Economics Archives - Page 20 of 276

2 minute read

“FDA Expert Committee Will Review MDMA-Assisted Therapy For PTSD Next Month” – Marijuana Moment

May 7, 11:54 AM

https://www.marijuanamoment.net/fda-expert-committee-will-review-mdma-assisted-therapy-for-ptsd-next-month/The Food and Drug Administration (FDA) is taking the next step in its historic review of MDMA-assisted therapy

CMPS

3 minute read

Wall Street Stutters After Disney, Palantir Earnings Frustrate: Apple Event, Hawkish Fed Speech In Focus While Analyst Insists ‘Bull Market Is Back’

By Shanthi Rexaline

May 7, 7:26 AM

The recent market recovery shows signs of a slight falter. Index futures indicate a mixed open on Tuesday.

AAPL

2 minute read

Warren Buffett Was Right! America’s Billionaires Now Pay Lower Tax Rate Than Working Class For First Time Ever, New Analysis Shows

By Shanthi Rexaline

May 7, 6:20 AM

According to economist Gabriel Zucman, the effective tax rate of the 400 richest Americans in 2018 was 23%, slightly lower than the 24% rate for the bottom half of income earners.

SPY

2 minute read

How China’s Central Bank Gold Buying Frenzy Drove Prices To Record Highs, Attracting Gen Z To ‘Gold Beans’

By Piero Cingari

May 6, 1:14 PM

China's gold acquisitions drive global prices to record highs in April 2024. Cultural and economic factors play a significant role in the country's demand for gold.

BABA

4 minute read

“Florida GOP Formally Opposes Marijuana Legalization Ballot Initiative, Clearing Path For DeSantis To Fund ‘Counter Message’ Campaign” – Marijuana Moment

By Benzinga Newsdesk

May 6, 10:54 AM

https://www.marijuanamoment.net/florida-gop-formally-opposes-marijuana-legalization-ballot-initiative-clearing-path-for-desantis-to-fund-counter-message-campaign/The Florida Republican Party has officially come out

ACB

2 minute read

Why Veteran Wall Street Investor Believes We’re Still In A Bull Market

By Piero Cingari

May 6, 9:43 AM

Wall Street veteran Ed Yardeni sees continued growth potential in a bull market, supported by a more cautious Fed, positive earnings, and reduced market volatility.

QQQ

3 minute read

Wall Street Looks To Extend Rally Amid Caution Over Fed Speeches, More Earnings: Why This Analyst Thinks Bull Market Is Still ‘Quite Young’

By Shanthi Rexaline

May 6, 7:09 AM

U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022.

AAPL

2 minute read

Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market

By Piero Cingari

May 3, 4:15 PM

The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.

AAPL

2 minute read

Fitch Ratings Says ‘U.S Credit Momentum Will Be Tempered By Rate Uncertainty’

By Benzinga Newsdesk

May 3, 3:57 PM

https://www.fitchratings.com/research/banks/us-credit-momentum-will-be-tempered-by-rate-uncertainty-03-05-2024 Fitch Ratings-New York-03 May 2024: Interest rates remain a key risk for U.S. credit following a strong

SPY

4 minute read

U.S. DoT Releases Final Rules To Lower Consumer Costs, Continue U.S. Manufacturing Boom In Batteries And Clean Vehicles, Strengthen Energy Security; Secretary Yellen Says “The Inflation Reduction Act’s Clean Vehicle Credits Save Consumers Up To $7,500…

By Benzinga Newsdesk

May 3, 1:44 PM

https://home.treasury.gov/news/press-releases/jy2323Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules on the clean vehicle provisions of the Inflation Reduction Act (IRA)