reached over 100 million.
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U.S. Industrial Production Climbs In Line With Estimates In March
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March.
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901 hari yang lalu
UK Unemployment Rate Rises; Wage Growth Slows
The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics reported Tuesday. The rate was seen at 4.0 percent.
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Planet Fitness Appoints Colleen Keating As CEO
Planet Fitness, Inc. (PLNT) announced Tuesday that it has appointed Colleen Keating as the Company's Chief Executive Officer, effective June 10, 2024. At that time, Craig Benson will resign as Interim CEO but will continue to serve as a member of the Company's Board of Directors.
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901 hari yang lalu
U.S. Housing Starts Plunge Much More Than Expected In March
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March.
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901 hari yang lalu
Morgan Stanley Q1 Results Tops Estimates
Financial services firm Morgan Stanley reported Tuesday a profit for the first quarter that increased 15 percent from last year, driven by revenue growth across its operating segments and lower provisions for credit losses. Both earnings per share and quarterly revenues topped analysts' estimates.
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901 hari yang lalu
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