Treasury yields remained elevated a day after a very high CPI inflation reading catalyzed a bruising Wall Street sell-off, tanking hopes of a June rate... Read More
Federal Reserve
Cathy Wood Disagrees With Nigerian Government On Binance Executive’s Detention
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Oliver Renick sat down 1-on-1 with Ark Invest’s $ARKK Cathy Wood in Market Overtime to discuss the surge in Bitcoin’s price and the Bitcoin ETF... Read More
Fed Prepared To Raise Rates Further As Nasdaq Fails To Clear Last Week’s High
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The Nasdaq continued to follow a risk-off narrative as Investors were waiting to hear what Jerome Powell had to say at the Jackson Hole Economic... Read More
Renewed Strength In US Economic Numbers Threatens Equity Gains Of 2023
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The US unemployment claims showed that 9000 people less than the forecast of 239,000, filed for welfare in the latest release on Thursday. The previous... Read More
Cathie Wood At Odds With Michael Burry And Warren Buffet As Market Risk Rises
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A quicker-than-usual sell-off in technology stocks and a surge in Treasury yields has pushed Cathie Wood’s flagship ARK Innovation ETF slightly under water, leaving the... Read More
The Dot Plot Hits A Bulls-Eye As Fed Keeps Rates Flat But Still Remains Hawkish Due To Inflation
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At the FOMC meeting today, the Federal Reserve, led by Jerome Powel, left the interest rate at 5.25%, as forecasted by the consensus and the... Read More
Why You May Or May Not Make A Dime This Decade If You Bought $GOOG At $144
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Like a Mario or Temple Run obstacle course, there are obstacles and boobie traps on the path back to the all time high on Alphabet's ($GOOG) share price. We take a closer look at the key levels and price action events on one of the most capitalized stocks on the planet. ... Read More
The decline in oil and copper prices continued into today's session, making this the second straight week of declines in the commodities markets.... Read More
The Closing Bell- Bitcoin Claws Back 3% As Defensive Sectors Keep Gaining Ground
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Risk on flows continue in the market but investors are also pilling into traditionally defensive sectors as US recession risks compound. ... Read More
End Of Day Market Report- Oil Continues Recovery as Risk On Flows Enter Markets
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First Citizens BancShares' ($FCNCA) shares rallied 54%, its largest single day rally in it's history, as it agreed to buy a large portion of Silicon Valley Bank's deposits and loans.... Read More
Inflation Gauge Increased 0.4% in February and Up 6% From a Year Ago, As Expected
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The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates.... Read More
Silicon Valley Bank $SIVB Stock Slumps 60% as Some Investors Fear Bank Run
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$SIVB stock price collapsed to the lows 2016, and after the market closed shares slid another 26% in extended trading.... Read More
Goldman Sachs Projects 25 BPS Rate Hikes Each in March, May and June 2023
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In their last note, economists at Goldman Sachs are now forecasting the US Federal Reserve (FED) to hike rates by 25 basis points (bps). The... Read More
U.S. President Donald Trump on Wednesday said the U.S. Federal Reserve must cut rates “bigger and faster’’ for America to be competitive against other countries.... Read More
The dollar held at a near three-week high on Tuesday as investors sought the relative safety of the U.S. currency after the International Monetary Fund... Read More
U.S. President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy. He made the blame as... Read More
Donald Trump has asked the US Federal Reserve to cancel its plans to increase interest rates during its meeting scheduled for next week. This is... Read More
Jeff Bezos Edges out Bill Gates – Becomes Richest Man in Modern History
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Jeff Bezos the owner of Amazon.com has become the richest man in modern history according to the Bloomberg Billionaires Index. The net worth of the... Read More
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