Economy & Central Bank News — page 6
Original FXMARE economy news briefs — central-bank decisions, inflation, jobs data and macro releases, newest first. 613 articles.
- Burry Exits Alibaba, Expands JD.com Position Amid Valuation Concerns
Michael Burry has closed his stake in Alibaba while establishing a significant holding in JD.com, a move attributed to valuation assessments that suggest Alibaba shares require a 50% decline to meet his criteria.
- Bessent Yield Intervention Draws Skepticism From Major Banks
Markets assess whether recent Treasury efforts to stabilize bond yields will bolster equities, following institutional skepticism toward the strategy.
- Boeing Engineers Union Rejects Contract, Authorizes Strike
Boeing's engineers union voted down a proposed labor deal and authorized a strike, adding pressure to key aircraft certification work, per Nasdaq and Investing.com.
- Bessent's Treasury Bond Intervention Undercuts Fed Chair Warsh, Reports Say
Treasury Secretary Scott Bessent has moved to intervene in bond markets to lower government debt costs, a step that MarketWatch reports erodes Fed Chair Kevin Warsh's rate-setting credibility
- Iran and U.S. rhetoric intensifies ahead of planned sanctions
As Washington gears up for anticipated sanctions, Tehran denounces extraterritorial sovereignty while officials on both sides exchange hostile signals
- Boeing engineers reject four-year contract, authorize strike
Boeing engineers and technical workers rejected the company's four-year offer and authorized potential strike action, according to CNBC and Investing.com reports.
- Citadel unwinds over 80% of risk tied to Situational Awareness portfolio, reports say
Two outlets report that Citadel has unwound more than 80% of the risk linked to its Situational Awareness portfolio, according to CNBC and Investing.com
- Japan PMI accelerates in August as manufacturing leads broad growth
Japan’s private-sector activity expanded in August, with both manufacturing and services contributing to faster overall growth, reinforcing market expectations around BoJ policy timing.
- Surging Long-Term Yields Echo Broader Rate Shift Across Markets
Reports describe a rise in long-dated U.S. Treasuries driven by multiple factors, with Treasury intervention noted and expectations of further government action to manage debt costs.
- Japan CPI in focus as Asia data calendar tightens ahead of BOJ policy meeting
Markets eye Japan's inflation readings and PMI data Friday as investors weigh BOJ policy prospects and broader Asia data flow.
- US Leading Economic Index for July rises 0.2%
The Conference Board’s Leading Economic Index for July rose modestly, turning the six-month growth rate positive after revisions to prior data, according to Nasdaq and ForexLive reports.
- Bessent plans larger long-dated Treasury buybacks, could exceed $4B
Treasury Secretary Scott Bessent is eyeing a substantial increase in long-dated Treasury buybacks, signaling a strategy to influence yields and signal fiscal discipline amid rising market sensitivity.
- Micron to invest $10 billion in Boise AI memory lab as part of broader Boise buildout
Micron to invest $10 billion in a Boise AI memory research facility, forming part of a larger Boise expansion that CNBC says is reshaping the city with jobs and growth while stressing housing and infrastructure
- Philly Fed manufacturing index rebounds in August
Philadelphia-area manufacturing activity expanded in August, with the Philly Fed business index showing a stronger reading than expected and key subcomponents turning higher, according to multiple outlets.
- US initial jobless claims at 206,000; continuing claims edge higher
Weekly U.S. jobless claims fell to 206,000, while continuing claims edged higher, underscoring mixed signals in the labor market according to Action Forex and ForexLive.
- Treasury debt buyback plan sparks cautious yield moves, with banks weighing the impact
Markets assess the Treasury's debt buyback plan as yields edge higher amid trader digestion, while strategists warn the move could introduce unexpected pressure on yields
- Global markets assess mixed data after Fed minutes and strong Japan exports
Markets weighed a raft of data from Australia, Japan and the U.S. as Fed minutes signaled rate risk while Japan posted stronger trade figures and Australia faced a marginal rise in unemployment
- U.S. stock futures rise as yields ease, Fed minutes in focus
Futures gain as Treasury yields ease ahead of Fed minutes, while a Treasury buyback program draws scrutiny over inflation and Fed independence
- Moderna-Merck cancer vaccine breakthrough fuels broader biopharma rally
Investing.com and MarketWatch report that a Moderna-Merck breakthrough on cancer vaccines spurs renewed investor interest in the biopharma sector amid an ongoing market-wide upswing.
- Fed minutes show growing support for rate hikes amid inflation uncertainty
Minutes from the Fed's July meeting indicate growing support for rate increases if inflation remains stubborn, with officials split on the inflation outlook, according to MarketWatch and CNBC.
- Board OKs $19.9 billion plan to overhaul Washington Dulles airport
The Washington area’s largest international gateway is moving ahead with an extensive overhaul, approved by its board, focusing on a major terminal reconstruction to be funded under a $19.9 billion plan with work slated to start in late 2027.
- Cantor opens Kalshi prediction markets to thousands of institutions
Cantor Fitzgerald is expanding access to Kalshi's prediction markets for its institutional clients, enabling thousands of institutions to participate and potentially execute large block trades in event contracts.
- Treasury doubles long-end buyback size to at least $4 billion per operation
The U.S. Treasury expanded its long-end debt buyback program, increasing the per-operation cap to at least $4 billion, a move reported by BabyPips and Investing.com that coincided with a fall in 30-year yields.
- Treasury expands liquidity-support buybacks for longer-dated notes, yields ease
The U.S. Treasury plans to scale up liquidity-support buyback operations for longer-dated Treasuries, effectively doubling the previous size, according to CNBC and ForexLive
- Treasury yields retreat as markets await FOMC minutes
Yields pull back from recent highs ahead of the Federal Reserve's upcoming minutes, with global currencies pausing ahead of the central bank’s message
- RBA hawkish warning intensifies as disinflation stalls
Markets digest a firmer RBA stance on inflation, with officials signaling rate hikes could resume if prices fail to improve, according to Action Forex and Investing.com.
- Pennsylvania tightens rules for AI data centers as governor signs order
Pennsylvania governor signs a directive imposing new restrictions on AI data centers to curb electricity costs for residents and increase local oversight.
- Hims & Hers CEO pushes back on FTC suit, says active disruptors
Hims & Hers CEO Andrew Dudum disputes an FTC lawsuit, telling CNBC the company operates as an innovator, with discussions framed around GLP-1 drugs and AI.
- American Airlines expands premium seating and revives seatback screens fleetwide
American Airlines plans to restore seatback entertainment and add premium seating across its fleet as it seeks to close the gap with peers
- Disney sues FCC over Trump license threats to ABC
Disney has filed suit against the FCC alleging political pressure over broadcast licenses for ABC, with reports citing early license reviews and challenges tied to the Trump administration