The U.S. Federal Reserve made a big interest rate cut to kick off its first easing cycle in four years. What does this mean for fixed income? Since the Fed started hiking rates four years ago, cash has poured into short-term money markets such as Treasury bills as they offered attractive yields with rising rates. … Read more
Pedestrians walk past food stalls and shops in the Myeongdong shopping district of Seoul on March 26, 2024. Anthony Wallace | AFP | Getty Images South Korea’s consumer inflation cooled more than forecast in September and below the central bank’s target for the first time since early 2021, amid growing expectations of an imminent policy easing. … Read more
A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets are set for a mixed open on Wednesday morning, following a poor start to the trading month on Wall Street that saw major indexes fall amid rising Middle … Read more
Walz’s claims about trips to China are under scrutiny Minnesota Gov. Tim Walz, the running mate of Vice President Kamala Harris, Democratic nominee for president, attends a rally to kick off their campaign at the Liacouras Center in Philadelphia, Pa., on Tuesday, August 6, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Walz’s … Read more
A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest broader impacts — so long as it doesn’t drag on for too long. Manufacturers of everything from trucks to toys to artificial Christmas trees face … Read more
Mark Rutte, the new secretary general of Nato, said he does not see any imminent threat of nuclear weapons being used by Russia despite “reckless and irresponsible” rhetoric by the Kremlin. Last week, President Vladimir Putin said Russia was considering changing its military doctrine to regard an attack from a non-nuclear state – such as … Read more
More than 100 people are to sue rap musician Sean ‘Diddy’ Combs for sexual assault, rape and sexual exploitation, a US lawyer has said. Texas-based lawyer Tony Buzbee said that some of the alleged victims include minors who were abused when they were as young as nine years old. “This is an important matter that … Read more
Missiles have been launched from Iran, towards Israel. Iranian state television carried a statement confirming that “dozens” of missiles were fired. The Israeli home front command sent text messages to people in certain areas of Israel, containing “life-saving instructions” directing them to protected areas. Israel’s Iron Dome intercepted some of the incoming missiles. Source link
EPA-EFE Major US ports will stay shut until pay demands are met, the union boss representing striking dockworkers has said. Harold Daggett, head of the International Longshoremen’s Association (ILA), made the vow on a picket line in New Jersey on Tuesday, as tens of thousands of dockworkers on the east and gulf coasts walked out … Read more
Join Fox News for access to this content Plus special access to select articles and other premium content with your account – free of charge. By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive. Please enter a valid … Read more