BEIJING/SINGAPORE (Reuters) -Oil prices were on track for a second consecutive weekly decline on Friday, weighed down by expectations of another OPEC+ output hike in July and fresh uncertainty after the latest legal twist kept U.S. President Donald Trump's tariffs in place. Brent crude futures slipped 21 cents, or 0.33%, to $63.94 a barrel by 0626 GMT. The Brent July futures contract is due to expire on Friday.
"For now, with the labor market holding strong, inflation trending gradually back to target, and risks tothe (Fed's) objectives roughly balanced, I believe monetary policy is in a good place," Logan said at an event in Waco, Texas. The Fed earlier this month left its policy rate in the 4.25%-4.50% range.
Several popular stocks - NIKE and Target - have been beaten down over recent years, widely underperforming. Given their falls from glory, are they a buy at cheaper levels?
TOKYO (Reuters) -Core inflation in Japan's capital hit a more than two-year high on persistent rises in food costs, data showed on Friday, keeping the central bank under pressure to hike interest rates further. But factory output slid in April in a sign manufacturers are feeling the pinch from slowing global demand, highlighting the dilemma the Bank of Japan faces in balancing inflationary pressures and the hit to the economy from steep U.S. tariffs. The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 3.6% in May from a year earlier, exceeding market forecasts for a 3.5% gain and perking up from a 3.4% rise in April.
Among the Zacks Rank #1 (Strong Buy) list, several Aerospace Defense stocks are standing out and have reached new 52-week highs this week.
Speculative plays like Dogecoin are especially vulnerable in volatile situations. Many investors opted to buy stocks instead of transacting in altcoins like Dogecoin, as the S&P 500 index closed the day higher (by 0.3%). Cryptocurrencies, by their nature, are speculative investments, and Dogecoin -- a one-time satirical project that has improbably become a leading altcoin -- is a particularly speculative play.
Whirlpool (WHR) closed at $78.62 in the latest trading session, marking a +0.61% move from the prior day.
In the latest trading session, Boston Scientific (BSX) closed at $104.50, marking a -0.01% move from the previous day.
“We are going to launch, in Britain, a crypto revolution. We’re going to make London one of the major trading centers of the world,” Farage said.
Goldman Sachs (GS) closed the most recent trading day at $604.86, moving -0.59% from the previous trading session.