Analyst: CPI data may not have prompted the Federal Reserve to cut interest rates in September

The April inflation data released by the US on Wednesday cooled down more than expected, making US stock market traders seem increasingly convinced that the Federal Reserve may start cutting interest rates as early as September. However, some analysts are unsure about the prospects of cutting interest rates soon. The US Department of Labor Statistics (BLS) reported on Wednesday that the US Consumer Price Index (CPI) rose 0.3% month-on-month in April compared to March, slightly lower than the 0.4% increase estimated by the market. Weaker-than-expected CPI data drove the US stock market to a record high on Wednesday and sparked speculation about how long the Federal Reserve is preparing to start cutting interest rates. According to CME's US Federal Reserve Watch Tool

環球市場播報May 16 10:24 ET

Buffett's PacifiCorp now faces $30 billion fire claim

Pacific Power Company (PacifCorp), a subsidiary of Berkshire Hathaway Inc. (Berkshire Hathaway Inc.), is currently facing a $30 billion claim from victims of the 2020 Labor Day wildfires in Oregon, which has escalated the legal crackdown faced by the largest power grid operator in the western United States. Although the amount of compensation sought in an amended lawsuit filed on Monday is about 2.5 times the actual value of PPC, it is also much higher than the amount of compensation PPC may face based on claims that have been settled so far. Taiping

環球市場播報Apr 29 18:37 ET

Pacific (601099.SH): Net profit of 348.317 million yuan in the first quarter decreased by 76.61% year-on-year

On April 27, Ge Longhui (601099.SH) released its report for the first quarter of 2024, achieving operating income of 278 million yuan, a year-on-year decrease of 40.47%; net profit attributable to shareholders of listed companies of 348.317 million yuan, a year-on-year decrease of 76.61%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 336.786 million yuan, a year-on-year decrease of 77.47%; and basic earnings per share.

Gelonghui FinanceApr 26 22:38 ET

Bill Gross: Stick to value stocks and avoid tech stocks due to soaring US yields

On Thursday, after the release of some worrying US economic data, US Treasury bonds and stocks plummeted, and Bill Gross made some suggestions to investors: “Stick to value stocks and avoid tech stocks for the time being.” The former king of bonds wrote on social media platform X that if investors had to get involved in technology companies, they should buy Microsoft Corp. (Microsoft Corp.) shares. He also quoted Don McLean (Don McLean)'s hit 1971 song “American Pie” (American Pie). At the time of these recommendations, the standard

環球市場播報Apr 25 12:41 ET

IMF Asia Pacific Department answers Sina Finance: Asia plays an important role in global climate change challenges

On April 19, 2024, during the spring meeting between the International Monetary Fund and the World Bank, the IMF predicted that the Asia-Pacific region would grow by 4.5% in 2024, up 0.3 percentage points from the forecast in October last year. Asia's contribution to global growth is expected to reach around 60% during the same period. When asked about the IMF's specific measures in the region's transition to low-carbon and sustainable development, the IMF Asia Pacific Department responded to Sina Finance saying that Asia's role in the global climate change challenge is critical. “As the biggest engine of global growth, Asia not only has some of the most emitting countries in the world, but also

Sina FinanceApr 19 19:12 ET

Former Federal Reserve Vice Chairman Clarida Thinks This Year's Interest Rate Cut May Be Less Than Expected

Former Federal Reserve Vice Chairman Richard Clarida (Richard Clarida) said on Friday that stubbornly high inflation may prompt the Federal Reserve to take a more cautious stance on cutting interest rates this year. Clarida stepped down as vice chairman and board member of the Federal Reserve in January 2022. He is the third US Federal Reserve official to resign since 2021 due to an investment transaction scandal. When he submitted his resignation, US media reported that his investment deal might violate the principle of conflict of interest. Currently, Clarida is a global economic advisor to asset management giant Pacific Investment Management (Pimco). Clarida

環球市場播報Mar 22 11:40 ET