Econ #s Archives - Page 28 of 61

2 minute read

US Consumer Sentiment Tops Estimates In January, Hits Highest Level Since July 2021: Friday’s Economic Digest

January 19, 11:57 AM

Consumer sentiment in US reaches highest level in 2.5 years despite struggling housing market. Tech stocks lead market increase while Treasury yields rise.

QQQ

2 minute read

AI Drives Tech Rebound, Oil Soars, Bitcoin Tumbles: What’s Driving Markets Thursday?

By Piero Cingari

January 18, 3:22 PM

During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates.

AMAT

3 minute read

Strong Data Dampens Rate Cut Expectations, Lifts Dollar And Spurs Treasury Yields: Thursday’s Economic Digest

By Piero Cingari

January 18, 11:45 AM

Dollar & U.S. Treasury yields surge on strong economic data. Dollar index approaches 103.52, Treasury yield reaches 4.13%.

UTEN

2 minute read

US Stocks Sink, Tech And Real Estate Hit Hard Amid Rate Concerns, Dollar Surge: What’s Driving Markets Wednesday?

By Piero Cingari

January 17, 2:51 PM

Another day of losses shook up Wednesday’s stock trading session on Wall Street. All major U.S. stock indices in the red, as investors expressed concerns that the Federal Reserve is not in a rush to reduce interest rates early this year.

BTC

2 minute read

Shell Suspends Red Sea Shipments As Yemen’s Houthi Strikes Intensify: ‘An Attack On The Global Economy,’ Blinken Says

By Piero Cingari

January 16, 12:02 PM

Shell halts Red Sea shipments due to mounting security concerns amid increasing frequency of attacks by Yemen's Houthi rebels, fueling regional tensions.

BOAT

2 minute read

Bitcoin Debuts On Wall Street, Inflation Spikes, Apple And Tesla Skid: This Week In The Markets

By Piero Cingari

January 12, 5:35 PM

Bitcoin (CRYPTO: BTC) took center stage this week when the U.S.

AAPL

2 minute read

Argentine President Milei Shocks With Plan To Dismantle Central Bank Amid Skyrocketing Inflation, IMF Backs Move

By Piero Cingari

January 11, 5:07 PM

They voted us to govern and put the Argentine economy in check. Surveys on the image and government measures are accompanying us. We have set a course and we are fulfilling it," Milei stated.

ARGT

2 minute read

Wall Street Slips As Rate-Cut Hopes Diminish With Inflation, Bitcoin Remains Unmoved By ETF Debut: What’s Driving Markets Thursday?

By Piero Cingari

January 11, 3:10 PM

It’s a bearish Thursday on Wall Street, with stocks relinquishing their gains due to unexpectedly high inflation numbers for December, causing some turbulence in market expectations regarding earlier Federal Reserve rate cuts.<

AAPL

2 minute read

Inflation Rises More Than Expected To 3.4% In December, Rattling Traders Betting On Fed Rate Cuts

By Piero Cingari

January 11, 9:34 AM

Inflation surpasses expectations, challenging Federal Reserve rate cut expectations for 2024. Dollar and Treasury yields rise, S&P 500 futures down.

SPY

2 minute read

US Banks Create Profits Out Of Thin Air Thanks To This Fed Trick: A Burden For US Taxpayers?

By Piero Cingari

January 10, 1:50 PM

This lucrative situation for banks spells a cost for U.S. taxpayers. Interest payments the Fed makes on bank reserves are a liability for the central bank.

BAC