Hacked Tweet Shakes Market as SEC Denies ETF Approval
The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."
Jan 10, 2024 9:33 AM EST
Global Growth Grinds to a Halt as World Bank Predicts Third Year of Slowdown
The global economy is expected to slow down in 2024 for the third year as a result of factors like growing interest rates, persistent inflation, dwindling trade, and a faltering China.
Supply Chain Improvements and Tech Giants' Plans Spark Optimism, Propelling Chip Stock Gains
On Monday, semiconductor stocks markedly recovered after a challenging start to the year. On Monday, semiconductor stocks markedly recovered after a challenging start to the year.
31% of Americans Expect Mortgage Rates to Fall in 2024, Boosting Housing Sentiment
According to a new Fannie Mae study, more Americans than ever before believe that mortgage rates will drop this year. December had a more positive attitude than November, with 31% of consumers expressing the idea that borrowing prices for house loans will fall over the following 12 months.
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Hewlett Packard Enterprise in Talks to Acquire Juniper Networks for $13 Billion
According to a source familiar with the negotiations, Hewlett Packard Enterprise is in talks to acquire Juniper Networks , valuing the network gear manufacturer at around $13 billion.
Jan 09, 2024 4:40 AM EST
Global Markets Poised for Expansion, Says Goldman Sachs, Citing AI and Green Tech
Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.
Jan 09, 2024 4:03 AM EST
Future of Flexibility? Biden's Reclassification Play Paves the Way for Major Gig Economy Shift
According to a US administration official, President Joe Biden will issue a final regulation as early as this week that would make it harder for businesses to designate people as independent contractors rather than employees, who usually cost a business more.
Jan 08, 2024 7:56 PM EST
Stocks Slip Despite Early Green Shoots, Boeing Plunges on Delivery Delay Worries
Monday saw a little decline in US stock futures but Treasuries remained stable as traders adjusted their wagers following last week's selloff. A barrel of Brent oil dropped below $77.
Jan 08, 2024 11:50 AM EST
Travelers Brace for Potential Continued High Costs as Experts Analyze 2024 Airfare Trends
It seems that the aviation industry's incredible rise from the pandemic's lowest points is coming to an end. A thorough examination of many data reveals a tendency toward stabilization in multiple important indicators, indicating the end of fast expansion and the beginning of a new routine.
Jan 08, 2024 11:30 AM EST
Despite Job Market Rebound, Fed Struggles to Find Desired Slack in Labor Landscape
The COVID-19 pandemic's labor wounds were largely healed by the end of the U.S. economy last year, but policymakers at the Federal Reserve are still stuck waiting for wage and job growth to slow down to a reasonable level.
Jan 08, 2024 10:28 AM EST
Trading Bitcoin Without the Hassle? ETFs Offer Easy Access, But Watch Out for Costs
The Securities and Exchange Commission is presently reviewing 13 spot Bitcoin (CRYPTO: BTC) ETFs before approving them.
Jan 08, 2024 6:44 AM EST
Congress Strikes Temporary Truce, Avoiding Financial Cliffhanger
A deal reached by Congressional leaders on the total amount of spending for the current fiscal year may help avert a partial government shutdown later this month.
Jan 07, 2024 9:17 PM EST
SEC Approval of US Spot Bitcoin ETFs Possible Next Week After 13 Companies Submitted Applications
Discover the latest developments in the cryptocurrency landscape as 13 companies await SEC approval for U.S. spot Bitcoin ETFs. Here's what you need to know.
Jan 06, 2024 4:00 AM EST
Top High-Yield Dividend Stocks in 2024 Poised to Generate $10,000 in Annual Passive Income
Discover a robust investment strategy designed for financial success and stability with this potential of 4 high-yield dividend stocks for 2024.
Jan 06, 2024 3:43 AM EST
US Chip Stocks Drop Sharply After Strongest Year Since 2009, Raising Recession Concerns
U.S. chip stocks continued their losing streak on Wednesday, as Wall Street's primary semiconductor benchmark fell from all-time highs after the industry had its best year since 2009, when it recovered from the financial crisis.
Jan 04, 2024 10:20 AM EST
National Debt Drowns in Record $34 Trillion, Congress Squabbles Over Lifeline
With the gross national debt of the federal government at above $34 trillion, it is a record level that portends political and economic obstacles to improving America's balance sheet in the years to come.
Jan 04, 2024 9:46 AM EST
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