The FTSE 100 (FTSE), European, and US markets increased on Friday as a result of new data that revealed US inflation was falling and the UK’s GDP had expanded in Q2. By the afternoon, the DAX (GDAXI) in Germany had risen 1.1%, the CAC (FCHI) in France had up 1%, and London’s top index had … Read more
Bill Ackman receives SEC approval for the vehicle “Sparc” Pershing Square Sparc, a vehicle invented by billionaire investor Bill Ackman in 2021 after the Securities and Exchange Commission blocked his bid to purchase a 10% share in Universal Music Group through his special purpose acquisition firm, has been given regulatory approval. Former shareholders of Ackman’s … Read more
The Philippines maintains its position as one of the top nations for the adoption of cryptocurrencies. The country presently occupies the sixth position, according to blockchain intelligence company Chainalysis, demonstrating strong performance in both centralised and decentralised finance service value. Despite the fact that this represents a decline from the second place the year before, … Read more
After the Fed’s higher-for-longer stance on interest rates sent markets lower throughout the previous week, stocks rebounded on Thursday in an effort to recoup some of their losses. The Dow Jones Industrial Average (DJI) increased by around 0.3% while the S&P 500 (GSPC) increased by roughly 0.6%. The advances were led by the tech-heavy Nasdaq … Read more
With further losses, Wall Street ended its worst month of the year. The majority of the stocks that make up the S&P 500 fell Friday as the index lost 0.3% of its previous gain. The Nasdaq composite rose 0.1% as the Dow dropped by 0.5%. The morning’s strong equity gains started to wane as bond … Read more
According to U.S. Senator Elizabeth Warren, a case that will be heard by the U.S. Supreme Court next week could put Social Security and Medicare, the government’s health insurance programme, in jeopardy as well as expose every federal bank regulator to political inference. The U.S. Consumer Financial Protection Bureau’s (CFPB) funding is being questioned constitutionally, … Read more
For the first time since March, when a banking crisis was spreading panic among investors, CNN’s dread and Greed Index, which monitors seven indications of market sentiment in the United States, tipped into “extreme fear” on Thursday. Their anxieties are currently being stoked by a painful combination of rising oil prices, anticipated “higher for longer” … Read more
Recession forecasting is challenging. As we have seen with the crisis in Ukraine and COVID-19, there are simply too many unpredictable, volatile variables that can cause even the most well-respected economists’ predictions to go awry. And as strategist Albert Edwards of the French investment bank Société Générale recently noted: “History shows that, to the (limited) … Read more
On Wednesday night, former president Donald Trump brought his campaign to Michigan to purportedly support autoworkers. His message, however, wasn’t what many employees wanted to hear as the United Auto Workers (UAW) union prepared to extend its strike on Friday. Trump stated his support for the UAW’s objective of achieving greater wages when speaking at … Read more
