General News

A recent survey by Strategas reveals that investors are largely anticipating the Federal Reserve to commence rate cuts in September, despite persistent hawkish sentiments. 

Weak U.S. economic data for April did not prompt Strategas clients to bring forward their expectations to June or July. 

Notably, the survey indicates that most of the firm's clients foresee only three rate cuts through May 2025, a significant shift from the January survey, where expectations... (continue reading...)

Grant’s Interest Rate Observer has named Hallador Energy (NASDAQ: HNRG) as a new bullish investment idea in its latest issue.

Grant’s sees the company as a unique AI play and believes there’s room for share price to run. HNRG has a market cap of 200M.

By Nupur Anand and Manya Saini

NEW YORK (Reuters) -Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting on Thursday that he would step down on Dec. 31.

The former CEO cited the "successful transition" of his successor Ted Pick into the top job at the start of this year.

The bank's stock fell nearly 1% in morning trading.

The former CEO spent 14 years at the helm and is... (continue reading...)

By Lucia Mutikani

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.

The second straight weekly decline in claims reported by the Labor Department on Thursday unwound most of the jump at the start of the month, which had lifted applications to a level last seen at the end of last August.... (continue reading...)

By Hari Kishan

BENGALURU (Reuters) - The global equity bull run is showing signs of fatigue, with most major stock indexes not expected to repeat last year's stellar performance, according to a Reuters poll of stock analysts who also said a near-term correction was unlikely.

With financial markets paring back 2024 rate cut expectations from major central banks and most stock indexes already trading close to lifetime highs, further gains... (continue reading...)