Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

S&P 500 and Dow drop after Powell’s comments

S&P 500 closes lower as Powell indicates Fed’s hesitation on rate cuts amid tariff impact concerns

Published

on

S&P 500 closes lower as Powell indicates Fed’s hesitation on rate cuts amid tariff impact concerns

video
play-sharp-fill
In Short:
– S&P 500 fell 0.12% after Powell said rates will not be cut amid tariff inflation concerns.
– Nasdaq Composite rose 0.15%, while Dow Jones dropped 171.71 points following Powell’s press conference.
The S&P 500 closed lower after Federal Reserve Chair Jerome Powell indicated the bank is not ready to cut rates, evaluating the impact of President Trump’s higher tariffs on inflation.

The index dropped 0.12% to 6,362.90, while the Dow Jones fell 171.71 points, or 0.38%, to 44,461.28. Conversely, the Nasdaq Composite increased by 0.15% to 21,129.67.Banner

Investors focused on Powell’s remarks during his press conference, particularly after the Fed announced no changes to rates following its July meeting.

Powell said that no decisions are made regarding potential policy changes in September. He stressed the importance of maintaining inflation expectations.

Market Reaction

The commentary disappointed traders anticipating a September rate cut, leading to increased Treasury yields.

Notably, the decision to maintain rates wasn’t unanimous, with governors Bowman and Waller advocating for a quarter-point cut.

Following six record closes, Wall Street has experienced two consecutive days of losses, especially within consumer-focused stocks such as Home Depot.


Download the Ticker app

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

News

How Gen Alpha are positioned to shape the future of education

Future of education: how Generation Alpha and engaged parents are shaping schools amid challenges and rapid change

Published

on

Future of education: how Generation Alpha and engaged parents are shaping schools amid challenges and rapid change

In Short:
– Future education involves increased parental engagement and adapting to technological changes for younger generations.
– Barriers to involvement include time constraints and poor communication from schools, impacting family-school relationships.
What does the future of education look like for parents and students?
On this episode of Beyond Education, Enquiry Tracker founder Greg Campitelli explores the evolving landscape of schooling with insights from Mark McCrindle, founder of McCrindle Research. McCrindle, a notable social analyst.
In the conversation, he noted significant shifts in education accessibility and the increasing need for parental involvement.
A recent study indicated that 83% of parents prioritise engagement in their children’s schooling, seeking to actively participate despite busy schedules. Parents are investing in education, valuing it highly while wanting to play a hands-on role.
Download the Ticker app

Continue Reading

News

Trump orders Pentagon to resume nuclear testing immediately

Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

Published

on

By

Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

video
play-sharp-fill
In Short:
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
US President Donald Trump has ordered the Pentagon to resume nuclear weapons testing immediately, aiming to align with testing programs from other countries according to the conversation.Resuming explosive nuclear tests would likely trigger retaliatory responses from nuclear-armed nations like Russia and China, worsening the arms race and increasing global risks.

Banner

The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.

Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.

Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.

Proliferation Risks

Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.

Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.

The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.

The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.

Continue Reading

News

US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

Published

on

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.


Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews


Download the Ticker app

Continue Reading

Trending Now