Posts Tagged ‘rebound’

Futures Rebound As Geopolitical Fears Fade, Fed Enters Blackout Period

Futures Rebound As Geopolitical Fears Fade, Fed Enters Blackout Period US equity futures rose, putting the S&P on pace for its first gain after 6 straight days of losses, as focus shifted from Middle East tensions to a raft of company earnings this week, including four of the Mag7 tech megacaps which got hammered last […]

Futures Rebound After Biggest Rout Since March 2023; Bitcoin Soars

After the worst rout for US stocks since March 2023, which followed hotter than expected CPI prints across the board andsparked fears the Federal Reserve may not cut interest rates as soon as expected, US equity futures and Treasuries rebounded with S&P 500 futures adding 0.6% and rising to 5,000 after the worst inflation-day drop for the index since […]

Futures Rebound To Session High After NY Community Bank Reverses Overnight Rout; Record 10Y Auction Looms

US equity futures and global markets were mixed, while bond yields rose as the Treasury prepared to auction a record $42 billion in 10-year bonds that may indicate if a recent selloff was overdone. As of 7:50am ET, S&P futures rose 0.2%, reversing earlier losses and trading near session highs… … trading in lock step with sentiment […]

Futures Rebound From Worst Market Rout In Three Months

One of the ironic consequences of yesterday’s sharp, 0DTE-driven 1.5% selloff which was the biggest for the S&P since Sept 26 and which snapped a 9-day winning streak, is that with the market hitting the most overbought level in years earlier in the day, the liquidation reset the Relative Strength Indicator of the S&P back […]

Newsom’s rebound papers over broader trouble for Democrats

Yet while Biden’s standing has flipped over the past month-plus — he’s now in negative territory in the FiveThirtyEight average, 45 percent approval to 48 percent disapproval — Newsom has seen crucial improvement, leading the recall by a double-digit margin in the California poll average as of Thursday. These countervailing trends — Newsom rising even […]

Jobless Claims Fall to 473,000 as U.S. Reopening Rebound Continues

New jobless claims fell to 473,000 for the week ended May 8th, data from the Department of Labor showed Thursday. Economists had expected claims to fall to 475,000. The previous week was revised up to 507,000 from the preliminary estimate of 498,000. Jobless claims can be volatile week to week so economists like to look […]

Workers’ Wages Rebound From Pandemics But Not For Blacks

Unemployment Rate Declined in March as Work Returns. While wages for many Americans have rebounded to pre-pandemic levels, earnings for Black workers declined in the first quarter of 2021, growing the wage gap to its highest level since before the pandemic, according to a new analysis. In a report of earnings data by the Ludwig […]

US First Quarter GDP: Recovery Or Just Another Rebound?

Above photo: Nathaniel St. Clair. This past week the US Commerce Department released its early estimates for US GDP for the 1st Quarter 2021, January through March. If we are to believe the numbers, the US economy grew a respectable 6.4% during the period. But did it really? And does it represent a strong recovery […]

Japan PM vows no virus rebound as emergency measures end

Japan s Prime Minister Yoshihide Suga pledged Sunday to do his utmost to prevent a resurgence of the coronavirus ahead of the Olympic torch relay and his upcoming visit to Washington Suga was addressing his ruling Liberal Democratic Party’s annual convention, just hours ahead of the planned lifting of a virus state of emergency in […]

Greek PM sees tourism rebound in summer: ‘We’ll do much better’

Greek Prime Minister Kyriakos Mitsotakis has forecast a strong rebound in tourism this summer, saying speedy vaccination drives in key markets including Britain and Israel will pave the way for tourists to return despite the current industry gloom. Tourism, which accounts for about a fifth of the Greek economy and employs one in five workers, […]

As economy seeks post-COVID rebound, a plan promises a greener, cleaner way

As the developed world plans massive spending programs intended to help jumpstart economies across the globe once the COVID-19 pandemic recedes, much of the money is expected to go toward schemes intended to lay the foundations for a greener, healthier planet. US President Joe Biden pledged during his election campaign to plow $2 trillion (NIS […]

Black-Owned Businesses Lead Rebound To Pre-Pandemic Levels

Renegade Editor’s Note: The featured image is a screenshot from Mashable. Isn’t this rather convenient? A “pandemic” hits, businesses are forced to shutter, black power becomes the order of the day, and all of a sudden we have an explosion of black business, which are heavily promoted by Yelp and Google. Of course Zero Hedge […]

107% growth in export of gas condensates

TEHRAN, June 28 (Shana) – Managing Director of Special Pars Energy and Economic Zone Mehdi Youssefi says export of gas condensates from Special Pars Zone Cutoms Office has shown 107 percent growth. Youssefi told Shana that in the first three months of the year (started on March 21), gas condensate exports showed growth of 107 […]

Egypt Sends 800 Ground Troops to Engage in Saudi-US War on Yemen

As many as 800 Egyptian soldiers arrived in Yemen late on Tuesday, Egyptian security sources said, swelling the ranks of a Gulf Arab military contingent launching a wide war on the country, Reuters news agency reported. It was the second reported deployment of ground troops there by Egypt. The first was in 1962 when Cairo […]

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