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Fed’s Kashkari wants ‘many more months’ of positive inflation data before rate cut

  The Federal Reserve should wait for more substantial progress on inflation before considering interest rate cuts, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday. When asked about the conditions for rate cuts in 2024, Kashkari said, “We need many more months of positive inflation data to give me confidence that it’s appropriate […]

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JPMorgan,

JPMorgan recommends defensive, commodity stocks ahead of rate cuts

  JPMorgan strategists suggest that investors should consider shifting towards defensive and commodity stocks in anticipation of upcoming central bank rate cuts. Historically, defensive stocks have underperformed when bond yields were rising. However, this phase might be concluding, according to the Wall Street giant. During the November-December period, cyclicals rallied as the US 10-year yield

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U.S. futures tick higher, consumer confidence survey ahead – what’s moving markets

  U.S. Stock Futures Rise as Traders Return Post-Holiday U.S. stock futures are pointing higher as traders return to their desks after the public holiday on Monday. Key events this week include the release of the Federal Reserve’s preferred inflation measure and a dwindling stream of corporate earnings reports, offering insights into the health of

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Russia to build Central Asia’s first nuclear power plant in Uzbekistan

  Russia will construct a small nuclear power plant in Uzbekistan, marking the first such project in post-Soviet Central Asia. This announcement was made by Uzbek President Shavkat Mirziyoyev during a meeting with visiting Russian President Vladimir Putin. If realized, this nuclear deal will demonstrate Russia’s capability to export not only energy but also high-tech

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Amazon in talks with Italy to invest billions of euros in cloud plan, sources say

  Amazon’s cloud computing arm, AWS, is negotiating with Italy to invest billions of euros in expanding its data center operations in the country. This initiative is part of Amazon’s strategy to strengthen its cloud services in Europe, according to four sources familiar with the matter. The discussions about the investment’s scale and location are

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iran

Iran’s near-bomb-grade uranium stock grows, talks stall, IAEA reports say

Iran continues to enrich uranium close to weapons-grade levels at a steady pace, while efforts to enhance its cooperation with the U.N. nuclear watchdog remain stalled, according to two confidential reports from the watchdog revealed on Monday. The International Atomic Energy Agency (IAEA) is encountering multiple challenges in Iran, including the limited implementation of measures

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Meta adds safety features to CrowdTangle in bid to address EU concerns

  Meta Platforms (NASDAQ) has enhanced its misinformation tracking tool, CrowdTangle, with new safety features for the upcoming European Parliament elections. These improvements aim to address EU concerns that led to an investigation last month following Meta’s decision to phase out the tool. Last week, the U.S. social media giant announced that candidates for the

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Brazil inflation expectations to improve over time, says central bank chief

  Brazil’s central bank chief, Roberto Campos Neto, stated on Monday that policymakers believe inflation expectations should stabilize and improve over time, despite recent concerns about them deviating from the official target. “It is generally possible to be optimistic when we look at the reasons for the unanchoring of inflation expectations,” he said at an

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