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Dovish Powell lifts markets to historic highs
Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»
The dangers of voting by non-citizens
Only US citizens may vote in federal elections......»»
Stewart Cink, 50, part of five-way tie for Valspar lead
(Photo credit: Kyle Terada-USA TODAY Sports) Fifty-year-old Stewart Cink shot a 4-under 67 to join a five-way tie for the lead at the Valspar Championship before play was suspended Friday in Palm Harbor, Fla. As the field endured rainy conditions at Innisbrook Resort's Copperhead Course, 20 golfers did not complete their rounds before darkness fell. They will resume their second rounds Saturday at 9 a.m. The five co-lea.....»»
Shares gain anew on rate cut hopes
The stock market advanced for a second consecutive session yesterday, buoyed by indications that the vs Federal Reserve will make interest rate cuts later this year......»»
Philippines, EU resume free trade agreement talks
MANILA, March 19 (Xinhua) -- The Philippines and the European Union (EU) resumed negotiations for a free trade agreement (FTA) on Monday, the Philippines' Department of Trade and Industry (DTI) announced Tuesday. "Strengthening economic engagement with the EU remains a priority for the Philippines," said Philippine Trade and Industry Secretary Alfredo Pascual, adding that the Philippines aims for an ambitious, b.....»»
Market slips ahead of US Fed meeting
Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»
T-bill rates ease ahead of Fed meet
Rates for the government’s short-term securities eased for the second straight week ahead of the monetary policy decision of the US Federal Reserve......»»
Bautista, Dilaos banner young cast in Iñigos Resort netfest
A fresh group of aspiring young talents takes the spotlight, eager and prepared to resume their pursuit of top honors and ranking points in the Iñigos Sports Center National Junior Tennis Championships......»»
Filipino cruise worker arrested in Florida for planting spy cameras in bathroom
A 34-year-old Filipino cruise ship worker accused of hiding cameras to spy on guests was arrested at Port Everglades in Fort Lauderdale Florida over the weekend. According to federal documents, Arvin Joseph Mirasol, a stateroom attendant in Royal Caribbean’s Symphony of the Seas has been planting hidden cameras in a bathroom and targeting the guests,.....»»
Palestinian Authority hopes for Gaza ceasefire by Ramadan
Egyptian security sources say that ceasefire negotiations were due to resume in Cairo on Sunday.....»»
New FAA report highlights ‘disconnect’ at Boeing surrounding safety culture
A recent report commissioned by the Federal Aviation Administration (FAA) has shed light on safety issues at Boeing, one of the world’s leading aerospace companies......»»
Argentine oil producers rebel against Milei government
A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina's key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax rev.....»»
Russia: Why Navalny, and what’s next?
On Feb. 16, the Russian Federation’s Federal Penitentiary Service announced the death in custody of a prisoner at its FKU IK3 “corrective colony.”.....»»
Manila-based shipping firm eyes resumption of Davao-Lupon ferry services
DAVAO CITY (MindaNews/February 20) – A Metro Manila-based shipbuilding company is eyeing to resume the Davao City – Lupon, Davao Oriental ferry boat operation in October, a City Council official said Tuesday. Councilor Conrado Baluran, Committee of Transportation and Communications chair, said that shipping firm Pinoy Catamaran proposed the possibility of servicing the stalled ferry […].....»»
Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
‘Higher interest rates are here to stay’
The Bangko Sentral ng Pilipinas is likely to hold on to higher rates for a little longer, moving in lockstep with the US Federal Reserve and the rest of the central banks globally......»»
Philippines to take cue from Fed policy
Ahead of the policy meeting next week, the Bangko Sentral ng Pilipinas is likely to follow the steps of the US Federal Reserve as to when high borrowing costs can finally take a breather......»»
Families face uncertainty as search continues for 49 missing in Davao de Oro landslide
(1st UPDATE) As the death toll rises to 10, search and rescue workers race against time as they resume operations to look for signs of life at the mining village of Masara in Maco town, Davao de Oro.....»»
May, not March
Last Wednesday, equities dropped as Federal Reserve (Fed) Chair Jerome Powell dashed investor hopes for a March rate cut. Last Friday, despite better-than-expected US nonfarm payrolls and robust wage growth which typically usher in higher interest rates, the Dow and the S&P 500 were not deterred from hitting new all-time highs......»»
January 2024 Jobs Report: 353,000 Jobs Added, Unemployment at 3.7%
Title: Job Market Surges in January, Wages Soar and Unemployment Holds Steady Subtitle: Increased Hiring Boosts Economy, Potential Impact on Federal Reserve’s Monetary Policy Byline:.....»»