Today: 5. Jul, 2024
European stock markets have shown signs of robust growth as investor optimism surges, propelled by the potential for Federal Reserve interest rate cuts and key elections across Europe. As the continent’s financial landscapes react to the dual influences of political shifts and…
US President Joe Biden delivered a spirited State of the Union address, touting the United States’ economic performance under his leadership as the “envy of the world.” Biden highlighted achievements such as record job creation and historically low unemployment rates, emphasizing the…
Amidst the tumultuous aftermath of the COVID-19 pandemic, the economic disparity between the United States and Europe has become increasingly apparent, with the former surging ahead in its recovery efforts while the latter grapples with sluggish growth and inflationary woes. This discrepancy…
In a surprising twist this year, gold, the time-tested refuge for wary investors, is experiencing a downturn. With prices settling at their lowest since March, $1,831.80 per troy ounce, many are speculating about the future role of this precious metal in the…
Investors are in a heightened state of unease. The Fear and Greed Index from CNN, which monitors seven market sentiment indicators in the US, slid into a zone of “profound apprehension” this past Thursday. This sentiment hasn’t been seen since last March…
UPS has successfully dodged a strike in the US for the first time in over 25 years, with the workers’ union confirming the ratification of a fresh five-year agreement. After extended negotiations addressing demands such as improved salaries and enhanced working conditions,…
The alarming reality confronting numerous Americans is the impending retirement age without any financial cushion. Recent data shows a mere 10% of low-income workers aged between 51 and 64 had retirement savings in 2019. This is a sharp decline from 20% in…
Currently, US Treasury rates are surging. This spells trouble for the stock market and potential homebuyers. Recently, the US 30-year Treasury bond yield soared to its peak since 2011, while the 10-year note saw its best performance since October 2022. When bond…
In response to the U.S. long-term credit rating being downgraded by Fitch Ratings, global stock markets saw a significant decline on Wednesday. Nevertheless, renowned economists maintain a calm outlook. On Tuesday, Fitch, a recognized rating agency, demoted the U.S. long-term foreign-currency issuer…
The U.S. economy displayed an unexpected growth spurt from April to June, achieving a 2.4% annual growth rate. This resilience was exhibited even amidst steadily rising interest rates due to the Federal Reserve’s ongoing 16-month efforts to curb inflation. On Thursday, the…
