Today: 16. Nov, 2024
As we embrace the new year, it’s an opportune moment to evaluate and refine our financial strategies. The economic challenges of the past year, highlighted by rising consumer goods prices and a high-rate environment, underscore the necessity for most individuals to reassess…
In a recent shift, the demand for mortgages has decreased after weeks of steady increase, highlighting buyers’ challenges in an increasingly competitive housing market. The Mortgage Bankers Association’s seasonally adjusted index reveals a 7.2% decline in total mortgage application volume compared to…
As the Federal Reserve convenes for its two-day meeting, speculation is rife about the future direction of interest rates amidst an unexpectedly robust economic performance and a cooling inflation rate. The term “no landing” is gaining traction among economists, suggesting a scenario…
The S&P 500, the world’s most-watched stock index, reached an all-time high on Friday, marking its first record since January 2022. This milestone has left many investors questioning whether it signals the start of a new bull market, given the challenging economic…
Wall Street experienced a day of mixed signals and fluctuating fortunes as stocks hovered near record levels, oil prices surged, and bond yields eased. The S&P 500, still within 0.3% of its all-time high set two years ago, remained virtually unchanged, while…
Wall Street’s latest movements reflect a cautious optimism as investors and traders await a crucial inflation report. The anticipation for this report is high, as its outcome could either confirm or negate the recent upswing in stock market optimism that emerged at…
The year 2023 emerged as a period of financial astonishment, defying the gloomy predictions of many Wall Street experts. As the year unfolded, the stock market experienced an extraordinary surge, contradicting the prevalent expectation of a continued downturn following a dismal 2022.…
The World Bank has recently released a report predicting a significant slowdown in global economic growth. The anticipated growth rate for 2024 is set at a mere 2.4%, the lowest since the pandemic, and reminiscent of the financial crisis back in 2009-09.…
As Wall Street embarked on a new week, investors were navigating through a mix of rising and falling stocks, with the S&P 500 inching up by 0.2% and the Nasdaq composite gaining 0.6%. However, the Dow Jones Industrial Average dropped by 166…
Howard Davies, the chair of NatWest, was at the center of a heated controversy after suggesting that buying a property in Britain is “not that difficult.” His comments during a BBC interview on the “Today” program have ignited a fierce debate, with…
