The SPY Breaks Bullishly Following Biden’s Debt Ceiling Remarks: Quick Take Technical Analysis
The SPDR S&P 500 (NYSE: SPY) was surging over 1% higher on Wednesday after President Joe Biden said lawmakers will reach an agreement before the U.S.
Is ChatGPT A Better Financial Advisor? Edition 2: The First Week Is In
In Benzinga’s last installment, a novel experiment was introduced where we put OpenAI’s ChatGPT to the test in…
Biden Says US Will Not Default Before Leaving For G7 Meeting; GOP Senator Says White House Playing ‘Russian Roulette’ With Economy
The U.S. will not default on its debt as it faces a deadline to increase its borrowing limit and will not default in the future, President Joe Biden said in a White House speech Wednesday before departing for a G7 meeting in Japan.
US Dollar Hits 5-Week Peak As Debt Ceiling Concerns Drive Treasury Yields Upwards
The U.S. dollar has risen to its highest level in more than five weeks, with the U.S.
Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 ‘Contrarian’ Trades To Watch
A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth.
Buy The Dip? New Valkyrie ETF Could Have BTFD Ticker And Appeal To Bitcoin Investors
One of the most popular phrases in the world of investing in stocks and crypto could become a stock ticker for a new Bitcoin ETF. Here are the details.
House Speaker McCarthy Says ‘Further Conversations’ On Debt Ceiling Necessary, Opening Up More Talks This Week
"Negotiators are still far apart" but a deal by the end of the week is "feasible", House Speaker Kevin McCarthy (R-CA) said following a debt-meeting summit with President Joe Biden and other key lawmakers on Tuesday.
Failed US Bank CEOs Claim To US Senate Committee That Banks Were Highly Liquid, Risk Management Was In Place
Former executives from bankrupt Silicon Valley Bank and Signature Bank sought to explain the sequence of events that led to the two banks' failures in March before the Senate Banking, Housing and Urban Affairs Committee on Tuesday.
Fed Officials Curb Investor Enthusiasm, Caution Against Anticipated Rate Cuts
Recent statements from Fed members have been more hawkish than expected, dampening the market's enthusiasm for a rate-cutting cycle to begin later this year.