Today: 17. Dec, 2024
A new annual report from the Federal Reserve suggests that the overall financial health of Americans has taken a hit. The recent report, which focuses on the economic stability of U.S. households, was released last week. The study from 2022 revealed that…
On Thursday, Wall Street experienced a significant surge after an initial weak performance, navigating through the complex economic data, which did not provide a concrete direction for the economy’s future or inflation. The S&P 500 registered a 0.7% increase in midday trading,…
In a concerning turn of events, recent indicators point to a precarious state of the global economy, with China’s economic recovery showing signs of weakness and trade figures reflecting subdued global and domestic demand. Furthermore, interest rate increases in various countries are…
Shares advanced as diminished inflation data reinforced Wall Street’s anticipation that the Federal Reserve will refrain from escalating interest rates this week. The S&P 500 increased by 0.4% in the morning trading session, moving further into territories not visited since April 2022.…
The financial sector has once again assumed a bullish outlook. The S&P 500 culminated in a bull market, demonstrating a 20% climb from its last recorded low on October 12, 2022. This signals the cessation of the bear market that originated in…
In a move to address persistent inflation and the remarkable resilience of the Canadian economy, the Bank of Canada has raised its benchmark interest rate by a quarter percentage point. This decision marks a significant shift in policy, as the bank had…
Asian stocks mostly ascended on Friday, propelled by renewed optimism from a burgeoning bull market on Wall Street, with the Tokyo Stock Exchange leading the way. Japan’s Nikkei 225 index experienced a substantial 1.8% surge in morning trades, reaching 32,217.76. The Australian…
On Wednesday, U.S. stocks lingered on the brink of ushering in a new bull market phase for Wall Street. The S&P 500 displayed a slight decline of 0.2% during afternoon trades after retreating from an earlier advance that exceeded the 4,292.44 mark.…
Last week saw a surge in mortgage rates, spurred by robust economic data intensifying fears that the Federal Reserve might not decrease interest rates soon. Consequently, the demand for mortgages hit the lowest point since late February. The average contractual interest rate…
U.S. stocks witnessed modest swings, marking a potentially subdued period following their most decisive week since March. In the morning trading, the S&P 500 nudged upward by 0.1%. Meanwhile, the Dow Jones Industrial Average experienced a dip of 120 points or 0.3%,…
