Corporate news, financial markets, and economic trends
Oil prices increased the most in a week since February 2023 amid rising Middle East tensions during the week, centered on the conflict between Israel and Hezbollah. Concern about the conflict spilling over into other major oil producers, namely Iran, has fueled the instability, and that pushed oil futures significantly higher. Brent crude, the international…
The Federal Reserve decision to cut interest rates in 2024 has generated a lot of debate on how such might affect the wallet of car buyers. Though the move targets making borrowing cheap, car buyers may not feel the immediate impact for numerous reasons. How Slow Fed Rate Cuts Affect Markets The Federal Reserve does…
The Federal Reserve decision to cut interest rates in 2024 has generated a lot of debate on how such might affect the wallet of car buyers. Though the move targets making borrowing cheap, car buyers may not feel the immediate impact for numerous reasons. How Slow Fed Rate Cuts Affect Markets The Federal Reserve does…
The 2024 U.S. presidential election has catapulted cryptocurrency into the center of the political universe-aka “America’s crypto election.” Though only a little more than a decade old, the industry is unprecedentedly powerful in electoral politics. Once a decidedly niche issue, cryptocurrency is currently one of many touchstone issues for many voters, with its influence shaping…
Many Wall Street banks also foresee further gains for Pound Sterling against the US Dollar and the Euro, continuing its rally that has been among the big trends in currency markets so far in 2024. Such optimism is underpinned by a spate of encouraging macro factors, including the slowing pace of rate cuts by the…
It has been puzzling many that the Federal Reserve has cut interest rates lately, yet Treasury yields have been rising. Traditionally, when the Fed cuts the rate, bond yields, especially longer-term Treasuries, decline because the cost of borrowing falls and economic activity is expected to be sluggish. But that’s the opposite of what’s happening in…
Industrial profits in China had crashed by 17.8% in August 2023 compared to the same period last year, giving rise to many serious concerns over the successful recovery and stability of the country’s economy. This was despite experiencing a modest increase of 4.1% made in July that had given it some momentum for rejuvenation. The…
The carrier said it intends to greatly reduce its service and staffing from Hartsfield-Jackson Atlanta International Airport under a broad cost-cutting initiative that the Wall Street Journal today said was prompted by activist investor Elliott Investment Management. Over 200 flights per week in and out of Atlanta will be curtailed. The number of flights covered…
As Donald Trump prepares for possibly a second term in office, his economic policies have seen renewed interest—specifically his tough stance on trade. While much attention was directed toward China, observers point out that U.S. allies also have much at stake as Trump ups the ante on tariffs and uses his new unilateralist international trade…
The rate cuts by the Federal Reserve have been followed by recent record highs in the Dow Jones and S&P 500, an addition to the value of 401(k) portfolios. As the cost of borrowing decreases further, so do more chances of investing and growth for companies, bringing with it higher stock prices to benefit your…
