Economics Archives - Page 2 of 276

3 minute read

Wall Street Set For Cautious Start After Record Run Last Week — Fed Speeches, Manufacturing Data In Focus: Expert Flags This As Key Catalyst For Stocks

June 17, 7:35 AM

U.S. stocks are gearing up for a cautious start following last week’s record run, with the index futures currently showing mixed sentiment. Tech stocks could extend the strength but it remains to be seen if that pervades into the broader market.

ADSK

2 minute read

China Keeps Interest Rates Unchanged Amid Economic Uncertainty To Stabilize The Yuan And Manage Liquidity

By Benzinga Neuro

June 17, 12:09 AM

In a recent note, analysts at Bernstein have projected that the price of Bitcoin will surge to $500,000 by 2029, driven by the increasing demand for Bitcoin ETFs.

BTC

2 minute read

Mortgage Rates Fall For Second Straight Week In Response to Positive Economic Data

By Michael Juliano

June 14, 4:31 PM

Mortgage rates dropped for a second week in a row. Thirty-year fixed-rate average was 6.95%, down from 6.99% last week.

FMCC

2 minute read

Inflation Cools In May, Fed Hints At Slower Pace Of Rate Cuts, Stocks Hit New Record Highs: This Week In The Market

By Piero Cingari

June 14, 4:06 PM

Wall Street resilient as tech stocks reclaim dominance with record highs for S&P 500 and Nasdaq 100, driven by tech giants like Apple, Nvidia, and Microsoft. Fed's updated projections and cooler inflation reports contribute to hopes for rate cuts. Broadcom's AI chip demand boosts stock, while Apple's WWDC 2024 innovations lead to higher iPhone sales projections. Economist declares victory over inflation, while GameStop stock surges.

AAPL

2 minute read

Stocks Ease, Tech Rises, Bonds Eye Strongest Week Of The Year As Consumer Sentiment Sinks In June: What’s Driving Markets Friday?

By Piero Cingari

June 14, 2:16 PM

Wall Street is set for a subdued session on Friday as risk sentiment wanes due to low U.S. consumer confidence and rising political uncertainties in Europe.

ADBE

3 minute read

‘Apple Set To Be First Big Tech Group To Face Charges Under EU Digital Law; Brussels To Announce iPhone Maker Is Failing To Adhere To New Rules Designed To Open Up Its App Store To Competition’ – Financial Times

By Benzinga Newsdesk

June 14, 11:34 AM

https://www.ft.com/content/31a996d5-b472-4357-953e-ace078494604Brussels is set to charge Apple over allegedly stifling competition on its mobile app store, the first time EU regulators have used new digital rules to

AAPL

2 minute read

Consumer Sentiment Tumbles In June, Reaches 7-Month Low: ‘High Prices As Well As Weakening Incomes’ Raise Concerns

By Piero Cingari

June 14, 10:30 AM

Preliminary data shows US consumer confidence dropped in June, reaching lowest point in 7 months. Inflation expectations stayed unchanged.

IWM

2 minute read

French Stocks Set For Worst Week Since Russia’s War In Ukraine, Yields Versus Bund Hit 12-Year Highs On Snap Election Jitters

By Piero Cingari

June 14, 9:16 AM

The French stock market is on track to register its worst weekly performance since late February 2022.

EUFN

3 minute read

US Stocks To End Record-Clinching Week On Subdued Note, GameStop Slides, Adobe Soars: Fed Speeches And More To Watch Heading Into Friday

By Shanthi Rexaline

June 14, 7:44 AM

The market could pause in the final trading session of the week following its record run, facilitated by tamer-than-expected inflation data. The major index futures were moderately lower in early trading. Adobe Inc.

ADBE

2 minute read

‘Big Short’ Famed Investor Steve Eisman Dismisses Recession Fears, Cites US Economy’s ‘Story-Time’ As Proof Of Strength

By Benzinga Neuro

June 14, 7:03 AM

Renowned investor Steve Eisman has expressed confidence in the stability of the US economy, dismissing fears of an impending recession.

AAPL