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  • Aug 12, 2024

US consumer medium-term inflation expectations drop

The median three-year inflation expectation dropped to 2.3% from 2.9% in June to register its lowest reading since the New York Fed launched the monthly Survey of Consumer Expectations in 2013. Fed officials - who've been battling high inflation for more than two years - track a range of measures of inflation expectations because they worry that if they begin to drift substantially upward, consumers and businesses will alter their spending behaviors in ways that can make inflation harder to tame. Recent measures of inflation have shown it returning toward the Fed's 2% target, and the central bank is now widely expected to cut interest rates next month.

  • Aug 12, 2024

Oil rises for fifth straight session on Mideast tensions and US data

NEW YORK (Reuters) -Oil prices were up by more than $1 a barrel on Monday, rising for a fifth consecutive session on intensifying Middle East supply risks and fading fears of a possible U.S. recession. Brent crude futures were up $1.32, or 1.6%, at $80.98 a barrel by 1531 GMT. Iran and Hezbollah have vowed to retaliate for the assassinations of Hamas leader Ismail Haniyeh and Hezbollah military commander Fuad Shukr.

  • Aug 12, 2024

Stocks Edge Higher at Start of Week of Big Data: Markets Wrap

(Bloomberg) -- Global stocks posted modest gains as traders prepared for a week packed with US data that will shed light on the health of the world’s largest economy and the outlook for Federal Reserve interest rates. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-

  • Aug 12, 2024

Adnoc Gas Sees LNG Usage Rising as First-Timers Enter Market

(Bloomberg) -- Global liquefied natural gas demand is expected to increase further as more countries turn to imports for the first time, Adnoc Gas’ Chief Financial Officer Peter Van Driel said. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway R

  • Aug 12, 2024

S&P and Moody's downgrade JetBlue amid $3 billion debt raise

JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue. Additionally, JetBlue plans to raise $400 million through a convertible notes offering, primarily to refinance existing debt. S&P downgraded JetBlue's ratings from 'B' to 'B-', citing concerns about the airline's financial health.

  • Aug 12, 2024

Gold Advances to Highest in a Week Ahead of US Inflation Data

(Bloomberg) -- Gold rose ahead of key US economic data due later this week, with traders focused on whether the prints will reinforce bets the Federal Reserve will soon pivot to monetary easing.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway R

  • Aug 12, 2024

Small-Cap ETF Loses Billions as Great Stock Rotation Fizzles

(Bloomberg) -- What had been touted as Wall Street’s big rotation into smaller firms sputtered just as quickly as it started. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway Riders See ‘Exceptionally High’ Air PollutionThe same stocks that wer

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