After the first cut in the US rate, Atlanta Fed President Bostic said he expected the Fed to pause at its next meeting to assess the impact of the policy change on the economy. The governor has previously argued that it would be appropriate to start cutting interest rates in the third quarter of this year.
In a separate article posted on the Fed’s website on the 4th, Governor Bostic said that businesses were overextended and that an explosion of new demand would be generated after the policy rate cut, which would increase the pressure on prices up. anxiously. He told reporters that could be another reason for not rushing to cut rates.
The governor said interest rate cuts were “probably not going to be sequential”, adding: “Given the uncertainty, we will act and then wait to see how market participants, business executives and homes respond to it. I think that’s desirable. to a certain extent.”
President Bostic
Photographer: Elijah Nouvelage/Bloomberg
As for the reduction in the US Federal Reserve’s balance sheet, it is better to continue at the current pace for now, rather than rush to gradually reduce the pace of quantitative easing (QT).
Physiotherapists Volunteer In Gaza: Stories Of Heroism And…
2024-03-04 18:57:51
The patrol of physiotherapists volunteered to enter Gaza For all stories of heroism”,”subTitle”:”4 young commanders. 3 of them were killed. Y., the only one left from the photo, and the members of the grenade unit, recall the stories behind the exemplary characters”,”titleLink”:” Zandani “,”alt”:”Daniel Zandani”,”ariaHidden”:false,”itemLinkUrl”:” reserve”: Also a commando fighter, also a mortgage and finance consultant | Watch”,”subTitle”:””,”titleLink”:” Photo: Eran Rogel”,”alt”:” “,”ariaHidden”:false,”itemLinkUrl”:” Free, Repair services, support: the initiatives for evacuees and combatants”,”subTitle”:””,”titleLink”:”
#ynet #news #economy #sports #health »Read More
Market Update: Nvidia Stock Reaches All-Time High, Super…
Stock Market Update: Nvidia and Super Micro Surge
The stock market saw a brief drop of over 150 points on Monday, with Nvidia stock reaching record highs. Super Micro Computer (SMCI) also experienced a surge in its stock price after news broke that it would be added to the S&P 500 index.
In the morning trading session, the Dow Jones Industrial Average lost 0.3%, while the S&P 500 dropped 0.1% and the Nasdaq composite slipped 0.15%.
Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) was down 0.2%, and the SPDR S&P 500 ETF (SPY) fell 0.3%. Additionally, the 10-year Treasury yield rose to 4.23%, and oil prices remained steady around $80.20 a barrel.
Nvidia and Super Micro Performance
Nvidia saw a 3.9% rally in morning trading, hitting record highs and maintaining a strong position as an IBD Leaderboard stock. Super Micro’s stock price soared over 22% on Monday morning, while Deckers jumped 4.2%. The announcement of their inclusion in the S&P 500 index led to a positive market response.
Looking ahead, key events this week include Fed Chair Jerome Powell’s speech on Wednesday and the release of the February jobs report on Friday.
Michel Ohayons Recovery Plan: Grand Htel De Bordeaux,…
2024-03-04 17:43:35
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The Bordeaux commercial court validated the recovery plan for the Grand Hôtel de Bordeaux, the Sheraton hotel at Roissy airport and the Trianon Palace in Versailles owned by the businessman.
Valued at more than 500 million euros, the walls of these hotels are held by Financière Immobilier Bordeaux (FIB), Michel Ohayon’s holding company, via subsidiaries placed in receivership at the end of January 2023. The Bordeaux businessman has mainly developed its hotel portfolio thanks to the 201 million euros borrowed from Bank of China between 2014 and 2017. But these loans were not repaid because the FIB, placed in recovery, encountered significant financial difficulties.
Michel Ohayon remains in the storm
Bank of China, which demanded the liquidation of the subsidiaries that own the three hotels, refused the business continuation plan presented by Michel Ohayon. But the court decided otherwise, considering that the scenario adopted after modifications introduced at its request was economically viable and provided sufficient guarantees for the settlement of liabilities.
Michel Ohayon, however, remains in the storm. The judges of the commercial court must rule on March 20 on the approval of the safeguard plan for the 26 Galeries Lafayette stores that it owns.
Drivers Demonstrate Around Several Major Cities To Contest…
A13, A15 motorways, Paris ring road, Rennes ring road, Toulouse-Blagnac airport, Bordeaux airport… Taxis disrupted for the fifth time, Monday March 4, several major routes throughout France in order to obtain transport. Health insurance a renegotiation of patient transport.
The processions from Ile-de-France were to converge in Paris, on the Place du Trocadéro, at the call of the FNAT (National Federation of Taxi Craftsmen) and the FNDT (National Taxi Federation), two of the main professional organizations. Traffic in the Paris region was therefore particularly disrupted, with the peak of traffic jams reaching 430 kilometers shortly before 9 a.m. Some four hundred taxis took part in the operation according to Emmanuelle Cordier, president of the FNAT.
