Fed’s Evans nervous about going too far, too fast with rate hikes

Chicago Federal Reserve President Charles Evans says he’s feeling apprehensive about the U.S. central bank raising interest rates too quickly in its quest to tackle runaway inflation. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Evans said he remains “cautiously optimistic” that the U.S. economy can avoid a recession — provided there are no further … Read more

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with … Read more

Treasuries stumble as markets digest Fed commentary and stocks slip

Treasurys fell across the board on Tuesday, with the yield on the 2-year and 10-year notes coming off recent highs, as markets took in economic commentary from Fed speakers and stocks continued to dip. The yield on the benchmark 10-year Treasury was down 2 basis points to 3.8516%. On Monday, it reached levels not seen … Read more

World stocks edge above Nov 2020 lows, sterling recovers some ground

Register now for FREE unlimited access to Reuters.com Register Dollar eases from 20-year highs reached Monday German 10-year bond yields hit near 11-year highs Oil rallies from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – World stocks picked up from 21-month lows on Tuesday and sterling rallied after hitting record lows versus the dollar … Read more

European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The U.K.’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

Stock futures rise more than 1% after S&P 500, Dow close at lowest levels since 2020

Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline. S&P 500 futures gained 1.42% and Nasdaq 100 futures rose 1.6%. Those tied to the Dow Jones Industrial Average advanced 379 points, or 1.27%. The move in futures comes after five straight days of losses for … Read more

Twitter to interview Elon Musk, known for combative testimony

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter Inc (TWTR.N)are expected to interview the Tesla Inc (TSLA.O) CEO about his abrupt decision in July to ditch his $44 billion deal for the social media … Read more

Why is the British pound tanking as the US dollar soars? | Business and Economy

As the British pound plummets in value, the US dollar is flying high. Against a tumultuous backdrop that includes the Ukraine war, soaring prices and China’s COVID lockdowns, sharp fluctuations of some of the world’s major currencies are injecting new uncertainty into the global economic outlook. Why is the British pound in freefall? On Monday, … Read more

New Cosmos whitepaper repurposes ATOM token and refines vision

Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token.  The new Cosmos whitepaper was released on Monday at the Cosmoverse conference in Medellin, Colombia. The upgrades outlined in the whitepaper are still technically in “proposal” … Read more

Analysts are bullish on Nvidia again after it unveils new products

Analysts are once again starting to get bullish on Nvidia , after the semiconductor giant lost favor amid geopolitical tensions and a slowdown in the chip sector. Citi and JPMorgan both said last week that solid demand in PC gaming, as well as cloud adoption in data centers, were set to be tailwinds for Nvidia. … Read more