Author: Press Room
Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The US is urging Europe to step up pressure on China to stop providing Russia with weapons-related technology and machinery, including engines for cruise missiles, that Moscow is using in its war in Ukraine.People familiar with the situation said the US believed European pressure would be critical to convincing Beijing to stop exporting chips, sensors, missile engines and machine tools to help Russia make weapons.Senior US officials said China had been providing significant help to Russia and that Beijing believed it…
The Democratic National Committee has paid law firms that represented Joe Biden in the special counsel probe into his handling of classified documents, federal records show, even as the president’s aides have lambasted Donald Trump for directing donors’ money to help pay his mounting legal fees. The DNC has paid $1.05 million to the professional limited liability company for Biden’s personal attorney Bob Bauer since July, according to filings with the Federal Election Commission. Bauer has represented Biden in the probe by special counsel Robert Hur. The national party also paid nearly $905,000 to the firm Hemenway & Barnes since…
Salesforce, Inc. (NYSE:) President and CFO Amy Weaver recently executed significant transactions in the company’s stock, according to a new SEC filing. Weaver sold a total of 7,075 shares at a price of $309.32, resulting in a transaction value of approximately $2.19 million. In addition to the sale, Weaver also acquired shares through the exercise of options, with a total value of approximately $1.37 million. The prices paid for these shares ranged from $154.14 to $218.21. It should be noted that these transactions were carried out automatically under a Rule 10b5-1 trading plan, which was adopted on September 28, 2023.…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of weakness, suggesting the Federal Reserve could keep interest rates higher for longer or reduce the planned number of rate cuts this year. The , which tracks the U.S. currency against six major peers, was on pace to post a weekly gain of 0.7%, the largest since mid-January. The index was last flat at 103.43. Data on Friday showed a solid U.S. manufacturing sector, with output rebounding by…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation on Friday, as authorities continued to prioritise currency stability amid uncertainty over the timing of expected Federal Reserve interest rate cuts. The Fed’s historic monetary tightening has bolstered the dollar and pressured the yuan over the past few years. Cutting rates before a move by the Fed or other major central banks would widen yield differentials, potentially putting more pressure on the local currency. The People’s Bank of China (PBOC) said it was keeping the rate on 387 billion yuan…
Many people know how Federal Reserve policies influence the economy and investment markets, but they don’t realize how interest rate moves change the results of estate planning strategies. The Federal Reserve increased rates significantly in 2022 and 2023, and recently market rates spikes again. The significant increases in rates the last few years alter the advantages of different tax strategies. When interest rates rise, the payoffs of some strategies increase while other strategies lose some of their appeal. After a significant change in yields, review some strategies that you might have rejected a couple of years ago and consider stopping…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks tumbled on Friday as traders digested bank earnings and weighed inflation concerns. This follows a series of volatile trading sessions for the market, with the S & P 500 and the Dow on track for a weekly decline. The Nasdaq , after Thursday’s surge, was on the bubble. The 10-year Treasury yield edged lower Friday after a spike spurred a sell-off in equities earlier in the week. The Club is considering adding to…
Check out the companies making headlines in midday trading. JPMorgan — The bank fell 5% after disclosing that its net interest income level could fall short of Wall Street analysts’ expectations in 2024, despite beating both top- and bottom-line estimates in its last quarter. CEO Jamie Dimon also underscored the danger of inflationary pressures. Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analysts’ expectations for its first-quarter adjusted earnings and revenue. BlackRock — Shares of BlackRock fell nearly…
US stocks fell sharply Friday as Wall Street worried about escalating tension in the Middle East. The Dow fell 463 points, or 1.2%. The S&P 500 declined 1.5% and the Nasdaq Composite lost 1.7%. The US and Israel are on alert for a potential attack by Iran or its proxies, the White House said Friday after an Israeli strike in Damascus last week. Oil prices spiked on Friday on fears of intensifying regional tensions stoked by the war in Gaza. Brent crude futures, the international benchmark for oil, rose to $90.75 a barrel, retreating after touching its highest level since October. West…
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