The national movement, organized at the call of the FNDT and the FNAT, aims to review the medical transport agreement negotiated with Health Insurance. “Faced with new unsustainable pricing (…)taxis are mobilizing for the survival of the medical taxi, in order to continue to guarantee quality service to French people who require it”wrote the two organizations in a press release. The demonstrators also denounce the ” unfair competition “ VTCs and non-compliance with the Grandguillaume law,
Al Bilad Newspaper OPEC+ Decision Supports Oil Markets…
Oil prices recorded a slight increase during early Monday trading, after OPEC+ member states agreed to extend voluntary production cuts by 2.2 million barrels per day in the second quarter of the year, which is largely in line with market expectations.
Price action
By 0334 GMT, Brent crude futures rose 8 cents, or 0.1 percent, to $83.64 per barrel. While West Texas Intermediate crude futures fell slightly to $79.92 per barrel.
Production cuts implemented by the Group of Petroleum Exporting Countries (OPEC) and its allies are expected to protect the market amid global economic concerns and increased production outside the group, while Russia’s announcement of an additional cut in exports and production surprised some analysts.
Russian Deputy Prime Minister Alexander Novak said yesterday, Sunday, that Russia will reduce oil production and exports by an additional 471,000 barrels per day in the second quarter of the year.
Oil prices received support in 2024 from the escalation of geopolitical tensions in light of the conflict between Israel and Hamas on the one hand, and the Houthi attacks on commercial ships in the Red Sea on the other hand, and fears related to economic growth cast a shadow on oil prices.
Immediate Transfers And Debit Cards The Most Used…
#transfers #debit #cards #payment #methods #Portuguese
Some highlights of this report include the fact that immediate transfers lead Portuguese people’s preference for online payments (44.7%) and for in-person purchases, debit cards (42.4%) are the most used payment method.
Immediate transfers and debit cards were the preferred and most used payment methods by the Portuguese in 2023, according to the results of the XIII Payment Methods Trends Report, released by Minsait Payments, an Indra group company.
Prepared in collaboration with Analistas Financieros Internacionales (AFI), the report brings together the opinions of more than 4,800 banking internet users from Spain, Italy, Portugal, the United Kingdom and Latin America (Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Dominican Republic).
Some highlights of this report include the fact that immediate transfers lead Portuguese people’s preference for online payments (44.7%) and for in-person purchases, debit cards (42.4%) are the most used payment method.
According to the study, 53.4% of Portuguese people only have one bank account, while 29.5% have more than one account, with 17.1% reporting having more than one bank account and having faced a problem with their bank account. process.
Another conclusion is that Portugal is the third country where contactless payments are highest (59%),
HK$3.664 Billion Net Purchase By Southbound Funds On…
On March 4, the whole-day transaction volume of southbound funds was HK$38.134 billion, and the net buying volume was HK$3.664 billion.
securitiesTimes·Database statistics show that on March 4, the Hang Seng Index rose by 0.04%. The total buying transaction volume of southbound funds was HK$20.899 billion, and the selling transaction volume was HK$17.235 billion. The total transaction volume was HK$38.134 billion, and the net buying volume for the whole day was 3.664 billion. Hong Kong dollar, net buying for 13 consecutive days.
Specifically,Hong Kong Stock Connect(Shanghai) buying transaction was HK$11.461 billion, selling transaction was HK$9.426 billion, total transaction volume was HK$20.887 billion, net buying transaction was HK$2.035 billion; Hong Kong Stock Connect (Shenzhen) buying transaction was HK$9.438 billion, selling transaction was HK$7.809 billion , the total transaction volume was HK$17.247 billion, and the net purchase volume was HK$1.629 billion.
In terms of northbound capital transactions, today’s northbound capital transaction volume was 151.413 billion yuan, with net sales of 7.061 billion yuan. (Data treasure)
Today’s transaction overview of southbound funds
Buy transaction volume (HKD 100 million) Sell transaction volume (HKD 100 million) Net buy transaction (HKD 100 million) Southbound trading (Shenzhen) 94.3878.0916.29 Southbound trading (Shanghai) 114.6194.2620.35 Total 208.99172.3536.64
Note: This article is a news report and does not constitute investment advice.
Gas Bills For The Vulnerable Drop By 4%…
The gas bill drops for the vulnerable but the return of the taxation removed by the Draghi government and reintroduced by Meloni weighs heavily. So bills are even 16% higher than a year ago. According to Arera’s periodic communication, from 1 February 2024 the gas bill will drop by 4% in the Vulnerability Protection Service. This is that service which, after the end of the protected market for gas in January, is aimed at those over 75 years of age, on a low income, or with disabilities. For this segment of the population the tariffs continue to be regulated by Arera as happened in the protected market.
The vulnerable will pay less in February. «Well, good news for vulnerable customers. It’s a shame that the savings are only 46 euros on an annual basis. If the Government, however, had not decided to restore the system charges and the old VAT rates in 2024, gas would have collapsed by 15%, with a discount of 126 euros, 111 due to the VAT effect alone” states Marco Vignola, manager of the energy sector of the National Consumers Union.
According to the study b y the National Consumers Union, for the new typical user who consumes 1100 cubic meters of gas,