Economics Archives - Page 163 of 276

1 minute read

‘GOP Rep. George Santos Charged With Money Laundering, Fraud, Theft’ – CNBC

May 10, 9:47 AM

https://www.cnbc.com/2023/05/10/gop-rep-george-santos-criminally-charged-with-money-laundering-fraud-theft-and-making-false-statements.html Rep. George Santos, R-N.Y., was charged by federal prosecutors for an array

SPY

2 minute read

CPI Inflation Slows To 4.9% In April, Fueling Market Hopes Of Fed Rate Pause In June

By Piero Cingari

May 10, 8:51 AM

The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year in April, slightly below the 5% increase seen in March and the 5% forecasted by economists.

SPY

3 minute read

Nasdaq, S&P 500 Futures Slip Ahead Of Inflation Data — But Analyst Hints It Still Might Be Ok To Be Bullish

By Shanthi Rexaline

May 10, 6:59 AM

Inflation jitters are weighing down on index futures, which point to a nervous start by Wall Street stocks.…

ABNB

2 minute read

Citigroup Global Markets’ Economist Says 2 More Rate Hikes Lined Up: ‘We Think The Fed’s Not Done Until July’

By Bhavik Nair

May 10, 4:06 AM

Johanna Chua, chief APAC economist at Citigroup Global Markets, reportedly said inflation is likely to be quite persistent…

QQQ

2 minute read

Stanley Druckenmiller Says Economy On Brink Of Recession: ‘Naive Not To Be Open-Minded To Something…Really Bad Happening’

By Bhavik Nair

May 9, 11:29 PM

Stanley Druckenmiller, prominent hedge fund investor and billionaire founder of Duquesne Family Office, thinks the U.S. economy is…

MSFT

2 minute read

How To Trade US CPI: The Top 5 Mega-Cap Gainers And Losers Following Last 3 Inflation Reports

By Piero Cingari

May 9, 12:42 PM

Investors are eagerly awaiting the U.S. inflation statistics for April, which will be announced on Wednesday at 08.30 a.m. ET, before the start of trading on Wall Street.

AMZN

2 minute read

Fed Chair Jerome Powell Grapples With Record Low Confidence Levels Amid Escalating Financial Worries

By Piero Cingari

May 9, 10:45 AM

American citizens' trust in Federal Reserve Chair Jerome Powell has reached an all-time low, dipping below the trust levels of any other Fed Chair in history, according Gallup survey released Tuesday. The data comes at a time when insurance costs for U.S.

GLD

2 minute read

Debt Ceiling Standoff Propels US Treasury Default Insurance Costs To Highest Levels Since 2009

By Piero Cingari

May 9, 9:12 AM

The cost of insurance against the risk of a United States sovereign debt default reached its highest level since 2009 on Tuesday, as the protracted debt-ceiling impasse continued to keep markets on tenterhooks.<

GOVT