Macro Economic Events Archives - Page 29 of 129

2 minute read

Former Morgan Stanley CEO James Gorman Says Bitcoin Is Not A ‘Fad’: ‘I Just Don’t Think It’s A Core Investment’

January 5, 12:27 AM

The former CEO of Morgan Stanley, James Gorman, recently shared his perspective on Bitcoin (CRYPTO: BTC), the banking sector and the economic landscape.

BTC

3 minute read

Interest Rates Unlikely To Fall Soon: Bond Guru Projects 10-Year Yields Spiking To 5.5% In 2024

By Piero Cingari

January 4, 7:09 PM

Jim Bianco projects 10-year Treasury yield to reach 5.5% in 2024 due to a hawkish Fed approach and resilient economy.

UTEN

4 minute read

“DEA Confirms That Psychedelic Mushroom Spores Are Federally Legal Prior To Germination” – Marijuana Moment

By Benzinga Newsdesk

January 4, 12:41 PM

A top Drug Enforcement Administration (DEA) has affirmed that spores that produce so-called magic mushrooms are not, on their own, federally prohibited.DEA's Drug & Chemical Evaluation Section Chief Terrence Boos was

CMPS

2 minute read

Bill Ackman’s Pershing Square Rebounds In 2023, Surpassing S&P 500 Gains

By Surbhi Jain

January 4, 11:09 AM

Billionaire investor Bill Ackman's Pershing Square Capital Management made a 26.7% return in 2023, outperforming S&P 500's 24.2% gain.

CMG

3 minute read

‘Mild Recession’ To Hit Homebuilders, Auto Stocks In Second Half Of 2024, Analyst Says

By Neil Dennis

January 4, 10:17 AM

Cooling labor markets and slowing consumer activity point to 'mild recession' in the second half of 2024.

DAN

4 minute read

“DEA Tells Congress It Has ‘Final Authority’ On Marijuana, Regardless Of Health Agency’s Schedule III Recommendation” – Marijuana Moment

By Benzinga Newsdesk

January 3, 3:46 PM

https://www.marijuanamoment.net/dea-tells-congress-it-has-final-authority-on-marijuana-regardless-of-health-agencys-schedule-iii-recommendation/The Drug Enforcement Administration (DEA) is telling lawmakers that it

ACB

2 minute read

US Manufacturing Takes A Hit: Longest Downturn Since Early 2000s, Yet Exceeds December Predictions

By Piero Cingari

January 3, 12:18 PM

US manufacturing sector contracts for 14th month, longest slump since 2000-2001. Production stabilized, but orders, employment & inventories still contracting.

SPY

2 minute read

Soft Landing? Don’t Bet On It Just Yet: Fed’s Barkin Indicates Further Rate Hikes Possible

By Piero Cingari

January 3, 11:49 AM

Richmond Federal Reserve President Tom Barkin delivered a mixed message about the U.S. economy in his recent speech,…

IWM

1 minute read

“Maersk Will Pause All Shipping Transit Through The Red Sea And Gulf Of Aden Until Further Notice After One Of Its Vessels Came Under Attack From Militants Over The Weekend” – CNBC

By Benzinga Newsdesk

January 2, 12:16 PM

https://www.cnbc.com/2024/01/02/maersk-halts-red-sea-shipping-until-further-notice-after-houthi-militant-attack.htmlMaersk will pause all shipping transit through the Red Sea and Gulf of Aden until further notice after

EIS

2 minute read

WTI Crude Oil Prices Soar On New Year’s Kickoff As Tensions Escalate In Red Sea Between US, Iran

By Piero Cingari

January 2, 10:29 AM

WTI crude oil prices surpassed $73 per barrel — a rally directly tied to escalating tensions in the Red Sea.

AMKBY