Magnificent 7 Tumble, Wipe Out $300 Billion On Meta’s Weak Guidance, Q1 Stagflation Woes
Tech stocks plummet as Magnificent 7 giants lose $303B in market value. Meta Platforms issues weak guidance, GDP growth slows and inflation rises.
US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation: ‘The Worst Possible Outcome For The Fed’
US economy disappointed in growth, but inflation exceeded predictions, causing stagflation. Experts warn of negative impact on economy & markets.
US Economy Grows 1.6% In Q1, Slightly Below Expectations As Price Pressures Weigh On Spending
The U.S. economy grew in the first quarter of the year, albeit at a markedly slower pace compared to the final quarter of 2023.
Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns ‘Federal Debt Blob Is Out Of Control’
U.S. Treasury yields continue to rise, impacting mortgage market and economy. Bond ETFs down, mortgage rates highest since 2023, federal deficit concerns.
“Former President Trump’s $175M Civil Fraud Bond Approved By New York Judge” – Axios
https://www.axios.com/2024/04/22/trump-bond-hearing-new-york-civil-fraudThe $175 million bond former President Trump posted to appeal the $364 million judgment against him in his civil fraud case meets legal standards,
Peter Schiff Warns Against Piling ‘Risk Assets’ Like Tech Stocks And Bitcoin Amid Inflation Concerns: ‘Investors Should Be Buying Gold’
Renowned economist Peter Schiff expressed his views on the current market dynamics and vouched for buying gold over Bitcoin (CRYPTO: BTC) and tech stocks.
Canada’s Capital Gains Tax Rate Jumps To 67%: ‘Highly Indebted Western Governments Have Promises To Keep, Wars To Fund,’ Strategist Says
Canada is the nation with the world's highest capital gains tax rate, significantly surpassing Denmark's second-place rate of 42%.
“Israel Retaliates As Missiles Strike A Site In Iran, US Officials Say” – ABC News
https://www.reuters.com/world/middle-east/israeli-missiles-hit-site-iran-abc-news-reports-2024-04-19/ A U.S. official confirmed to ABC News Israeli missiles have hit a site in Iran.The official could not confirm
“The U.S. Just Changed How It Manages A Tenth Of Its Land; The Interior Department Rule Puts Conservation And Clean Energy Development On Par With Drilling, Mining And Resource Extraction On Federal Lands For The First Time” – The Washington Post
https://www.washingtonpost.com/climate-environment/2024/04/18/biden-public-lands-conservation-rule/ For decades, the federal government has prioritized oil and gas drilling, hardrock mining and livestock grazing on
Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What’s Driving Markets Wednesday?
A sentiment of risk aversion looms over the markets during Wednesday’s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by geopolitical and economic risks.