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The Latest Breaking News from US Federal Reserve

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

The Independent UK

Why Are Bear Market Odds on the Rise?

The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that…

StockNews.com

Short-term strategy recommended

We expect the SET Index to be volatile in May given the upcoming general election, earnings reporting season and market reaction to the Federal Reserve meeting.

Bangkok Post

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US banks on edge after rate hike

Economists warn that two more US banks are on the verge of collapse after the Federal Reserve lifted its key interest rates by 0.25% this week, prompting stock prices of American lenders to drop sharply after the hike.

Bangkok Post

A Surge in Regional Banks and Strong Apple Earnings Boost Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.13%. Stock indexes Friday rallied sharply, with the Nasdaq 100...

Barchart

Stock Market Today: Apple Earnings, Bank Stocks Spark Relief Rally

The April jobs report creates uncertainty around the Fed's future policy plans, but it didn't stop the major indexes from soaring Friday.

Kiplinger

Dollar Fades Early Gains as Stocks Rally

The dollar index (DXY00 ) on Friday fell by -0.16%. The dollar on Friday gave up an early advance and posted moderate losses. A sharp rally in stocks Friday curbed liquidity demand for the dollar. Also, strength in GBP/USD Friday weighed on the dollar after the British pound rallied to...

Barchart

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How the Debt Ceiling Impacts Your Finances

If Congress doesn’t raise the debt ceiling soon, the U.S. could default, sending borrowing costs higher and possibly delaying Social Security payments.

Kiplinger

American worker productivity is declining at the fastest rate in 75 years—and it could see CEOs go to war against WFH

EY-Parthenon's Gregory Daco reveals what's going on with the American worker's worst slump of the post-World War II era. It's not all about remote work, he says.

Fortune

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Fortune

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Kiplinger

After Reaching a One-Year High, is Silver Ready for Explosive Gains?

Silver can be the most volatile precious metal as it attracts speculative and trend-following interest on the up and downside. Silver has long been gold’s sibling, and the yellow metal rose to a new record high this week. An explosive rally in silver could be on the immediate horizon.

Barchart

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

Stocks Jump as Bank Stock Rebound and Apple Soars

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. U.S. stocks this morning are moderately higher as an...

Barchart

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The Independent UK

Black unemployment at lowest level ever recorded as US adds 253,000 jobs

The numbers come as Joe Biden begins debt celing negotiations with House Republicans

StockNews.com

3 of the Worst Consumer Financial Services Stocks to Own in May

Despite the rising interest rates, the consumer financial services industry could remain under pressure due to the tighter lending standards and the chances of a recession later this year. Therefore, it could be wise to avoid fundamentally weak consumer financial services stocks Sunlight Financial (SUNL), Guardforce AI (GFAI), and Sentage…

The Guardian - US

US employers added 253,000 jobs in April showing jobs market remains robust

April broke downward trend in growth of labor market, which has been slowing over the last few months

The Independent UK

Stock market today: Asia mixed after Wall St sinks

Asian stock markets are mixed after Wall Street sank on worries about the health of U.S. banks that are under pressure from interest rate hikes

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news in one place.

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The Independent UK

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

WEKU

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

Kiplinger

What the Fed's Latest Move May Mean For Savings Accounts

On Wednesday, the Federal Reserve raised rates yet again. Here’s what you need to know about the Fed’s impact on savings rates.

Barchart

Crude Prices Slightly Lower on Global Energy Demand Concerns

June WTI crude oil (CLM23 ) on Thursday closed down -0.04 (-0.06%), and June RBOB gasoline (RBM23 ) closed up +0.38 (+0.16%). Crude oil and gasoline prices Thursday settled mixed, with crude falling to a 5-month low. A stronger dollar Thursday weighed on energy prices. Crude oil prices also fell...

The Guardian - UK

US banks are failing, and the authorities seem unlikely to intervene

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead

Fortune

Billionaire investing royalty is scared about more bank failures: ‘We are running out of time to fix this problem’

Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.

StockNews.com

The Top 2 Stocks to Buy and Hold for the Month of May

Although the Fed has hinted at a pause in interest rate hikes, tighter credit standards and elevated interest rates continue to fuel recession concerns. However, fundamentally strong stocks American Axle & Manufacturing Holdings (AXL) and CompX International (CIX) could be worth buying and holding. Keep reading.

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