Today: 1. Jul, 2024
Wall Street experienced a moderate decline on Friday, with the S&P 500 and Nasdaq indexes taking a breather following consecutive sessions of record highs. Investors grappled with cautious projections from the Federal Reserve against the backdrop of a cooling economy. The Dow…
As murmurs of an impending economic slowdown echo through Wall Street, analysts find themselves at odds over the true state of the US economy. While some point to lackluster earnings reports from major retailers and a decline in job opportunities, others, like…
Amidst fluctuating interest rates and an uncertain economic outlook, homeowners who secured their mortgages when rates were high are now pondering whether to refinance. According to Freddie Mac, the refinance activity of 2023 hit a 30-year low due to historically high mortgage…
The latest survey from the Royal Institution of Chartered Surveyors (RICS) provides a promising outlook for the UK housing market, indicating that house prices are expected to grow over the next year. This recovery follows a period of stabilization in March after…
Amidst a challenging economic landscape, Wells Fargo is gearing up for significant changes. The banking giant’s CEO, Charlie Scharf, recently announced the likelihood of a substantial severance expense in the fourth quarter, signalling a shift towards more aggressive workforce management. This move…
As Wall Street continues to navigate through a period of economic uncertainty, the stock market exhibits a mix of modest gains and losses. Thursday’s trading session revealed a Wall Street caught in a state of neutrality, with the S&P 500 slightly down…
The recent release of the US inflation report on Wednesday has ignited fresh worries, revealing an unexpected surge in consumer prices across key indices. This data underscores the persistent difficulties that the Federal Reserve faces in managing inflationary pressures. Although the report…
Stocks have historically been favoured over less volatile investments, but their appeal seems to be waning, with one metric indicating it’s at its most fragile state in years, despite the stock market’s impressive performance this year. The S&P 500 index has seen…
