Tag: brokerswatch

The Biden administration on Tuesday said it’s working with shippers, truckers and air-freight companies in the event of a freight-rail strike that could begin later this week. The White House is “working with other modes of transportation…to see how they can step in and keep goods moving” if rail workers strike at the end of […]

Amazon.com Inc. AMZN, -6.18% said Tuesday it will invest more than $450 million in two new benefits and rate increases, to offer competitive compensation for delivery service partners (DSPs) and drivers. The benefits include a new academic program called Next Mile that provides up to $5,250 a year to DSP drivers for access to more […]

Twitter Inc. TWTR, +1.01% shareholders voted Tuesday to approve Tesla Inc. TSLA, -3.57% Chief Executive Elon Musk’s $44 billion bid to acquire the embattled company and take it private, pushing Twitter shares up nearly 2%. Musk, however, is attempting to back out of the deal with claims that Twitter underreported fake accounts, prompting Twitter to […]

Gold futures settled lower on Tuesday, pressured by strength in the U.S. dollar, which got a boost after data showed the consumer price index rose by 0.1% in August, contrary to a drop of 0.1% expected by economists polled by The Wall Street Journal. Excluding food and energy prices, the core rate of inflation rose […]

Inflation breakeven rates, which reflect market expectations of the inflation outlook, all jumped after the release of the August CPI data. The two-year breakeven rate rose to 2.43%, while the 5-year breakeven advanced to 2.60% and the 10-year rate was 2.44%, according to Bloomberg data. The jumps reflect the unexpected upside surprise of the August […]

Exchange-traded funds focused on bitcoin were sliding sharply around midday Tuesday in a broad stock-market slump sparked by an inflation reading for August that was hotter than forecast. The ProShares Bitcoin Strategy ETF BITO, -7.65% was down more than 7% around midday, while the VanEck Bitcoin Strategy ETF XBTF, -7.76% and Valkyrie Bitcoin Strategy ETF […]

U.S. stocks are taking a beating on Tuesday. And as the S&P 500 SPX, -2.97% appears headed for it worst daily drop in nearly a month, only six stocks on the broad-market gauge are trading in positive territory heading into midday in New York — while all 11 sectors were trading in the red. As […]

More Wall Street economists now see the Federal Reserve moving interest rates higher than they previously expected in the wake of the “ugly” August consumer price inflation data. Economists at TD Securities said they now expect the Fed to raise its benchmark rate by 75 basis points next week and in November, followed by a […]

Pimco economists Tiffany Wilding and Allison Boxer, joining their counterparts at Jefferies, said August’s consumer-price index report points in favor of a fed funds rate target that should end up higher than where many expected. They said they expect the Federal Reserve’s forecasts to be adjusted up to a 4.5% terminal fed funds rate next […]

Of the 65 components in the top 3 Dow Jones indexes, all were trading lower in the wake of disappointing consumer inflation data. The Dow Jones Industrial Average DJIA, -2.65%, which is down 730 points, or 2.3%, was seeing all 30 components lose ground, led by the 3.8% drop in Nike Inc.’s stock NKE, -4.60% […]