Skip to main content

Featured

Trump Pressures Tehran to Move Quickly on U.S. Ceasefire Proposal

A person stands next to the remnant of an Iranian missile, in Beitin village near Ramallah, in the Israeli-occupied West Bank U.S. President Donald Trump has urged Iran to act swiftly on a proposed ceasefire plan aimed at ending nearly four weeks of intense conflict across the Middle East. His remarks came after Iranian Foreign Minister Abbas Araqchi stated that Tehran is reviewing the U.S. proposal but is not engaged in direct negotiations, insisting that current exchanges through intermediaries do not constitute formal dialogue.  Indirect communication between the two countries is reportedly being facilitated by Pakistan, with additional support from Turkey and Egypt. Despite this, Iranian officials maintain a firm stance, emphasizing continued resistance and rejecting the notion of active talks.  Trump, however, has publicly claimed that Iranian leaders are eager for a deal, asserting that they are under immense pressure both domestically and militarily. He warned Tehran...
Post a Comment
Read more

article

Labels

Mixed Bank Earnings Offset Cooler-Than-Expected Inflation News

 


On Friday, January 12th, 2024, the US stock market closed with little change as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 118.04 points, or 0.31%, to 37,592.98. The S&P 500 gained 3.59 points, or 0.08 %, at 4,783.83 and the Nasdaq Composite rose 2.58 points, or 0.02%, to 14,972.76.

Bank of America’s fourth-quarter profit shrank as the lender took $3.7 billion in one-off charges. Wells Fargo’s warning of a 7% to 9% drop in net interest income in 2024 sent the bank’s shares down 3.34%. UnitedHealth fell on higher-than-expected medical costs. Tesla fell after flagging output hit from Red Sea disruption.

The data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday’s hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME’s FedWatch Tool, from 73.2% in the prior session.


Labels:

Comments

Post a Comment