Skip to main content

Featured

The Blame Game: Russia and Ukraine's Stalled Peace Efforts

Russia and Ukraine continue to exchange accusations over the faltering peace process, highlighting the complexities of resolving their ongoing conflict. Moscow has accused Ukrainian President Volodymyr Zelensky of obstructing diplomacy, while Kyiv claims Russian President Vladimir Putin is determined to prolong the war.  The issue of Crimea remains a major sticking point, with Zelensky refusing to recognize the peninsula as part of Russia, a stance that has drawn criticism from various quarters. Meanwhile, Russia's recent missile and drone strikes on Kyiv have intensified tensions, leading Ukrainian officials to assert that Moscow's actions undermine peace efforts.  Both sides appear entrenched in their positions, with Russia demanding concessions and Ukraine insisting on a just peace. As the conflict drags on, the prospects for meaningful negotiations seem increasingly bleak.  !
Post a Comment
Read more

article

Labels

Wall Street Aims to Extend Winning Streak Ahead of Fed Chair Powell’s Speech

 


Wall Street inched higher early Tuesday as markets sought to extend their recent winning streak. Investors are closely watching Federal Reserve Chair Jerome Powell’s highly-anticipated speech later this week. Here are the key points:

  1. Market Movement:

    • Futures for the S&P 500 were up 0.1%, while futures for the Dow Jones Industrial Average remained relatively unchanged.
    • Hawaiian Holdings saw an 11.3% jump in premarket trading after its merger with Alaska Air cleared a major regulatory hurdle.
    • Lowe’s, however, experienced a modest decline after beating profit expectations but missing sales targets.

  2. Fed Chair Powell’s Speech:

    • The setting for Powell’s speech in Jackson Hole, Wyoming, has historically been home to significant policy announcements by the Fed.
    • Expectations are not overly high this time, as most anticipate the Fed will begin cutting interest rates next month—the first such cut since early 2022.
    • The big question is whether the economy needs the Federal Reserve to remove the brakes or apply deeper cuts for acceleration.

  3. Bond Market:

    • The yield on the 10-year Treasury held steady at 3.87%, while the 2-year ticked back to 4.05%.

  4. Global Markets:

    • Global markets mostly rose after Wall Street’s roller coaster summer, with the S&P 500 nearing its all-time high.


Labels:

Comments

Post a Comment