Today: 1. Jul, 2024
The U.S. economy seems to be splitting consumers into two distinct groups: the haves and the have-nots. This division is particularly evident among retirees, with significant implications for the future. On one hand, a massive wealth transfer is underway, with an estimated…
In May 2024, U.S. consumers experienced unexpected price drops in several goods and services, reflecting localized deflation amid broader easing inflationary trends. While inflation measures the rate at which consumer prices rise, deflation is the rate at which they decline. Joe Seydl,…
Asian markets displayed mixed performance on Thursday, reflecting growing apprehension among investors regarding the likelihood of an immediate interest rate cut in the United States. Japan’s benchmark Nikkei managed to edge up by 0.5% during morning trading, reaching a level of 35,637.01.…
In a welcome change of pace, Wall Street witnessed a notable uptick in morning trading on Wednesday, buoyed by a series of positive updates from leading U.S. corporations, most notably General Motors (GM). This surge, characterized by broad gains across various sectors,…
Asian shares experienced an upswing on Wednesday following Wall Street’s gains, as investors eagerly anticipate the Federal Reserve’s decision on interest rates and updates on the U.S. economy’s current state. “The overwhelming expectation is that the Fed will keep its overnight interest…
The U.S. economy has demonstrated impressive growth in the third quarter, with the Gross Domestic Product (GDP) expected to show a 4.7% annualized gain, as per a Dow Jones consensus estimate. This remarkable performance signals the most substantial output since Q4 of…
In the wake of reports pointing to a potential deceleration in the U.S. economy, Wall Street demonstrated mixed trading results on Wednesday. The S&P 500 managed to recuperate slightly with a 0.2% rise by midday, following its previous 1.4% plunge to a…
The former head of the S&P Sovereign Rating Committee feels the U.S. is in a more precarious position than in 2011 when the agency reduced its credit rating. The looming threat of a government shutdown is again on the horizon for the…
Wall Street experienced an uptick, spurred by numerous reports implying that the U.S. economy remains robust despite looming inflation concerns. By 12:18 p.m. Eastern time, the S&P 500 had advanced by 0.8%, while the Dow Jones had gained 310 points or 0.9%,…
Wall Street stocks experienced a downturn on Wednesday morning, perpetuating a slump in this holiday-shortened week. The S&P 500 dipped by 0.7%, with a marginally greater number of companies declining than advancing within the index. By 10:46 a.m. Eastern, the Dow Jones…
