Articles by Daniel Marsh
Dow Slumps on Inflation, Oil Surge Ahead of Powell Remarks
The Dow Jones Industrial Average dropped sharply Wednesday, pressured by a hotter-than-expected inflation report and a surge in oil prices. Traders now see the Federal Reserve's first rate cut delayed until April 2027.
VIX Climbs on Energy Jitters and Inflation Data
Wall Street's fear gauge, the VIX, moved higher Wednesday amid rising oil prices and a hot wholesale inflation report. The crude oil volatility index surged to its highest level since 2020.
Fed Maintains Rates, Signals Single 2026 Cut Amid Elevated Inflation Outlook
The Federal Reserve kept its benchmark rate unchanged and now anticipates only one rate reduction in 2026, as policymakers increased their inflation projections. Stocks declined following the announcement.
Rocket Lab Announces $1B Stock Offering, Shares Retreat After Neutron Rally
Rocket Lab shares declined nearly 9% after the company filed to sell up to $1 billion in common stock via an at-the-market offering, tempering recent gains driven by Neutron rocket development and defense contract wins.
Fed to Maintain Rates Amid Oil Spike and Inflation Pressure
The Federal Reserve is likely to keep interest rates unchanged Wednesday, with surging oil prices and persistent inflation delaying anticipated rate cuts. Key data shows consumer prices rose 0.3% in February while payrolls declined by 92,000.
Producer Prices Surge 3.4% in February, Delaying Fed Rate Cut Expectations
U.S. producer prices rose 0.7% in February, exceeding forecasts and driving the annual rate to 3.4%. The hotter-than-expected data sent stocks lower and pushed back market expectations for the Federal Reserve's first interest rate cut.
SoFi Shares Dip on Short-Seller Allegations as CEO Boosts Stake
SoFi Technologies shares fell premarket after Muddy Waters took a short position, accusing the company of concealing debt. SoFi rejected the claims as misleading and CEO Anthony Noto bought nearly $500,000 in stock.
Hot PPI Data Rattles Markets Ahead of Fed Decision; Micron Earnings in Focus
U.S. stock futures declined Wednesday following a hotter-than-expected Producer Price Index report for February, casting doubt on the Federal Reserve's rate cut timeline. Investors are focused on the Fed's policy decision and updated projections, with Micron Technology's earnings due after the close.
Ondas Secures $140M Military Deal with INDO Acquisition, Stock Holds Gains
Ondas Holdings completed the acquisition of INDO Earth Moving Ltd., a transaction tied to a $140 million military engineering contract. The company's stock maintained its recent gains in premarket trading following the announcement.
SGX Cash-Rich Trio's Dividend Outlook Amid Asian Market Gains
Three Singapore-listed firms with strong balance sheets face questions over future dividend growth. Meanwhile, Asian equities advanced on robust export figures and easing oil prices, with Indian indices showing resilience.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.