Jaap Arriens | NurPhoto | Getty Images Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to $50,334.00, its highest level since December 2021. Ether was higher … Read more
2023-11-01 13:34:51 US Federal Reserve Chairman Jerome Powell holds a press conference in Washington, DC, on September 20, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants things for … Read more
2023-07-29 02:55:56 The Bank of Japan headquarters in Tokyo. Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the yen whipsawing against … Read more
2023-07-13 12:37:39 A Now Hiring sign is seen inside a WholeFoods store in New York City. Adam Jeffery | CNBC The global economy will likely avoid a recession and central banks will need to “change the goalposts” on inflation, according to veteran strategist David Roche. With high inflation proving sticky across many major economies, central … Read more
As the US stock market is effectively entering a bear market, Wall Street warnings are becoming more frequent. First, the minutes of the Federal Open Market Committee (FOMC) in May were in line with market expectations, but concerns about an economic slowdown are growing as major economic indicators are sluggish. Market experts expect the US … Read more
Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 130 points, or 0.42%. S&P 500 futures added 0.5% and Nasdaq 100 futures rose 0.5%. … Read more
The three major U.S. stock indexes closed down collectively, with the Dow down 0.42%, the S&P 500 down 0.97%, and the Nasdaq down 2.22%. The software, automobile, and aviation sectors were among the top losers, with GM and Fisker down more than 4%, United Continental Airlines,Delta Airlinesfell more than 3%,American airlinesfell more than 2%. Big … Read more