NEW YORK (AP) — Stocks gained ground on Wall Street Friday for a second straight day, wiping away losses from earlier in the week. Technology stocks were once again the main force behind the market's broader moves, especially companies with a focus on artificial intelligence. Both the S&P 500 and the Nasdaq closed out the week with gains, despite several stumbles early this week. The S&P 500 rose 59.74 points, or 0.9%, to 6,834.50. It notched a 0.1% gain for the week. The Dow Jones Industrial Average ro ...

Japan hikes interest rate to highest level since 1995 as inflation bites https://t.co/N8b50LOLgr ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Market frustration with the November Consumer Price Index is not about how low inflation printed. It’s about whether the number can be trusted at all. The report showed that annual CPI inflation slowed to 2.7% in November from 3% in September. Indeed, this reinforces President Trump’s narrative that inflation is “essentially gone.” Yet economists and inflation watchers argue that the figure was mechanica ...

日本央行将基准利率从0.5%上调至0.75%，利率水平创30年来新高，这也是2025年1月以后，日本央行11个月来再次进行加息。加息决定获一致通过。日本央行预计实质利率将维持在极低水平，如果经济和物价走势符合预期，并随着经济和物价的改善，将继续加息。即使在利率变动后，货币环境依然宽松，支持经济。日本央行维持日本经济评估，尽管存在一些疲软，日本经济已温和复苏，预计核心通胀继续温和上升。 ...

Core Viewpoint - The Bank of Japan has raised its policy rate to 0.75%, the highest level since 1995, as part of its ongoing policy normalization due to persistent inflation above target levels for nearly four years [2][5]. Group 1: Policy Changes - The Bank of Japan increased benchmark rates by 25 basis points to 0.75%, aligning with economists' expectations [2]. - Japan has been normalizing its monetary policy since last year, moving away from a negative interest rate regime that lasted since 2016 [3]. Group 2: Economic Indicators - Inflation has exceeded the BOJ's 2% target for 44 consecutive months, with consumer price growth recorded at 2.9% in November [5]. - Real wages have been declining for 10 months, indicating pressure from high inflation [5]. Group 3: Future Outlook - The BOJ anticipates that firms will likely continue to raise wages steadily next year, following solid wage increases in 2025 [4]. - The bank noted that underlying inflation is rising moderately, with firms passing on wage increases to selling prices [4]. Group 4: Economic Risks - The recent rate hike poses risks to the Japanese economy, which has shown signs of contraction, with GDP shrinking by 0.6% quarter on quarter and 2.3% on an annualized basis [6]. - Rising government bond yields are increasing borrowing costs for Japan, contributing to fiscal strain [6].

The Bank of Russia is set to make a second straight half percentage-point cut to its key interest rate, offering only limited relief to the slowing economy amid uncertainty over whether an upcoming tax hike could stoke inflation https://t.co/9sgasAqTHe ...

The Bank of Japan raised its key policy rate to a 30-year high on Friday to help curb inflation, as widely expected, and financial markets took the move in stride. The 0.25 percentage point hike took the BOJ's benchmark short-term rate to 0.75%, its highest level since September 1995. It will raise costs for mortgages and other loans, but also boost yields on savings deposits. “It is highly likely that wages and prices will continue to rise moderately,” BOJ Gov. Kazuo Ueda told reporters. “Risks to the ...

Bitcoin slipped to around $85,200 on Friday as Asian stocks steadied after a tech-led bounce on Wall Street, and traders turned their attention to Japan, where a Bank of Japan rate move later in the day could jolt currencies and bonds. The mood improved after a shock slowdown in US consumer price inflation to 2.7%, although analysts cautioned the reading looked clearly distorted lower by the government shutdown and should not be taken at face value. Market snapshot Bitcoin: $85,811, down 1% Ether: $2, ...

When you walk around Costco, there's one thing you can't help but notice. And it's not just the fact that many of the items are supersized. Costco's prices, even for non-bulk items, are among the most competitive in retail. And that's incredibly important at a time when so many consumers are struggling. In November, prices for common consumer goods and services were up 2.7% broadly, according to last month's Consumer Price Index. Food costs rose 2.6%, electricity was up 6.9%, and piped gas service was u ...

Joining us now for a look at what is happening globally, Victor Schvetzet, a head of global desk of strategy McQuary Capital. Uh, very good morning to you, Victor. Thanks so much for joining me once again today.Uh, look, obviously it's been a very busy morning on the macro front with what we've heard out with regards to the inflation picture here, but let's shift our attention to obviously what we've heard out of the Bank of England and the ECB this morning. No surprises there, although maybe the Bank of En ...