Dollar Dumps In November As Fed Rate Cut Optimism Increases
Dollar index falls 3.1% last month, while the S&P 500 stock index climbs 8.9%
Cathie Wood’s Ark Invest Continues to Jettison Coinbase Shares As Anticipation Builds Around Approval of Bitcoin Spot ETF
On Thursday, Cathie Wood-led Ark Invest made a significant move by selling a substantial amount of Coinbase Global Inc (NASDAQ:COIN) shares.
Will SEC’s Comment Period On Fidelity’s Spot Ethereum ETF Application Lead To Regulated Investment Options?
The U.S. Securities and Exchange Commission (SEC) opened a forum for the public to comment on a proposed rule change that could allow asset management firm Fidelity to offer shares of its spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF).
This Month’s Top-Performing ETFs: Politics, Fed Rate Cut Hopes Ignited 30%-Plus Rally In These Two Funds
Explore the top-performing ETFs in November 2023 were over potential Federal Reserve rate cuts amid cooling inflation and dovish remarks.
Mortgage Rates Decline For Fifth Week In A Row: ‘Encouraging Development For Potential Homebuyers’
The average mortgage rate for a 30-year loan fell to 7.22%, down from 7.29% last week, said securities broker Freddie Mac.
What COP28 Says About Geopolitics, U.S.-UAE Relations And The Fate Of The Oil Sector
The BBC reported that the UAE is planning to use its role as COP28 host "as an opportunity to strike oil and gas deals."
S&P 500, Nasdaq Slip As Tech Underperforms, Oil Reacts to OPEC+: What’s Driving Markets Thursday?
Thursday’s trading session on Wall Street presents a mixed picture, characterized by notable fluctuations in major indices. While tech-heavy benchmarks like the S&P 500 and the Nasdaq 100 are experiencing declines, blue-chip stocks and small caps are treading the path of marginal gains.
Beyonce’s “Renaissance Tour” Sparks Skin-Deep Controversy, Tina Knowles Hits Back At “Bozos” As Concert Film Debuts In AMC Theatres
Ahead of Beyonce’s "Renaissance Tour" opening, Tina Knowles, the superstar’s mother, took to Instagram to lash out at those who disparaged her daughter’s appearance at Saturday’s Los Angeles premier
Chilling 2024 S&P 500 Outlook: Why JPMorgan Analysts Project Nightmare Scenario For Stocks
JP Morgan is bearish on the US stock market in 2024, predicting an 8% drop. They point to rich valuations, aging cycle, restrictive monetary policy, geopolitical risks, and rising debt costs as factors that could contribute to the decline.
We Are Now At The ‘Soft Landing’: Economists, Markets React To Subdued PCE Inflation Data
The PCE inflation rate eased from 3.4% to 3% in Oct., returning to June 2023 levels. Traders expect a 77% likelihood of a rate cut by May 2024, with mixed market reactions.