FOMC May Meeting: Stagflation, Presidential Election Could Put The Fed In A Bind
Stagflation and the presidential election could put the Federal Reserve in a difficult position at this week's Federal Open Market Operations Committee (FOMC) meeting.
Why Information Asymmetry Slices 30% Off Family Fortunes
Information asymmetry could chip away at $310,000 from every $1 million in family wealth, posing a hidden challenge within families on the road to financial success. How can this be prevented?
Alphabet And Microsoft Bring Technology Momentum Back — Will It Last?
The S&P 500 closed at 5,099.96, up 2.70% for the week; the Dow Jones at 38,239.66, up 0.70%; the tech-heavy Nasdaq at 15,927.90, up 4.2%%.
Yen Rebounds After Hitting 34-year Low Past 160 Per Dollar
It touched 160.17 in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step in to support their currency for the first time since 2022. But it briefly bounced to 155.05, with Bloomberg reporting that the move suggested investors were weighing the prospect that officials would step in.
Insight
More news
Milei Announces Argentina's First Budget Surplus In 16 Years
Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement."
Inflation For Basic Consumer Goods Is Easing — What It Means For The Fed
Inflation for branded essential consumer goods is easing, helping slow down the rising cost of living that has undermined household budgets nationwide, according to Procter & Gamble Company's (P&G) third-quarter earnings report released last Friday.
Bitcoin, ASML, TSMC, And Netflix Take Wall Street For A Wild Ride
Bitcoin "halving," and earnings from ASML Holding, Taiwan Semiconductor Manufacturing Co, and Netflix took Wall Street for a wild ride last week, with the CBOE Volatility Index spiking close to 25%.
Trading Titans Clash As AfriMarkets Snags FSCA License
Nestled in the heart of Cape Town (registration number 2022/734726/07), AfriMarkets is gearing up to revolutionize the game with its strategic hook-up with a third-party liquidity provider.
Why Insurance Prices Have Skyrocketed
Consumer price data released by the U.S. Bureau of Labor Statistics (BLS) shows that car insurance premiums rose at a whopping annual rate of 22.2% in March, well above the 3.5% rise in the Consumer Price Index (CPI).
'We Are Not Fed-dependent,' ECB Chief Says On Rate Cuts
European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent."
What Will The Fed Do With The Latest Inflation Numbers?
According to the Consumer Price Index (CPI), a broad measure of the average change over time in the price of a market basket of consumer goods and services, inflation headed in the wrong direction again in March, up rather than down.
Chinese Economy Beats Growth Expectations In First Quarter
Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.
Insufficient Data Hinders Understanding of Asian American Pacific Islander (AAPI) Communities
Until now, existing data has combined the mosaic experiences of the AAPI communities into a single data point, disregarding the cultural and historical diversity among Asian Americans.
US Retail Sales Up More Than Expected In March
Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand.
Bitcoin And Stocks Under Pressure On Rising Interest Rates And Geopolitical Risks
The digital currency hovered around $70,000 most of the week. But it had a tumultuous weekend, falling below $62,000 Saturday before heading back toward $65,000 Sunday morning.
China Economy Seen Slowing In First Quarter On Housing, Consumer Woes
China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.
Wall Street Today: Stocks Tumble Friday As Inflation Concerns Persist
U.S. stocks nose-dived during early trading Friday as major banks kicked off a disappointing start to their earnings season.
US Airlines, Unions Urge Biden Administration To Stop Additional Flights To China
Several major U.S. airlines and certain unions have called on the Biden administration to halt approval for additional flights connecting the United States and China, citing what they term "anti-competitive" measures imposed by China against U.S. carriers.
Blue Owl Eyes $5 Trillion Real Estate Market, Secures Prima In $170 Million Deal
Blue Owl Capital's acquisition of Prima Capital Advisors for $170 million marks its entry into real estate finance.
Wholesale Inflation Moderates in March, Easing Concerns
March's Producer Price Index (PPI) climbs by 0.2%, falling short of estimates, signaling potential relief from inflationary pressures.
Jack Ma Breaks Silence, Endorses Alibaba's Restructuring Efforts
Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.
Inflation Surges To 3.5%: Persistent Price Pressures Test Economic Resilience
The latest CPI report for March unveils a sharp uptick in inflation to 3.5%, posing a significant test to the resilience of the economy.
Stretched Valuations, Interest Rate Expectations, Make Stocks Vulnerable To Sell-offs
Stretched valuations and diminished expectations of interest rate cuts make U.S equities vulnerable to sell-offs, David Bahnsen, chief investment officer of The Bahnsen Group, said.
Costco's Golden Opportunity: How The Retail Giant Captured The Bullion Market
Costco's venture into gold sales has become a roaring success, with analysts estimating monthly revenues soaring to $200 million.
HSBC To Offload Argentina Business, Absorbs $1 Billion Loss on Exit Deal
HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.
Trump Media Shares Plummet Amid Criticism From Barry Diller; Trump's Net Worth Takes A Hit
Trump Media witnesses a significant drop in share prices, shedding over 10% following doubts about revenue generation and sustainability.
JPMorgan Chase CEO Warns Inflation Could Stay High
Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.
Jamie Dimon Champions Artificial Intelligence As A Major Game-Changer
Jamie Dimon, CEO of JPMorgan Chase, highlights AI's transformative potential in his annual letter to shareholders.
US 'Will Not Accept' Flood Of Below-cost Chinese Goods: Yellen
Yellen has repeatedly warned about the risks of China's excess industrial capacity during four days of meetings with officials and business leaders in the southern city of Guangzhou and capital Beijing.
Gold Shines, Bitcoin, Stocks Search For Direction Amid Volatility On Wall Street—What Is Next?
One catalyst behind Wall Street's heighten volatility during the week was higher oil prices, growing Middle East tensions, and more robust economic data from China early in the week.
ECB Tipped To Pause One Last Time Before June Rate Cut
The Frankfurt-based institution has left its key rates unchanged since October 2023, following an unprecedented streak of hikes to tame red-hot inflation.
Alphabet Contemplates HubSpot Acquisition: Implications For Antitrust Regulations And Market Dynamics
Alphabet's potential acquisition of HubSpot prompts market speculation on antitrust concerns and strategic implications.
Amazon's Financial Boom: Will Shareholders Reap The Benefits?
Amazon's surge in free cash flow prompts speculation on potential shifts in its capital-return strategy, as analysts anticipate enhanced shareholder rewards.
Insider Trading Alert: Brothers Confess To Illicit Profits In Trump Media's Public Debut
Michael and Gerald Shvartsman admit to insider trading, casting shadows over Trump Media's public listing and sparking legal turmoil.
Pages
- MOST READ IN Economy & Markets
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
Will He Resign Or Not? Spain Awaits PM's Decision
-
Olympic Deal Shows Bubbling Market For Zero-alcohol Beers
-
Migrants Eyeing Europe Bide Their Time In Tunisia
-
Fed's Favored Inflation Measure Accelerates, Dimming Rate Cut Hopes
-
Barking Mad? Milei's Attachment To 'Dead' Dog Raises Sanity Worries
-
Microsoft Expands Its AI Empire Abroad
-
Oil: 'Mother Of Corruption' In Venezuela
-
'Extreme' Climate Blamed For World's Worst Wine Harvest In 62 Years
-
Macron Warns 'Mortal' Europe Needs Credible Defence
-
Bitcoin And Crypto Price Review - Another Myth Gets Busted?
