Sunil Sahil

Treasury Secretary Janet Yellen is using up all of the department’s exceptional measures as the early June deadline for lawmakers to raise the debt limit approaches. Failure to negotiate a debt ceiling agreement may result in the Treasury skipping payments to Medicare, Medicaid, Social Security, and ultimately US bondholders. The US 1-month Treasury yield has … Read more

U.S. stocks plunged on Friday as investors became uneasy following the shocking bankruptcy of Silicon Valley Bank (SIVB) and a vital jobs report that came in warmer than anticipated. While the Dow Jones Industrial Average (DJI) fell 1.1%, the S&P 500 (GSPC) fell 1.4%. Contracts on the heavily tech-focused Nasdaq Composite (IXIC) fell 1.8%. The … Read more

After inflation statistics showed that consumer price hikes slowed in March and Fed minutes showed that additional rate increases haven’t been ruled out, U.S. stocks declined on Wednesday, reversing gains from earlier in the day. The Dow Jones Industrial Average (DJI) declined by 0.11% and the S&P 500 (GSPC) dipped by 0.41%. The heavily tech-focused … Read more

Following two job prints that demonstrated the labour market is still tight despite stubborn inflation, U.S. markets ended the day with a mixed result. Before the House Financial Services Committee on Wednesday morning, Jerome Powell, the chairman of the Federal Reserve, also addressed Wall Street. At the Fed’s policy meeting in March, Powell reiterated that … Read more

The US economy is still impressive. And we believe there is a clear-cut, foundational narrative that explains why we are in the position we are in as of July 2023. Consumer sentiment has improved recently, according to Liz Young, head of investment strategy at SoFi, who spoke to Yahoo Finance Live on Tuesday. “The market … Read more

Stocks ended the day higher on Monday, helping Wall Street temporarily recover from its worst week of the year. After a positive start to the year in January, all three indices concluded February in the negative. Retail inventories, excluding autos, increased by 0.3% on Tuesday, exceeding the 0.1% forecast by experts surveyed by Bloomberg. While … Read more