Newsfeeds Archive - Page 136 of 150

2 minute read

Labor Market Stays Tight: April Jobs Report Reveals Growth In Nonfarm Payrolls, Wages

May 5, 8:45 AM

The April U.S. jobs report showed a 253,000 rise in nonfarm payrolls, up from 236,000 the previous month and far above the market consensus estimate of 180,000, the Bureau of Labor Statistics reported Friday.

UUP

2 minute read

What’s Moving Gold Mining Stocks Today? GDX ETF Hits Yearly Highs As Bullion Sets New Record

By Piero Cingari

May 4, 4:32 PM

Gold mining stocks soared on Thursday, significantly outperforming the broader U.S. stock market which is projected to slump for a third consecutive day.

AEM

2 minute read

Paul Krugman’s Debt Ceiling Fix: Trillion-Dollar Coin Or Premium Bond Strategy

By Piero Cingari

May 4, 3:59 PM

Nobel Prize-winning economist Paul Krugman claimed that issuing premium bonds or minting a $1 trillion platinum coin will break the impasse in raising the U.S.

GOVT

3 minute read

BofA: US Dollar’s Dominance, Privilege Are Here To Stay – BRICS, Yuan & Crypto Are Not Alternatives

By Piero Cingari

May 4, 1:21 PM

The global dominance of the US dollar is not in any way under threat, as no other currency alternatives are available.

UUP

2 minute read

Goldman Sachs’ Role In Silicon Valley Bank Collapse Under Investigation: Report

By Piero Cingari

May 4, 11:17 AM

U.S.

BAC

1 minute read

Weekly Jobless Claims Rise Slightly More Than Expected: What You Need To Know

By Piero Cingari

May 4, 8:54 AM

The number of Americans registering for unemployment benefits rose by 13,000 to 242,000 in the week ending April 29, the U.S. Labor Department reported Thursday. The outcome was slightly above market estimates of 240,000.

SPY

1 minute read

ECB Hikes Interest Rates To 2008 Levels As Inflation Remains ‘Too High’

By Piero Cingari

May 4, 8:27 AM

The European Central Bank raised its key interest rates by 0.25% Thursday, as broadly expected by the market, increasing the marginal lending facility rate to 3.75%, the highest since the end of 2008.

EZU

3 minute read

Seven Market Experts Analyze the Fed’s Latest Interest Rate Hike, Predict What’s Next

By Piero Cingari

May 3, 4:50 PM

The Federal Reserve hiked interest rates by 25 basis points to a range of 5%-5.25%, as widely anticipated by the market, pushing borrowing costs to the highest level since September 2007.

SPY

2 minute read

Federal Reserve Hikes Interest Rates 0.25%, Says Future Policy Is Data-Dependent

By Piero Cingari

May 3, 2:18 PM

The Federal Reserve raised the fed funds rate by 25 basis points to a range of 5%-5.25% Wednesday, delivering the eleventh hike in the tightening cycle and bringing the cost of borrowing to the highest since August 2007.

DIA

3 minute read

Icahn Enterprises’ Stock Nosedives Over Ponzi Scheme Allegations: 5 Key Takeaways From Hindenburg Short Report

By Piero Cingari

May 2, 5:14 PM

Icahn Enterprises L.P. (NASDAQ: IEP) shares had their worst trading day since October 2002, falling almost 20% on Tuesday following the release of an extremely negative report by the American short seller Hindenberg Research.

IEP