Today: 8. Jul, 2024
US Defense Secretary James Mattis landed in Afghanistan, holding discussions with President Ashraf Ghani and other top officials. During a press briefing, Mattis highlighted his visit’s aim: to guide his advice regarding the US’s future strategy in Afghanistan. However, he remained tight-lipped…
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…
Asian markets predominantly dipped on Friday, influenced by the upsurge in Wall Street bond yields, sparking concerns about persistent high-interest rates in the U.S. July’s data from Japan highlighted a 3.1% year-on-year consumer price increase, slightly down from June’s 3.3%, but surpassing…
The U.S. economy stands stronger than during the Great Recession. However, sustained inflation and last year’s steep decline in the stock market have unnerved American workers and retirees, casting shadows over their retirement hopes in a manner reminiscent of 2008. The 2023…
While the current U.S. debt crisis has been temporarily resolved with a mutual agreement to increase the debt ceiling, it’s a temporary solution lasting approximately two years. With the potential of another governmental fiscal standoff on the horizon, it’s prudent to safeguard…
Asian equity markets exhibited a mixed performance on Friday following a third consecutive day of Wall Street slump in response to a hike in British interest rates. Indices in Shanghai and Hong Kong made gains while Tokyo’s index retreated. Oil prices showed…
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…
The Republican majority in the House of Representatives echoes Donald Trump’s push for a second term in the White House by involving President Joe Biden in a wave of corruption allegations, which have yet to be substantiated. House Speaker Kevin McCarthy has…
Yale University’s Economics Professor Robert Shiller has predicted the end of the U.S. home price rally that has been ongoing for a decade, contingent on the Federal Reserve ceasing its cycle of rate hikes. According to the S&P CoreLogic Case-Shiller U.S. National…
