Economics Archives - Page 19 of 276

2 minute read

Unemployment Claims Surge More Than Expected, Hit 8-Month Peak: Dollar Falls As Traders Bet On Rate Cuts

May 9, 10:44 AM

Unemployment claims rose unexpectedly, signaling weakening labor market. This news caused US Dollar to drop and rate cut expectations to rise.

SPY

2 minute read

Bank Of England Signals Imminent Rate Cuts: ‘More Than Currently Priced Into The Market’

By Piero Cingari

May 9, 9:42 AM

Bank of England keeps interest rates unchanged at 5.25% in May meeting with split vote. Governor hints at potential rate cuts.

EWU

4 minute read

Wall Street Stares At Weaker Open On Rate Anxiety, Hopes For Better Earnings: Analyst Pencils Key S&P 500 Support Level

By Shanthi Rexaline

May 9, 7:27 AM

Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday.

ABNB

4 minute read

Biden Says He’s Already Turned Economy Around, Blames ‘Corporate Greed’ For Persistently High Inflation: ‘We’ve Got To Deal With It’

By Shanthi Rexaline

May 9, 5:49 AM

Despite negative perception among people regarding Bidenomics, the president launched a strong defense of his policy.

SPY

2 minute read

Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What’s Driving Wednesday’s Market?

By Piero Cingari

May 8, 1:26 PM

Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York.

ABNB

3 minute read

Wall Street Poised For Muted Open On Mixed Earnings, With More Fed Speeches In Store: Analyst Sees S&P 500 Crossing Late-March High

By Shanthi Rexaline

May 8, 7:13 AM

U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials.

ABNB

3 minute read

Elon Musk-Led Tesla’s Home Of Austin Is America’s Fastest-Growing City For Millionaires, But China’s Silicon Valley Proves More Prosperous For Ultra-Rich

By Shanthi Rexaline

May 8, 6:49 AM

The United States maintains its position as the world’s wealthiest country, boasting the highest number of cities with a significant population of resident millionaires, according to a recent report. Howev

BTC

2 minute read

Jim Cramer Advises Investors To Brace For Economic Slowdown, Shares Tips To Maintain Balanced Portfolio: ‘I’m Not Telling You To Relax’

By Benzinga Neuro

May 8, 2:26 AM

Jim Cramer, the host of CNBC's "Mad Money," has warned investors about the current state of the economy and suggested strategies to navigate the challenging period.

AAPL

2 minute read

Pro-Bitcoin President Javier Milei’s Argentina Introduces 10,000-Peso Notes As It Combats Hyperinflation, Currency Collapse

By Kaustubh Bagalkote

May 7, 11:56 PM

To address severe inflation and currency devaluation, Argentina under President Javier Milei, known for his pro-Bitcoin (CRYPTO: BTC) stance, has introduced 10,000 peso notes. The new bills, worth approximately $11, are expected to alleviate the burden of carrying large amounts of cash.

BTC

2 minute read

Immigration Rebound Helps Solve US Inflation Puzzle: Goldman Sachs

By Piero Cingari

May 7, 1:47 PM

U.S. immigration rebound stabilizes wages and inflation. The large influx of low-wage labor helped fill shortages.

FVRR