European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
Category: Finance News
European Central Bank holds rates, will start shrinking balance sheet
A hold from the ECB was widely expected, but investors are more interested in the language it uses to describe the inflation outlook.
Shohei Ohtani — deferring $680 million of his contract for 10 years — may face some financial risks, advisors say
Shohei Ohtani’s $700 million contract defers $680 million for 10 years. Here’s why his unique payout structure could be risky.
NYC rents fall for the first time in over two years
CNBC’s Robert Frank joins ‘Squawk Box’ with the latest news.
Stocks making the biggest moves premarket: Moderna, Adobe, Live Nation and more
These are the stocks posting the largest moves in premarket trading.
Bank of England leaves policy unchanged, says rates to stay high for ‘extended period’
The Bank of England kept its main interest rate unchanged at 5.25% and said monetary policy may “need to be restrictive for an extended period of time.”
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means “bonds are back,” according to HSBC Asset Management.
Manhattan median rent falls for the first time in over two years
The median rent in Manhattan fell 2% in November, to $4,000 from $4,095, according to Douglas Elliman and Miller Samuel.
She’s got one of the world’s ‘worst’ passports but still managed to visit more than 100 countries
Maliha Fairooz wants to visit every country in the world, despite having a Bangladeshi passport, which is ranked eighth worst globally.
DoubleLine’s Jeffrey Gundlach says 10-year Treasury yield will fall to 3% next year
“I think we’re still going to have bonds rallying,” Gundlach said.” “We will see the 10-year Treasury yield in the low threes sometime next year.”