Don’t sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard’s chief U.S. economist.
Financial News
Major bridge in Baltimore collapses after being struck by ship
The Francis Scott Key Bridge partially collapsed at 1:35 a.m. local time on Tuesday, a Baltimore City police spokesperson said.
Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costs
Nissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.
Princess Kate reveals she is in the early stages of treatment for cancer
The Princess of Wales, the former Kate Middleton, on Friday revealed she has undergone treatment for cancer following abdominal surgery.
Why a small China-made EV has global auto execs and politicians on edge
The China-built BYD Seagull, a compact all-electric hatchback, starts at just 69,800 yuan (or less than $10,000).
UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe
The CMA said it was concerned the deal would lead to a substantial lessening of competition and result in higher prices for consumers.
Gold prices have been hitting record highs — here’s why the rally is far from over
Gold prices hit a new all-time high recently, and there’s still room for it to surge as some countries continue on a gold buying spree.
UK inflation slides to 3.4%, below expectations
U.K. inflation came in lower than expected at 3.4% year-on-year in February, official figures showed Wednesday, down from 4% in January.
Bank of Japan ends the world’s only negative rates regime in a historic move, abandons yield curve control
These changes are the sharpest pull back in one of the most aggressive monetary easing exercises globally, as BOJ sought to reflate its economy.
China kicks off the year on strong note as retail, industrial data tops expectations
China on Monday reported economic data for the first two months of the year that beat analysts’ expectations.