• Dec 04, 2024

Fed’s Daly Says No Sense of Urgency to Lower Interest Rates

(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said there’s no sense of urgency to lower interest rates, emphasizing officials can “carefully calibrate” policy. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams“We do not need to be urgent,” Daly said Wednesday in an interview on PBS News Hour. “There’s no sense of urgency, but we do need to continue to carefully calibrate

  • Dec 04, 2024

South Korea government to activate market stabilization fund after martial law attempt

South Korea's Finance Ministry said on Thursday that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization fund, after President Yoon Suk Yeol's lifting of a martial law declaration affected financial markets. The Bank of Korea may purchase government bonds and expand repo operations if needed, and the government is closely monitoring markets and will deploy measures according to contingency plans if needed, the Finance Ministry said in a statement. ($1 = 1,411.1300 won)

  • Dec 04, 2024

With Fraud Allegations Cleared, Is Super Micro Computer Stock (SMCI) a Buy?

Super Micro Computer’s stock (SMCI) has been at the center of controversy in recent months due to accounting fraud allegations from a short-selling firm, which caused its stock to plunge. While the long-awaited verdict on the case came out in Super Micro’s favor, leading to a rebound in the stock, there are still concerns connected to its growth story that prompt me to maintain a neutral stance for now. Although the stock’s valuations remain attractive, even after the recent rebound, this articl