According to a survey released by the Federal Reserve Bank of New York on Monday, Americans’ outlook on the labor market turned more pessimistic in May, with job prospects for job seekers dropping to their lowest level this year. The survey also showed that consumers’ inflation expectations remained largely unchanged compared to a month earlier. […]
Blackstone has become the latest firm to restrict redemptions amid ongoing investor withdrawals, after investors attempted to redeem 10% of their shares in its flagship private credit fund. According to documents filed on Thursday, the $79 billion Blackstone Private Credit Fund (BCRED) informed shareholders that only 5% of shares would be allowed for redemption—marking a […]
U.S. President Donald Trump said the Federal Reserve’s decision to raise interest rates was wrong, as Kevin Warsh, whom he nominated to lead the Fed, is about to chair his first Federal Reserve policy meeting. Trump attempted to shift market sentiment during an interview on NBC’s “Meet the Press,” following a strong U.S. jobs report […]
San Francisco Federal Reserve Bank President Mary Daly said the current monetary policy environment is favorable, but there is too much uncertainty in the economic outlook to predict the direction of interest rates. “Regardless of how the economic situation evolves, we are prepared to respond,” Daly said Thursday at the Bloomberg Technology Conference in San […]
According to data from Japan’s Ministry of Finance, Japan spent a record $74 billion over the past month to support the yen’s exchange rate after it fell below 160 against the U.S. dollar. This marks the first time since 2024 that the Japanese government has intervened in the market. The ministry released data on Friday […]
Oxford Economics said that global food shortages caused by extreme weather will lead to higher price increases in the eurozone than in G7 economies. Economic advisors noted in a report that the “severe” impact of climate events on food prices could lead to an annual increase of 1.6 percentage points in food prices across countries […]
The renminbi rose to its highest level in nearly four years against a basket of trade partner currencies, highlighting the appeal of Chinese assets as regional safe havens amid the Iran conflict. Data shows that Bloomberg’s simulated real-time CFETS basket index rose to 101.41 on Tuesday, reaching its highest level since September 2022, marking the […]
The latest news from SpaceX reveals that the company disclosed in its S-1 filing on Wednesday that its founder and CEO, Musk, could receive over 1.3 billion shares if the rocket, artificial intelligence, and social media company reaches certain market valuation and operational milestones. According to the Bloomberg Billionaires Index, these two awards are granted […]
New Zealand’s Deputy Governor Karen Silke said the central bank has not yet seen signs of medium-term inflationary pressures, but if such pressures emerge, the bank is prepared to take proactive measures. “There are currently no signs that this will necessarily generate a strong second wave effect,” Silk said in an interview with Bloomberg on […]
SK Hynix’s market value has surpassed the $1 trillion mark, following a more than 900% surge in its stock price over the past year, reflecting investor confidence in its position as a leading advanced memory chip supplier in the artificial intelligence sector. SK Hynix, Nvidia Corp.’s largest high-bandwidth memory supplier, saw its stock surge 11% […]