Is China Going Into Recession? Country’s Tiny Inflation Rate Has Economists Worried Of A Japanese-Style Doom Loop
As the U.S. continues to struggle with higher-than-ideal levels of inflation, China is facing the opposite problem. Wednesday’s…
Unemployment Claims Rise, Highest Since October 2021: Signs Of Cracks In The Job Market
The number of Americans registering for unemployment benefits in the week ending May 6 rose by 22,000 to 264,000, above the expected 242,000, the U.S. Labor Department reported Thursday.
Cathie Wood’s Flagship ARK ETF Marks 5-Day Winning Streak, Outperforming Nasdaq, FAANG In May
Cathie Wood's flagship fund Ark Innovation ETF (ARCA: ARKK) marked a five-day winning streak on Wednesday for the first time since January, as a lower-than-expected U.S.
US Producer Prices Rise Less Than Expected In April, Cementing Hopes Of Fed Hold In June
The Producer Price Index (PPI) for final demand rose 0.2% month-over-month in April, rebounding after the revised 0.4% drop in March but coming in below the expected 0.3% increase, the U.S. Bureau of Labor Statistics reported Thursday.
Cathie Wood Makes Whopping $43M Stock Purchase In Palantir Technologies – Also Buys This Communication Stock
Cathie Wood-led ARK Investment Management loaded up a whopping stake in Palantir Technologies Inc (NYSE:PLTR) after the company…
Biden Condemns GOP For ‘Holding The Economy Hostage’ Amid Debt Ceiling Crisis, Says US Default Not An Option
President Joe Biden addressed the debt ceiling crisis on Wednesday, stating that Republicans are "holding the economy hostage," by threatening a default on U.S. debt.
Is ChatGPT A Better Financial Advisor? We’re Going To Find Out
In the realm of artificial intelligence, OpenAI’s ChatGPT has been making waves with its astounding ability to generate…
Unraveling Treasury Yield Curve: 5 Charts Depicting Haywire Shifts In The Debt-Ceiling Crisis
The Treasury yield curve has witnessed substantial volatility in recent weeks as a result of multiple shocks, mostly related to Fed interest rate expectations, the dangers of a recession, and the consequences resulting from the debt-ceilin
5 Economists On April Inflation Data: CPI Number Has Experts Joining Fed Pause Bandwagon
The latest inflation report for April released Wednesday revealed the 10th consecutive decline in the annual CPI rate, which fell from 5% to 4.9%, falling short of expectations for a 5% reading.