markets


Intel Shortlists Suitors For Chip Division Altera Amid Turnaround Efforts

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Goldman still has Intel as a "Sell." 


Powell Made A Big Mistake: Record Plunge In Job-Finding Rate Hints At Unemployment Surge, Looming Recession

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"The sharp decline in the job-finding rate could raise concerns that a more pronounced increase in unemployment is around the corner." - Goldman Sachs


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Just weeks before President Trump’s inauguration, California Governor Gavin Newsom (D) is declaring a State of Emergency in response to the bird flu

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It's Christmas (Market Chaos), All Over, Again

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Anyone remember 2018?


FOMC Post-Mortem: Goldman Sees Inflation 'Top Of Mind' But Bonds Offer Good Risk-Reward

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He hawked because he has 17 months left and doesn’t want to be remembered as Arthur Burns Part II...


McDonald's French Fry Supplier Warns Demand Sputtering, Sends Shares Crashing 

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"In terms of the broader operating environment, we expect challenging conditions to persist through the remainder of fiscal 2025 and into fiscal 2026." 


The Dangers Facing Stocks Are Now Well Known...

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The most synchronized global easing cycle yet seen will amplify risks in markets already showing signs of over-exuberance...


Jobless Claims Improve, Q3 GDP Revised Higher, But Another Manufacturing Survey Collapses

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...what will Powell do next?


Futures Rebound After Powell's Hawkish Pivot Plunge

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"What we have seen is a little cold water poured on what is otherwise a decent economy"


Global Conditions Portend A Catch-Down In America

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Has the US economy diverged from the global economy, or are a lot of economic canaries in coalmines keeling over and warning the US is soon to catch down?


Pound Slides After "Dovish Hold" By Bank of England

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3 rate-setters voted for a rate cut, more than the 1 expected by the market.


Peter Schiff: World's Central Banks Are Starting Inflation Again

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"If consumers were in the greatest shape ever, according to this Wall Street analyst, they would have voted for Kamala..."


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  • European stocks tumble post-FOMC, MU -15% pre-market weighing on chip peers in Europe; US futures attempting to recoup yesterday’s losses.
  • USD gives back some of yesterday's post-FOMC gains, JPY hit after BoJ Governor Ueda’s press conference.
  • US yield curve steepens, JGBs outperform post-Ueda, Gilts lag pre-BoE.
  • Crude lifts incrementally off Wednesday's lows, XAU fares better as the USD pauses for breath.
  • Looking ahead, US Jobless Claims, Philly Fed Index, NZ Trade Balanc

Illegal Fishing Is A Global Problem

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The state of illegal, unreported and unregulated fishing has worsened globally since 2021...


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The Fed cut rates by 25bps, as expected, to 4.25-4.5% in an 11-1 split, with Hammack voting to leave rates unchanged; the median dot plot for 2025 and 2026 FFR forecasts were lifted above expectations.

Deputy Mayor In Washington Has Car Stolen While In The Middle Of City Council Meeting

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"She went into the meeting at 5:30 p.m. Monday and came out an hour later and the car was gone."


Tanker Ships Are Now Being Fitted With Sails To Cut Carbon Footprints

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The appeal of sails may grow as shippers transition from oil to pricier, cleaner marine fuels...


Philly Tow Company Owner Sentenced For $8.2 Million Catalytic Converter Theft Ring

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TDI Towing was "likely involved in the buying and reselling of over 25,000 likely stolen catalytic converters"...


Michelob Ultra Surpasses Bud Light As Top Draft Beer, Data Shows

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Gee, we wonder why...


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US stocks saw considerable downside (SPX -2.95%, NDX -3.6%, DJIA -2.58%, RUT -4.4%) as did Treasuries, while the Dollar surged in the wake of a hawkish FOMC.

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Fed cuts by 25bps, Hammack dissents, Powell says decision was a "closer call"; Fed raises dot plots; UK CPI Headline CPI Y/Y in line, Services Y/Y slightly cooler; EIA crude draws less than expected; Atlanta Fed GDPNow (Q4) revised up; US Building Permits top expectations, Housing starts fall short; Honda and Nissan enter into merger talks.