Economics Archives - Spark Newswire

6 minute read

Reported June 8 2023, ‘Saudi Crown Prince Threatened ‘Major’ Economic Pain On U.S. Amid Oil Feud’ – Washington Post

Today, 10:17 AM

https://www.washingtonpost.com/national-security/2023/06/08/saudi-arabia-cut-oil-production/ After President Biden vowed to impose ‘consequences’ on Saudi Arabia for slashing oil production last year,

SPY

2 minute read

Economists Speak In Chorus: Fed’s 15-Month Hiking Cycle Set to End in June; Markets At Risk If The Call Is Incorrect

By Piero Cingari

Today, 10:17 AM

The majority of economists polled by Bloomberg predict the Federal Reserve will end its 15-month streak of interest…

KRE

1 minute read

Why Are Precious Metals Miners Rallying? 5 Mining Stocks To Watch

By Piero Cingari

Today, 9:07 AM

Shares of precious metals miners rallied on Thursday, with the VanEck Gold Miners ETF (NYSE:GDX) tracking the industry posting…

BVN

2 minute read

Nasdaq Futures Resist Fed Rate Anxiety On Tesla Support: What To Focus On Ahead Of Friday Market Open

By Shanthi Rexaline

Today, 7:27 AM

Trading in the index futures suggests stocks could open on a narrowly mixed note on Friday as traders revert to the cautious stances following Thursday’s advance. Cues From Thursday’s Trading:

CHPT

3 minute read

‘UK Set To Introduce Floor For Oil And Gas Windfall Tax’ – Financial Times

By Happy Mohamed

Yesterday, 4:36 PM

https://www.ft.com/content/f69e5069-1a00-42c1-8219-84ccd5cbbfd9#myft:my-news:page Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach

EWU

2 minute read

Higher-than-Expected Increase In Unemployment Claims Raises Alarm For Job Market

By Piero Cingari

Yesterday, 8:50 AM

The most recent report from the Department of Labor revealed a larger-than-anticipated uptick in unemployment claims for the…

GLD

3 minute read

Nasdaq, S&P 500 Futures Slip As Traders Await Fed Cues: Analyst Says Risk-Reward For Equities ‘No Longer Compelling’

By Shanthi Rexaline

Yesterday, 7:11 AM

Stock futures were mixed Thursday morning as traders play the wait-and-watch game ahead of next week's Federal Reserve's rate-setting meeting. Bond yields were rising, reflecting expectations the central bank may look past the overhangs and push ahead with its rate hikes.

DOCU

3 minute read

Real Estate Market Turmoil Looms As Tech Giants Flee Offices: Watch These 5 Stocks, Short Sellers Circling For Potential Collapse

By Piero Cingari

June 7, 5:14 PM

The great exodus from workplaces caused by the COVID-19 pandemic and the rising adoption of remote or hybrid work is claiming a victim in the market: commercial real estate. It could be just the start of a prolonged sector turmoil.

AMZN

2 minute read

Could AI Lift All Boats? Top Wall Street Bank Predicts Potential 14% Rise in S&P 500 Fair Value, Flags Risks Over NVIDIA’s Dot-Com-Like Valuations

By Piero Cingari

June 7, 12:29 PM

Widespread adoption of artificial intelligence (AI) might enhance productivity growth and lead to higher stock market valuations, according to Goldman Sachs.

CSCO

2 minute read

Global Economy Balances On Recovery Tightrope, Outlook Report Shows: ‘This Is Hard’

By Piero Cingari

June 7, 12:02 PM

The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks.

SPY