Silver/USD

Fox Corp. will buy streaming giant Roku in a deal valued at $22 billion, the companies announced Monday. The deal will allow Fox to expand beyond its cable TV audience and into Roku's massive streaming user base, which includes 100 million U.S. households. Roku spun out of Netflix in 2008, with founder and CEO Anthony Wood focused on creating a streaming ...

Builder sentiment remains subdued as rising material costs, elevated mortgage rates and ongoing affordability challenges continue to strain the housing market. Builder confidence in the market for newly built single-family homes fell two points to 35 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index ...

The industrial production in the United States increased by 0.1% in May compared to April, according to the latest report by the Federal Reserve Board on Monday. On a yearly basis, the industrial output improved by 1.7%. Manufacturing was stable compared to April, but rose by 1.4% year-on-year, mining added 1.3% and 2%, respectively, and utilities fell by ...

After posting strong growth last month, business activity increased modestly in New York State in June, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index remained positive but fell fourteen points to 5.7. New orders and shipments both moved higher, and unfilled orders increased. Delivery ...

Last Wednesday’s CPI report, while not a surprise, still showed a year-over-year inflation rate of 4.2% - higher than in any month since April, 2023. For investors, this raises a number of questions. First, is this the peak for U.S. inflation and, if it is, how fast will inflation fall from here? Second, are we looking at the right inflation rate, anyway, ...

After numerous false dawns, a deal has finally been struck. Today, we're look at how global assets have performed during the conflict, from the close before the first strikes on February 28th to last Friday's close. We'll also examine the shifts in 10-year government bond yields over the same period. The story is largely self-explanatory: a fascinating ...

Israeli media citing sources: Netanyahu informed Trump that Israel is not bound by the Lebanon clause in the agreement

New Federal Reserve Chair Kevin Warsh will have his first press conference amid inflation and uncertainty over interest rates. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey joins David Gura and Christina Ruffini on Bloomberg This Weekend to examine the current division within the Fed and what Warsh may do going forward.

The Federal Reserve's June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent ...

It’s officially “Chairman” Kevin Warsh, not “chair.” The Federal Reserve website now lists Warsh as “chairman,” not “chair,” reversing the past 12 years when his predecessors Janet Yellen and Jerome Powell both chose to be called “chair.” Before Yellen, the term “chairman” was used exclusively. No law or regulation governs what a chair is called, leaving it ...