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  • Nov 15, 2024

Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed

(Bloomberg) -- Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming Trump administration’s protectionist posture.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissions“The Fed is likely to look past the i

  • Nov 15, 2024

Samsung Stock Surges on $7.2B Buyback Plan

Samsung Electronics unveiled plans Friday to buy back 10 trillion won ($7.2 billion) of its shares over the next year, sending its stock soaring in South Korean trading.

  • Nov 15, 2024

Morning Bid: Fed draws veil over post-election easing

Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal Reserve is getting cagier about the extent of further policy easing. Fed boss Jerome Powell didn't give much away in a keenly-watched set-piece speech on Thursday, but made it clear that the central bank still sees a robust economy and has a lot of new information to take on board in deciding just how much further it should lower interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said at a Dallas Fed event.

  • Nov 15, 2024

Health Stocks Slide as Trump Picks Vaccine Skeptic Kennedy

(Bloomberg) -- Pharmaceutical stocks declined as President-elect Donald Trump said he’s tapping Robert F. Kennedy Jr. to run the Department of Health and Human Services, potentially elevating a prominent vaccine skeptic and broader industry critic to a top role on health policy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe

  • Nov 15, 2024

Treasuries Trim Weekly Loss With Focus on Data and Fed Speakers

(Bloomberg) -- Treasuries edged higher, paring their weekly decline as traders turned their focus from Donald Trump’s US election victory to the latest economic data prints and Federal Reserve speakers. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe yield on the 10-

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