Reddit planning to IPO in March - Reuters

Citi now expects first Federal Reserve interest rate cut in June

January 18, 2024 12:11 PM EST

Citi analyst Nathan Sheets said in a note Thursday that they now expect the Fed's first cut to occur in June, one month earlier than before.

Sheets, covering the global economic outlook and the firm's strategy, stated that Citi sees global growth this year slowing to a pace that is... More

S&P 500 ends near record high as AI optimism lifts chipmakers

January 18, 2024 6:13 AM EST

By Noel Randewich and Ankika Biswas

(Reuters) -U.S. stocks ended sharply up on Thursday, with the S&P 500 approaching record highs as AI optimism drove gains in Nvidia and other chipmakers.

U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared nearly 10% after the world's largest contract semiconductor maker projected 2024 revenue growth of more than 20% on booming demand for high-end chips used in artificial-intelligence applications.

Heavyweight chipmaker Nvidia rose 1.9% to a record high, and it was the most-traded company on Wall Street, with almost $28 billion worth of shares exchanged. Rival Advanced Micro Devices rose 1.6%... More

Global S&P Futures lower in premarket

January 18, 2024 5:11 AM EST

Global S&P Futures lower in premarket, Nikkei lower, DAX down 1%, WTI Crude oil recently at $73, natural gas up 2.5%, gold at $2012

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Majority of the twelve Federal Reserve Districts reported little or no change in economic activity - Beige Book

January 17, 2024 2:02 PM EST

National Summary

Overall Economic Activity

A majority of the twelve Federal Reserve Districts reported little or no change in economic activity since the prior Beige Book period. Of the four Districts that differed, three reported modest growth and one reported a moderate decline. Consumers delivered some seasonal relief over the holidays by meeting expectations in most Districts and by exceeding expectations in three Districts, including in New York, which noted strong holiday spending on apparel, toys, and sporting goods. In addition, seasonal demand lifted airfreight volume from ecommerce in Richmond and credit card lending in... More

Active ETFs: SPY QQQ IWM EEM HYG TLT FXI SQQQ XLF TQQQ GDX KWEB

January 17, 2024 1:58 PM EST

Active ETFs: SPY QQQ IWM EEM HYG TLT FXI SQQQ XLF TQQQ GDX KWEB

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Fed Swaps Trim Odds Of March Interest-rate Cut To About 50% - Bloomberg

January 17, 2024 11:54 AM EST

Fed Swaps Trim Odds Of March Interest-rate Cut To About 50% - Bloomberg

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NAHB Housing Market Index (Jan) 44 vs 39 Expected

January 17, 2024 10:00 AM EST

NAHB Housing Market Index (Jan) 44 vs 39 Expected

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Business Inventories (Nov) -0.1% vs -0.1% Expected

January 17, 2024 10:00 AM EST

Business Inventories (Nov) -0.1% vs -0.1% Expected

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Fed still seen starting rate cuts in March, traders bet

January 17, 2024 9:27 AM EST

(Reuters) - The Federal Reserve is still seen beginning interest rate cuts in March, though traders became a shade less confident on that start date and on the extent of further rate cuts this year after a U.S. government report Wednesday showed retail sales in December were stronger than expected.

The 0.6% increase in retail sales from the prior month, more than the 0.4% economists had... More