Новости за 07.03.2023

Fed chairman sends rates to highest levels since 2000

Tuesday's top personal finance stories.

'Should I wait to get a house and stay in an apartment ... or should I move forward and get my first property now then refinance when interest rates decrease?

Shares of Vivid Seats Inc. SEAT soared 17.1% in afternoon trading Tuesday, after the online ticket marketplace beat fourth-quarter revenue expectations, and was upbeat about ‘repeat rates’ of customers. The stock initially sank as much as 5.8% at an all-time intraday low of $6.29, then rocketed 31.1% off that low to an intraday high of $8.25 before paring some gains. The company said net income of rose to $24.8 million from about $324,000, to beat the FactSet consensus of $18.1 million, while... Читать дальше...

Oklahoma's governor set a special vote for March 7 after a pot referendum was pulled off the November ballot.

Senate GOP leader Mitch McConnell also said it was 'a mistake' to broadcast footage provided by Speaker Kevin McCarthy misrepresenting the Jan. 6 Capitol attack

Crude-oil prices finished with a loss of more than 3% on Tuesday. Weaker-than-expected Chinese import data fueled uncertainty over energy demand, as Federal Reserve Chairman Jerome Powell’s testimony to the Senate Banking Committee left the door open for more aggressive interest-rate hikes. April West Texas Intermediate crude CLJ23 fell $2.88, or 3.6%, to settle at $77.58 a barrel on the New York Mercantile Exchange.

Gigi Sohn, President Joe Biden’s nominee to run the Federal Communications Commission, has withdrawn from consideration, the White House confirmed Tuesday. Sohn, a former Democratic FCC official, had earlier said in a statement reported by the Washington Post that her decision followed “unrelenting, dishonest and cruel attacks” seeded by cable and media industry lobbyists.  

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Gold futures settled sharply lower on Tuesday, at their lowest in more than a week. Federal Reserve Chairman Jerome Powell’s testimony to the Senate Banking Committee raised the possibility for a more aggressive pace of interest-rate hikes, strengthening the U.S. dollar and pressuring dollar-denominated gold prices. Powell’s testimony “proves that the Fed’s kryptonite can still sap gold’s power,” said Adrian Ash, director research at BullionVault. Gold for April delivery GCJ23 fell $34.60, or 1.9%... Читать дальше...

The Energy Information Administration lowered its 2023 forecasts for U.S. natural-gas and West Texas Intermediate and Brent oil prices, according to the monthly Short-Term Energy Outlook report released Tuesday. U.S. natural-gas prices will likely average $3.02 per million British thermal units this year, down 11.2% from the February forecast.  The EIA said Brent oil is expected to average $82.95 a gallon this year – down 0.8% from last month’s forecast. It also lowered its 2023 WTI price forecast... Читать дальше...

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Stocks are still 'the best game in town' to beat inflation, Burton Malkiel says

Howard Schultz, the chief executive of Starbucks Corp. SBUX agreed to testify to the Senate Health, Education, Labor and Pensions Committee on March 29, the panel’s chairman, Sen. Bernie Sanders, said Tuesday. Sanders, a Vermont independent, said his panel was scheduled to vote to subpoena Schultz on Wednesday. Sanders in a statement said that Starbucks, under Schultz’s leadership, has done “everything possible” to prevent unions from organizing. Starbucks said in a statement that Schultz’s testimony... Читать дальше...

Living outside of the U.S. presents new challenges for managing your money. If you have a financial adviser, talk before you go.

Artificial intelligence is going to replace all but the consistently best stock-picking pros, writes Mark Hulbert.

'Use of contaminated eye drops can result in the risk of eye infections that could result in blindness,' the makers of Purely Soothing eye drops said

Dow down 400 points as investors fret over Fed inclination to push rates higher

A White House spokesman said the U.S. would “work closely with the Mexican government to ensure that justice is done in this case,” following news of the death of two of four Americans abducted in the northern Mexican border city of Matamoros. American officials are still working with Mexican officials to learn more about the case, and the U.S. offers its “deepest condolences” to the family and friends of those killed, said the spokesman, John Kirby, the National Security Council’s coordinator for strategic communications... Читать дальше...

The Justice Department on Tuesday sued to block the merger of JetBlue Airways Corp. and Spirit Airlines Inc.

There is no mystery about why Social Security is in trouble.

JetBlue-Spirit merger would drive up airfares, says Atty. Gen. Merrick Garland

The U.S.-listed shares of BlackBerry Ltd. BBCA:BB took a 13.1% beating in midday trading Tuesday, after the Ontario-based security software company said it would take a large impairment charge and provided revenue guidance that below Wall Street projections. The stock was headed for the worst one-day performance since it plunged 21.1% on Feb. 2, 2021. The company said late Monday that its fiscal fourth-quarter results would include a goodwill impairment charge of up to $440 million for its Spark business. Читать дальше...

Corrected: U.S. government sues to block JetBlue-Spirit merger

The ICE U.S. Dollar Index jumped 0.8% to 105.22 and headed for one of its highest levels since January during the first day of Congressional testimony by Federal Reserve Chairman Jerome Powell. Powell signaled the need for a higher ultimate level for interest rates than previously thought, and a willingness to re-up the pace of rate hikes if needed. His comments sent the policy-sensitive 2-year rate closer to 5%, and lifted the dollar, which moves in conjunction with the likely path of U.S. interest rates relative to the rest of the world. Читать дальше...