Stocks fall after Jerome Powell says Fed in no hurry to cut rates

Breadcrumb Trail Links Investor S&P 500 headed for its worst week in more than two months Author of the article: Bloomberg News Margaryta Kirakosian and Allegra Catelli Published Nov 15, 2024  •  Last updated 1 day ago  •  2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Federal Reserve Chair Jerome Powell speaks to the Dallas Regional Chamber on Thursday.

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Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS

Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024. Thomas Machowicz | Reuters Shares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services.  The stocks fell in the final hour of trading as reports emerged about Trump’s expected pick. Moderna‘s stock closed more than 5% lower on Thursday, shares of Novavax

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Stocks fall as rally pauses, yields climb on Trump policy worry By Reuters

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors weigh the impact of U.S. President-elect Donald Trump’s likely path of policies. Investors have flocked in to assets expected to benefit from Trump policies for his second term in office, after he pledged to impose high

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SIA shares fall 6% as profit nearly halves amid intensifying competition

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. As markets opened on Monday,

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Asia stocks fall as China stimulus disappoints, deflation persists By Investing.com

Investing.com– Most Asian stocks fell on Monday (NASDAQ:) as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend showed deflation in the country remained in play.  Regional markets brushed off a strong lead-in from Wall Street, which rose on Friday and remained at record highs amid persistent optimism over a Donald Trump presidency. U.S. stock index futures rose in Asian trade, with focus turning to upcoming inflation

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The rise and fall of China’s viral maths ‘prodigy’

Getty Images The maths contest results prompted a nationwide debate about China’s schools and academic pathways A 17-year-old girl in China hailed as a genius in a mathematics contest cheated, competition organisers have said – ending months of scepticism over her stellar results. Jiang Ping, a fashion design student from a rural town in Jiangsu province, made headlines in June when she came 12th in the qualifiers of an international

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Mortgage rates surge on Trump victory, housing stocks to fall

President-elect Donald Trump’s victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing. The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this year, though not quite the surge some had expected. “The expectation among bond traders coming

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