Wall Street Today | Fed's Williams Says Longer-Run Inflation Expectations Stable
MACRO
Fed's Williams Says Longer-Run Inflation Expectations Stable
Federal Reserve Bank of New York President John Williams said longer-run inflation expectations remain stable despite the recent surge in prices, but there is greater uncertainty over the future path for price gains.
JPMorgan Strategist Says It's Time to Jump Back Into Stocks, Bonds
The bank's chief global strategist predicted that US equities will see an 8% long-term gain, given that prices have fallen so much. Kelly, speaking on Bloomberg Television Wednesday, also said bonds are attractive now, recommending a strong allocation to fixed income.
SECTORS
EU Plans to Outline Gas Price Controls at Meeting on Friday
The European Union's executive plans to advance talks on Friday on how to rein in an unprecedented energy crisis and outline a mechanism to contain soaring natural gas prices, a controversial issue that divides member states.
US Mortgage Rates Rise to 7.14%, Near Highest Level Since 2001
US mortgage rates resumed an upward trend last week toward a two-decade high, pointing to further weakness in housing demand. The contract rate on a 30-year fixed mortgage increased to 7.14% in the week ended Nov. 4, near the highest since 2001, according to Mortgage Bankers Association data released Wednesday.
COMPANY
Meta to Cut 11,000 Jobs; Zuckerberg Says 'I Got This Wrong'
$Meta Platforms(META.US$ Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant's history.
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Rivian Posts Narrower Quarterly Loss Than Wall Street Feared, Keeps Production Guidance Intact
$Rivian Automotive(RIVN.US$ stock rallied 6% in the extended session Wednesday after the electric-vehicle maker posted a narrower-than-expected quarterly loss and kept its 2022 production estimates intact despite saying supply-chain snags continue to be a concern.
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Roblox Stock Drops 21% for Second-worst Day Ever in the Face of Rising Costs, Strong Dollar
$Roblox(RBLX.US$ shares logged their second-worst day ever, shedding more than a fifth of their value Wednesday after the youth-centric virtual-world platform posted a greater loss than analysts expected, as currency headwinds affected international growth and personnel costs rose.
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Elon Musk Tries to Convince Wary Advertisers to Stay on Twitter
Elon Musk tried to convince advertisers to continue buying ads on $Twitter (Delisted)(TWTR.US$ during a nearly hourlong question-and-answer event hosted on the company's own live-audio Spaces platform, providing perhaps his most extensive public commentary to date on the future of Twitter as an ad-powered business.
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Disney Erases Almost All Its Pandemic Gains After Earnings Miss
$Disney(DIS.US$ shares fell the most September 2001, dragged down by disappointing advertising sales and costly streaming programming. Disney shares fell 13% on Wednesday to $86.75, the lowest closing price since March 2020. That's the biggest one-day drop since Sept. 17, 2001.
Source: Bloomberg, Dow Jones, CNBC
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KingNY-Life : If inflation remains high for a long time, it means that it is impossible to implement loose monetary policies for a long time, and there will be no market conditions in the stock market. These institutions encourage the public to take over, which is so bad
50 cent : Yeah, & inflation is transitory
♤方展博♤ : yes