Jerome Powell, chairman of the US Federal Reserve, speaks at the Brookings Institution in Washington, DC, on Wednesday, Nov. 29, 2022.Here are the most important news items that investors need to start their trading day:Federal Reserve Chairman Jerome Powell said smaller interest rate hikes could start as soon as this month, signaling that the central bank will soon ease up on its aggressive inflation-fighting measures.
after a sharp rally on Wednesday. The Nasdaq Composite and S&P 500 each snapped three-day losing streaks after Fed Chair Powell's talk of a rate hike slowdown. The Dow gained more than 700 points during the session. But Thursday brings new data on personal income and spending, and Friday brings a hotly anticipated jobs report.Freight rail cars sit in a rail yard on November 22, 2022 in Wilmington, California.
in a conversation with Andrew Ross Sorkin at the New York Times Dealbook conference on Wednesday. Sam Bankman-Fried said from the Bahamas that he "didn't ever try to commit fraud on anyone" and that he was "shocked by what happened this month." FTX filed for bankruptcy in November in the face of liquidity issues, a frenzy of users withdrawals and a failed takeover by rival Binance.Ukraine's President Volodymyr Zelenskyy visits Kherson, Ukraine November 14, 2022.
— CNBC's Jeff Cox, Samantha Subin, Rohan Goswami, Mackenzie Sigalos, Christina Wilkie and Lori Ann LaRocco contributed to this report.
do all the contrary, don't follow any dis or misinformation from the so-called experts!!