Fed Must Avoid Policy Errors of the 1970s, Warns Wall Street Veteran Milken
If past performance is any indication, renowned investor Michael Milken anticipates a cautious monetary policy stance from the Federal Reserve.
Dec 12, 2023 10:16 AM EST
China Stocks Reverse Course After Slump Fueled by Deflation Concerns
After being driven down early in the day by data indicating ongoing deflationary pressures stemming from poor domestic demand, China's equities reversed direction and rose on Monday.
China's State Banks Eye Strategic Dollar-Yuan Swaps
China's biggest state-owned banks were observed on Tuesday exchanging dollars for yuan in the onshore swap market and then selling those dollars in the spot market to strengthen the yuan.
US Inflation Expected to Ease Further, Recession Fears Diminish
According to a study issued on Monday, the majority of business economists believe that even if the employment market eventually weakens due to rising interest rates, the U.S. economy might escape a recession in 2024.
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Gold Surges Past $2,100, Signaling a New Era of High Prices
For the second day in a row, gold prices broke beyond $2,100 on Monday, as the world's appetite for metal looks certain to persist.
Dec 04, 2023 7:08 AM EST
Oil Markets Brace for Impact as OPEC+ Announces Production Cuts
The OPEC oil cartel, led by Saudi Arabia and allied producers like Russia, took another huge go at supporting lagging crude prices on Thursday, extending some supply restrictions into next year and pulling in up-and-coming oil provider Brazil.
Nov 30, 2023 10:59 PM EST
JPMorgan Acquires Significant Stake in Spanish Defense Contractor Indra
JPMorgan purchased a 10.6% stake in Spanish defense systems producer Indra (IDR.MC), according to the stock exchange regulator on Thursday.
Nov 30, 2023 6:36 AM EST
Gas Prices Plummet for Thanksgiving, Bringing Cheer to Drivers Across the Nation
According to data from car club AAA, the national average price of petrol touched $3.27 per gallon on Thursday.
Nov 24, 2023 9:42 AM EST
Retailers with Flexible Policies Gain Customer Loyalty
Stores that provide generous return policies can win over loyal customers and allay Christmas buyers' fears about squandering money on unneeded items.
Nov 22, 2023 9:53 AM EST
Binance CEO's Guilty Plea and $4 Billion Fine Signal Crackdown on Crypto Money Laundering
Zhao resigned as the CEO of the business, and Binance acknowledged breaking the Bank Secrecy Act as well as possibly breaking sanctions laws by failing to set up procedures for reporting suspicious transactions.
Nov 22, 2023 8:00 AM EST
McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake
McDonald's is acquiring Carlyle's interest in its China operations, boosting its minority ownership from 20 percent to 48 percent.
Nov 21, 2023 7:40 AM EST
US Funds Shift Focus Away from China, Offloading Alibaba, Apple
Major U.S. funds are taking a more defensive stance in the face of uncertainty in the second-largest economy in the world by cutting holdings that expose them to China and concentrating more on American technology companies.
Nov 17, 2023 11:10 AM EST
Jobless Claims Jump to Highest Level in Three Months, Signaling Cooling Labor Market
The number of Americans filing new jobless claims reached a three-month high last week. The number of Americans filing new jobless claims reached a three-month high last week, indicating that the labor market was progressively cooling, adding to the Federal Reserve's fight against inflation.
Nov 16, 2023 11:00 PM EST
Inflation Cools, Stocks Surge: Dow Rebounds with 489-Point Jump
Tuesday saw a sharp increase in US stock prices as investors cheered the release of the October Consumer Price Index, which shocked them with lower-than-expected inflation statistics.
Nov 15, 2023 9:38 AM EST
Unlocking Success: Navigating Markets, Delegation and Purpose with AJ Osborne
In a world driven by data, strategies, and market dynamics, finding a balance between business success and a higher purpose can be a challenging pursuit. Enter AJ Osborne, the innovative CEO of Cedar Creek Capital, whose journey traverses the intricate realms of self-storage investment, entrepreneurship, and values-driven leadership.
Oct 06, 2023 5:28 PM EDT
Stressed About Economic Uncertainty? Lear Capital Says Consider These 3 Ways To Diversify Your Portfolio
With the persistent fears of a recession and other challenging economic conditions, some investors may be looking for portfolio diversification options they feel would reduce their exposure to risk and increase the chance for favorable results, according to Kevin DeMeritt, founder and chairman of precious metals firm Lear Capital.
Sep 26, 2023 11:53 AM EDT
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