Economics Archives - Page 153 of 276

2 minute read

AI, Tech Fuel Rebound Of Vanguard Growth ETF, Eroding Value’s 2022 Outperformance

June 1, 12:56 PM

The surge of artificial intelligence (AI), the supremacy of the internet giants and expectations of the Fed's tightening cycle nearing its end are propelling growth companies to outperform value stocks.

AAPL

2 minute read

Booming ADP Employment, Stable Unemployment Claims Set Stage For Friday’s Key May Jobs Report

By Piero Cingari

June 1, 8:46 AM

The American labor market continues to demonstrate its strength, with the ADP reporting Thursday a notable and better-than-expected surge in private employment in May. Concurrently, the Department of Labor signaled a lower-than-anticipated rise in unemployment claims last week, further reinforcing healthy conditions in the job market.

ADP

4 minute read

US Stocks Set For Higher Open As House Passes Debt Deal: Why This Analyst Sees Possibility Of ‘June Swoon’

By Shanthi Rexaline

June 1, 6:59 AM

U.S. stocks could open Thursday’s session modestly higher as the passage of the budget bill unscathed through the House increases confidence in its enactment.

2 minute read

Jim Cramer On ‘Fed Heads’ That Want To Raise Rates: They Want To ‘Tip Us Into A Definitive Recession’

By Bhavik Nair

June 1, 2:27 AM

Prominent market commentator Jim Cramer reportedly told investors on Wednesday the Federal Reserve needs to calm down and…

QQQ

3 minute read

Binance Shakes Up Workforce Amid Market Woes: Job Cuts Or Strategic Realignment?

By Jose Rodrigo Safdiye

May 31, 3:36 PM

In a significant development, Binance (CRYPTO: BNB), the world's largest crypto exchange by trading volume, has confirmed workforce reductions, according to recent reports from both Wu Blockchain and The Block.

$BNB

3 minute read

‘Mike Pence Is Set To Launch His Presidential Campaign Next Week’ – NBC News

By Happy Mohamed

May 31, 2:43 PM

https://www.nbcnews.com/politics/2024-election/pence-set-launch-presidential-campaign-week-rcna87040?cid=sm_npd_nn_tw_ma&taid=647792f3593b3c0001b2891e&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter Mike Pence plans to enter the GOP presidential nomination fray June 7 with a campaign video and…

SPY

2 minute read

Strong Non-Farm Payrolls Ahead? Expect Aggressive Fed Rate Hikes, Macro Wiz Says

By Piero Cingari

May 31, 12:56 PM

Investors are eagerly anticipating the release of the non-farm payrolls, unemployment rate, and salary growth figures this Friday, which are expected to be the focal economic readings of the week.

GOVT

2 minute read

US Dollar Rises To 10-Week Peak With Debt Ceiling Breakthrough, Rate Hike Buzz: Crucial House Vote Wednesday

By Piero Cingari

May 31, 8:38 AM

The U.S. dollar has soared to levels unseen since mid-March, fueled by encouraging progress on the debt ceiling deal and mounting expectations of impending Federal Reserve interest rate hikes.

UUP

4 minute read

US Stocks Set For Lower Open Ahead Of House Vote On Budget Deal — But Analyst Sees Outperformance This Year

By Shanthi Rexaline

May 31, 6:59 AM

U.S.

AAP

1 minute read

‘Rep. Chris Stewart Plans To Resign From Congress’ – Salt Lake Tribune

By Happy Mohamed

May 30, 1:42 PM

https://www.sltrib.com/news/politics/2023/05/30/rep-chris-stewart-plans-resign/ U.S. Rep. Chris Stewart plans to resign his seat in Congress, possibly as soon as this week. Multiple sources have confirmed to The Salt

SPY