Wall Street Today | Treasury Taps Retirement Funds to Avoid Breaching US Debt Limit
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Fed’s Brainard Favors High Rates for Some Time to Cool Inflation
“Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time to make sure inflation returns to 2% on a sustained basis,”Federal Reserve Vice Chair Lael Brainard said in prepared remarks Thursday for a University of Chicago Booth School of Business event. She didn’t explicitly state a preference for whether the Fed should downshift to a quarter-point rate hike at its next decision due Feb. 1, as traders expect.
Fed’s Williams Says There’s More Work to Do to Cool Inflation
“With inflation still high and indications of continued supply-demand imbalances, it is clear that monetary policy still has more work to do to bring inflation down to our 2% goal on a sustained basis,” Federal Reserve Bank of New York President John Williams said Thursday in prepared remarks for an event in New York with the Fixed Income Analysts Society, Inc. Williams did not specify in his remarks how high he expects rates will need to go to calm price gains, or what size move officials should take when they meet in two weeks.
Treasury Taps Retirement Funds to Avoid Breaching US Debt Limit
The department is altering investments in two government-run funds for retirees (CSRDF and PSRHBF), in a move that will give the Treasury scope to keep making federal payments while it’s unable to boost the overall level of debt.
Treasury Secretary Janet Yellen informed congressional leaders of both parties of the step in a letter on Thursday. She had already notified them of the plan last week, when she flagged that the debt limit would be hit Jan. 19.
COMPANY
Nordstrom Holiday Sales Decline as Shoppers Tighten Belts
$諾德斯特龍(JWN.US$ became the latest retailer to report declining holiday sales as consumers tightened their spending amid persistent economic challenges.
The department-store chain said Thursday that sales during the nine weeks that ended Dec. 31 declined 3.5% from a year earlier, leading the Seattle-based company to adjust its full-year forecast. Shares dropped 5.4% in after-hours trading.
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Reed Hastings to Step Down as Netflix Co-CEO, Stock Leaps as Subscriber Additions Beat Expectations
Netflix earnings miss on noncash charge, but subscriber additions hit 7.7 million and easily surpass expectations as founder moves to executive chairman and new co-CEO named.
$奈飛(NFLX.US$ added more subscribers than expected in the final quarter of 2022, sending shares higher in after-hours trading Thursday even as founder Reed Hastings prepared to step down from the chief executive role he has maintained since the company's inception. The company announced that Hastings would become executive chairman, while Chief Product Officer Greg Peters moves up to co-CEO, joining Ted Sarandos.
T-Mobile Says Hackers Gained Access to Data on 37 Million Customers
$T-Mobile US(TMUS.US$ disclosed in a securities filing Thursday that hackers gained access to personal data for 37 million of the wireless carrier's account holders. The company said the data accessed includes names, billing addresses, email, phone numbers, account numbers, birth dates, and plan features.
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Ark's Wood Remains Bullish on Tesla, Says Oil Stock Rally 'Defying Logic'
Star stock picker Cathie Wood of Ark Invest suggested the rally in energy stocks will soon end and reiterated her bullish view on $特斯拉(TSLA.US$ in a webinar on Thursday. "We are as bullish about Tesla as we have ever been," she said.
She thinks yet the rally energy stocks over the last six months despite the roughly 30% decline in the price of oil suggests that the market is now over-valuing value stocks. "The market is defying logic from our point of view," she said.
P&G Raised Prices 10%, and the Volume of Products Sold Fell More Than Expected
Earnings matched expectations and full-year sales outlook was raised, while estimate of inflation and foreign-exchange headwinds was trimmed to $3.7 billion
In the second quarter, $寶潔(PG.US$ raised prices even more it did than last quarter, which led to a deeper-than-anticipated drop in demand -- but the branded consumer goods giant is OK with that, as it still managed to keep pace with its peers. Investors didn't seem OK with the fiscal second-quarter results, however, as concerns over the drop in shipment volume appeared to overshadow the fact that earnings met expectations and the full-year sales outlook was raised.
Source: Bloomberg, Dow Jones, CNBC, Yahoo Finance
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powerful Hare_yqv : 我們的政府需要把他們的事情整理，真正思考我們，而不要把我們的錢當然。這很可笑。我們給予其他國家，並不幫助我們。
SpyderCall : 好好傳播好信息！
我錯過了美聯儲最後的幾個講話，所以這是有價值的東西。
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搞经济 抄底 加仓 : 經過多年的交易。您會意識到 60％ 的交易者出售，然後將使價格上漲
。價格下降時，更高 ％ 的人購買。完全是我的個人意見 