Economics Archives - Page 27 of 276

2 minute read

‘Senator Presses Attorney General Garland On Marijuana Banking Bill’s Impact On Criminal Investigations’ – Marijuana Moment

April 17, 1:12 PM

https://www.marijuanamoment.net/senator-presses-attorney-general-garland-on-marijuana-banking-bills-impact-on-criminal-investigations/A Democratic senator on Wednesday pressed Attorney General Merrick Garland about a

ACB

3 minute read

Real Estate Stocks Fall As Mortgage Rates Rise To 4-Month Highs: ‘Inflation Is Proving Tougher To Bring Down’

By Piero Cingari

April 17, 11:23 AM

Real estate stocks drop due to poor housing data and high mortgage rates, with concerns for sector's future. Rates highest since December 2023.

EGP

3 minute read

Reported Earlier, “U.S. Signals Venezuela Oil Sanctions Relief At Risk As Deadline Looms” – Reuters News

By Benzinga Newsdesk

April 17, 10:04 AM

https://www.reuters.com/markets/commodities/us-signals-venezuela-oil-sanctions-relief-risk-deadline-looms-2024-04-17/ The Biden administration has signaled that it could reimpose oil sanctions on Venezuela on

SPY

3 minute read

Biden To Announce Tariff Hikes On Chinese Steel, Aluminum Imports: Another ‘Hit To Real Income And Consumer Spending,’ Economist Cautions

By Piero Cingari

April 17, 9:22 AM

President Biden to propose 25% tariffs on Chinese steel and aluminum, targeting unfair trade practices and protecting US manufacturing jobs.

3 minute read

Wall Street Poised To Rebound From Slump As Earnings Optimism Grows: Analyst Eyes This S&P 500 Level As Attractive Entry Point

By Shanthi Rexaline

April 17, 7:09 AM

U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers pointed out there could be an inflection from the second half of April, with earnings potentially serving as an upside catalyst.

2 minute read

China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M

By Benzinga Neuro

April 17, 4:53 AM

The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills.

AAPL

2 minute read

Jerome Powell Back In Hawkish Policy Lane? Why Economists Feel Fed’s ‘Higher For Longer’ Narrative Hasn’t Changed: ‘Markets Need To Focus On The Fact That…’

By Shanthi Rexaline

April 17, 3:25 AM

Powell stated on Tuesday that a prolonged period of restrictive monetary policy may be necessary, refraining from offering explicit guidance on a rate-cutting strategy.

IEF

2 minute read

Financial Stocks Fall After Earnings, Major Banks Notch 4-Day Losing Streak: Regional Banks Hit Lowest Level Since Late 2023

By Piero Cingari

April 16, 4:18 PM

US financial stocks fall amid subdued sentiment, regional banks test moving average support levels. Bank of America, Morgan Stanley report strong Q1 earnings beating expectations.

BAC

2 minute read

Powell Delays Fed Rate Cuts—’We Need Greater Confidence In Inflation’; 2-Year Yields Spike To 5%

By Piero Cingari

April 16, 2:19 PM

Powell: Inflation progress stalled, Fed delays easing. He states current policy is appropriate, but could lower rates if labor market weakens.

GLD

2 minute read

Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What’s Driving Markets Tuesday?

By Piero Cingari

April 16, 1:28 PM

Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran.

BAC