The Federal Reserve is poised to announce its rate hike decision today at 2 p.m. Eastern time, followed by Fed Chair Jerome H. Powell’s news conference at 2:30 p.m. where he is likely to face questions about plans for interest rates, recession odds, and inflation trajectory, especially in key categories that show limited progress. Besides…
Hong Kong stocks declined for a second consecutive day as investors awaited US inflation data and progress on debt-ceiling talks, dampening market sentiment. State-owned Chinese lenders, including Bank of China and ICBC, were among the major losers as traders engaged in profit-taking activities. According to Bloomberg, US consumer prices are expected to rise by 5…
The price of gold started the week by falling to a two-month low, as concerns about the US debt ceiling subside while US yields are increasing. Over the past few weeks, Treasury yields have been steadily rising across the yield curve, particularly at the shorter end. On Friday, the benchmark 2-year bond reached above 4.60%,…
Netflix (NFLX) stock experienced an increase on Wednesday as investors reacted to the news of the streaming video giant’s expanded efforts to crack down on rampant account sharing. The popular internet television network began sending emails to its U.S. members on Tuesday, notifying them about account sharing outside of their households. Netflix is now offering…
Washington is currently facing the challenge of reaching a debt-ceiling deal before the approaching deadline of June 1. The potential consequences of a failure to reach an agreement are being actively discussed and debated. The immediate economic impact of a true default, which would be a first in American history, remains uncertain. Negotiators are still…
China has imposed a ban on Micron’s products in key infrastructure, citing security risks. The move marks the country’s first major action against an American semiconductor group. The Cyberspace Administration of China (CAC) announced on Sunday that Micron, the largest US memory chip maker, posed significant security risks to China’s critical information infrastructure supply chain….
Hedge funds’ unprecedented bearish bets on oil futures are raising alarms about a possible US recession. The increasingly negative sentiment surrounding oil prices has sparked concerns among investors and analysts, who closely monitor these indicators as signals of broader economic trends. Bloomberg provides valuable insights into the current state of the economy and its impact…
In a surprising announcement, James Gorman has revealed his decision to step down from his position as CEO of Morgan Stanley, one of the world’s leading financial institutions. This unexpected leadership change has generated significant interest and speculation regarding the impact it may have on the future direction of the company. During Gorman’s tenure, Morgan…
Disney’s plans to construct a new office complex in Florida and relocate a division from California have been scrapped, resulting in the loss of over 2,000 potential jobs. The decision comes as Disney and Governor Ron DeSantis continue their public disagreement. In a recent conference call, Disney CEO Robert A. Iger referred to Gov. DeSantis…
The best ways to make money online. Here are a few popular ways to make money online: 1. Make money online with Freelancing: Offer services such as writing, programming, graphic design, and consulting. Freelancing is the practice of offering services as an independent contractor, rather than as an employee. Freelancers typically work on a project-by-project…
