Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Two days after the Fed-led sell-off, Wall Street looks stable
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 29, 2022.
Brendon McDermide | Reuters
U.S. stock futures were relatively stable on Thursday as Wall Street tried to avoid a three-session losing streak. The Nasdaq has led sales for the past two days as the Federal Reserve launches further hoax tone – sinking 2.2% on Wednesday, a day after dropping nearly 2.3%.
- After several Fed officials called for more aggressive austerity measures to fight inflation, the minutes of the central bank’s March meeting hinted at a general agreement to shrink its huge balance sheet to $ 95 billion per month.
- The minutes also show that Fed officials are considering a larger-than-normal rate of 50 basis points after a 25 basis point increase last month, the first increase in more than three years.
2. The original Treasury yield spread is reversed before Baker claims data
Historically, these changes occurred before the recession. As the job market strengthens, the Fed may have a place to slow down the economy in the fight against inflation – threading the needle on the dual order of maximum employment growth and price control. The central bank is expected to raise rates for its remaining six meetings this year. The size of this increase is the real question.
3. Warren Buffett reveals large stake in Berkshire Hathaway HP
Warren Buffett at the annual meeting of Berkshire Hathaway in Los Angeles, California. May 1, 2021.
Gerard Miller | CNBC
Warren Buffett has started a large stake in Berkshire Hathaway Tech hardware stock HP Inc., which has become the largest shareholder in PC and printer manufacturers. Berkshire bought about 121 million shares of HP, up about 11%, according to a securities filing, with a stake valued at about $ 4.2 billion based on HP’s stock price on Wednesday. This was after the news before the 15% jump of HP shares in the premarket on Thursday, which broke just hours after the close. Berkshire has become more active in recent months, announcing a .6 11.6 billion deal to buy insurance company Allegoni and acquiring shares of energy company Occidental Petroleum.
4. Shell has announced the cancellation of up to $ 5 billion in assets after leaving Russia
Royal Dutch shell products in Russia’s Torzhoke.
Andrei Rudakov | Bloomberg | Getty Images
Shell said Thursday it would cut off between $ 4 billion and $ 5 billion after withdrawing from Russia. The announcement gives the first glimpse of the potential financial impact of the Western oil giants that withdrew from Russia after Moscow’s unpopular invasion of Ukraine. Further details on the impact of Ukraine’s ongoing development will come in Shell’s first-quarter earnings report on May 5, the agency said. Shell had previously estimated that Russia’s write-down would touch $ 3.4 billion. Last month, Shell was forced to apologize for buying Russian oil with heavy discounts and subsequently announced its withdrawal from Russia.
5. Ukraine has asked NATO for more weapons as Russia has reorganized for a pre-emptive strike
As the Russian invasion of Ukraine continues in the town of Bucha, outside Kiev, Ukraine, on April 6, 2022, a funeral service worker looks at the bodies of civilians, collected from the road to the local cemetery.
Stringer | Reuters
Ukraine on Thursday appealed to NATO for more weapons in the war against Russia to help prevent further atrocities reported in Bouche just outside Kiev. Western nations have provided Ukraine with portable anti-tank and anti-aircraft weapons, but they have been reluctant to supply aircraft, tanks or any other equipment that would require training for use.
- Russian forces, which quickly failed to seize the Ukrainian capital, are reorganizing for an attack on eastern Ukraine, where Moscow recognized the Luhansk and Donetsk regions as independent states early in its invasion.
– CNBC reporters Eun Lee, Jeff Cox, Samantha Subin, Hannah Miao, Jesse Pound, Elliott Smith And Sylvia is mine too The Associated Press also contributed to this report.
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