Economics Archives - Page 14 of 276

3 minute read

Nasdaq, S&P 500 Futures Keep Head Above Water Ahead Of Fed Speeches: Analyst Says Market-Boosting Themes ‘Firmly In Place’

May 20, 7:48 AM

U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in the Middle East in their stride, underlining their resilience.

BTC

1 minute read

“Iranian President Raisi Feared Dead Following Helicopter Crash As State Media Says ‘No Sign Of Life'” – CNBC

By Benzinga Newsdesk

May 20, 12:04 AM

https://www.cnbc.com/2024/05/20/iranian-president-ebrahim-raisi-is-feared-dead-following-a-helicopter-crash-state-media-.html Iranian President Ebrahim Raisi is feared to have died in a helicopter crash along with

SPY

2 minute read

Lai Ching-Te Inaugurated As Next President Of Chip Powerhouse Taiwan

By Benzinga Neuro

May 19, 11:19 PM

Lai Ching-te has been sworn in as the new president of Taiwan, succeeding Tsai Ing-wen and pledging to continue the island's policy of de facto independence while strengthening its defenses against China.

TSM

2 minute read

Wall Street Jumps Back To Record Highs, Dow Hits 40,000 As Inflation Fears Recede, Meme Stock Frenzy Returns: This Week In The Market

By Piero Cingari

May 17, 4:07 PM

Major market indexes reached record highs for the fourth week in a row, fueled by inflation data and expectations for interest rate cuts. Meme stocks resurged, while Buffett bought Chubb and Dimon warned about fiscal deficit.

AMC

2 minute read

Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks’ Wild Ride

By Piero Cingari

May 17, 3:49 PM

Copper, silver, and gold prices surge on strong Chinese stimulus and Fed rate cut expectations, driving mining stocks to record highs.

CDE

2 minute read

Gen Z Is Charging Too Much, And Not Paying Bills: What The Latest Credit Card Delinquency Data Says About American Consumers

By Hayden Buckfire

May 17, 3:20 PM

Most borrowers are unsurprisingly more likely to fall behind on payments and become delinquent, especially those in the Gen Z age bracket.

AXP

2 minute read

China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs

By Piero Cingari

May 17, 10:37 AM

China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.

BABA

3 minute read

Bank Of America’s Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: ‘No One Is Long’

By Piero Cingari

May 17, 9:45 AM

Bank of America chief strategist predicts hard landing for US economy, recommends 30-year Treasury bonds as hedge against downturn.

TLT

3 minute read

Wall Street Stays Cautious To Close Out A Big Week, Meme Rally Resumes: Analyst Warns Investors ‘Not To Sprint On The Victory Lap’

By Shanthi Rexaline

May 17, 7:12 AM

U.S. stocks are poised for a cautious start on Friday as concerns about rising interest rates return. Traders are waiting for a significant catalyst to propel the market higher after its recent record run.

AMAT

2 minute read

JPMorgan’s Jamie Dimon Warns Of ‘A Lot Of Inflationary Forces’ Ahead, Predicts Higher Interest Rates

By Benzinga Neuro

May 17, 4:53 AM

Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.

JPM