U.S. Stocks Edge Lower as Consumer Confidence Sinks
Stocks ended modestly lower after a worrying monthly survey of consumer confidence was offset by a Federal Reserve official cautioning against hasty rate hikes.
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Fed's Williams Hints Next Rate Increase Can Wait
The remarks could reset expectations for the central bank's next move at a meeting four weeks away.
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U.S. Consumer Confidence Fell in September Amid Elevated Oil Prices, Inflation Worries, Conference Board Says
The research group said its consumer confidence index fell by 6.7 points to 81.9 following two prior months of softening.
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Treasury Yields Push To Fresh Highs
Yields have been rising on stronger-than-expected economic indicators released earlier this month, but on Tuesday the upward pressure remained despite lukewarm data.
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Fed's Barr: Surge of Investment and Related Demand from AI Buildout is Having Measurable Effect on Prices
Federal Reserve governor Michael Barr said further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion.
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Oil Prices Fall as Gulf Crude Exports Recover
Oil output from Saudi Arabia's East-West pipeline is coming through faster than expected.
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AI Will Create 4 Times as Many Jobs as It Destroys, New Research Shows
McKinsey Global Institute estimates 11 million American workers will need to find different jobs in the next decade, but another 41 million jobs will be added.
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Canada GDP Indicates Recovery After Stalling in July
Gross domestic product was unchanged from the month before in July, snapping three straight months of expansion that included upwardly revised growth of 0.4% in June.
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U.S. Home Price Growth Increases Again
The S&P Cotality Case-Shiller National Home Price Index, which measures home prices across the country, rose 1.9% in the 12 months through July, compared with a 1.6% increase in June.
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Eurozone Sentiment Slips as Businesses, Consumers Diverge
Businesses across the eurozone grew slightly more upbeat about their prospects in September, even as consumers became more gloomy.
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China Offers Subsidies on Some Residential Mortgages
China will offer subsidies on interest costs for eligible first-home mortgages as Beijing attempts to revive home sales and turn around the years-long slump in the property sector.
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HANetf Launches First Euro-Hedged Bitcoin Fund
While Bitcoin is a digital currency, it is typically priced in U.S. dollars, raising risk for investors seeking to diversify away from the greenback.
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Spanish Inflation Climbs to Three-And-a-Half Year High
Spanish inflation rose for an eighth month in a row in September, climbing to its highest point since February 2023.
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Japan Finance Minister Reaffirms U.S. Coordination on Yen Stability
Finance Minister Satsuki Katayama agreed in a recent call with U.S. Treasury Secretary Scott Bessent to strengthen cooperation in the currency market, saying that "reconfirming this stance at this time holds great significance."
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A Simple Way to Take Advantage of Higher Yields
2-year Treasury notes are attractively priced at the moment.
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