Real-time News

US Navy: USS Ford aircraft carrier is ready to re-engage in operations with Iran.

On April 3, New York Federal Reserve President Williams stated that the inflation and employment risks from rising energy prices have reached a "balance," and he leans towards supporting maintaining the current interest rate. Williams said, "Monetary policy, through the actions we took last year and our current stance, is actually well-positioned to balance these risks, and that's exactly what we need to do." Williams also stated that he doesn't believe losses in private credit (non-bank lending) pose a systemic risk, despite some investors in that sector demanding early redemptions. Williams attributed this primarily to the repricing of underlying loans. He said, "I don't think it currently poses a systemic risk to our financial system," noting that policymakers are "closely monitoring" banks' exposure. When asked if some private credit funds could be considered "too big to fail," he replied, "Absolutely not."

Foreign central banks held $37.791 billion in U.S. Treasury securities in the week ending April 6, compared with a decrease of $23.177 billion in the previous week.

Alphabet (GOOG.O) Chief Financial Officer and Chief Accountant Amy Tunall O'Toole will resign on April 9.

April 3rd - According to sources familiar with the matter, SpaceX has raised its target valuation for its initial public offering to over $2 trillion. These sources stated that the company and its advisors are disclosing this valuation target to potential investors in preparation for meetings in the coming weeks. Foreign media previously reported that these so-called "trial" briefings may contain more information supporting this valuation. In February, it was reported that SpaceX's valuation was $1.25 trillion after acquiring Musk's xAI. At a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 except for Nvidia, Apple, Alphabet (Google's parent company), Microsoft, and Amazon, and would also surpass two other members of the "Big Seven" of US stocks—Meta and Musk's own Tesla.

The Dow Jones Industrial Average closed down 61.01 points, or 0.13%, at 46,504.73 on Thursday, April 2; the S&P 500 rose 7.37 points, or 0.11%, to 6,582.69 on Thursday, April 2; and the Nasdaq Composite rose 38.23 points, or 0.18%, to 21,879.18 on Thursday, April 2.

U.S. stocks closed lower on Thursday, with the Dow Jones Industrial Average down 0.13%, the S&P 500 up 0.1%, and the Nasdaq Composite up 0.18%. Tesla (TSLA.O) fell more than 5%. The Nasdaq China Golden Dragon Index fell 0.34%.

According to CBS: U.S. Defense Secretary Hergsays has asked Army Chief of Staff General Randy George to resign and retire immediately.

Federal Reserve's Williams: I have not yet spoken with Federal Reserve Chair nominee Warsh as the confirmation process progresses.

Federal Reserve's Williams: The Federal Reserve is focused on its mission, not politics.

Federal Reserve's Williams: There are clear reasons for some recent changes in private credit as the market reprices.

On April 3rd, Iranian Foreign Minister Araqchi stated that a significant difference between modern society and the Stone Age was that there was no oil or gas being extracted in the Middle East at that time. Is the US president and the Americans who supported his inauguration really sure they want to regress to that era?

Federal Reserve's Williams: Private credit structures locking up cash helps limit broader risks.

Federal Reserve's Williams: The Fed is closely monitoring the private sector and sees no systemic risk.

Federal Reserve's Williams: Achieving the 2% inflation target is crucial.

Federal Reserve's Williams: The Fed's 2% inflation target balances the central bank's objectives.

Federal Reserve's Williams: The economy is in a state of low hiring, low layoffs, and stable unemployment.

Federal Reserve's Williams: It's too early to judge the impact of soaring energy prices on employment market data.

Federal Reserve's Williams: On the employment front, hiring is expected to decrease.

Federal Reserve's Williams: Energy prices have a transmission effect on the economy, which can take months or a year to reach the economy.