We need to raise rates aggressively: Fed’s Neel Kashkari
February 7, 2023Minneapolis Federal Reserve President Neel Kashkari said on Tuesday that the central bank has not achieved enough progress to control inflation. He believes the Fed’s benchmark rate should rise to 5.4% from its current range of 4.5%-4.7%. “We need to...
Google to test ChatGPT’s rival “Bard”: Human future with AIs, crawling into economies
February 7, 2023Google is stepping up its efforts to compete with Microsoft-backed OpenAI’s ChatGPT by launching its own AI conversation technology, Bard. Google CEO Sundar Pichai on Monday informed employees of the company’s plan to test its new ChatGPT rival, Bard. The...
Adani controversy triggers protests, arrests, and parliament disruptions in India
February 6, 2023The crisis surrounding the Adani group has intensified on Monday, leading to arrests and protests in India. Members of the country’s main opposition party were detained by police during demonstrations, and parliament was suspended due to disruptions. A Jan. 24...
Rise in Car Payment: Struggles Among Americans Reaches Post-Great Recession High
February 5, 2023Latest reports suggest that there is a significant increase in the number of Americans struggling to make their car payments, the highest since the Great Recession. This is largely due to the high cost of both new and used cars,...
Youngest Working Generation “Gen Z” Leads in Retirement Savings
February 5, 2023A recent survey by TransAmerica Center for Retirement Studies revealed that 67% of workers aged 18-25 already have retirement accounts totaling $33,000. Gen Z, the youngest generation of workers, are setting a strong foundation for their retirement with an average...
Rising U.S. credit card debt reaches record high of $930.6 billion: How to mitigate its impact?
February 4, 2023Americans’ credit card debt rose 18.5% to $930.6 billion, a record high, in 2022, according to a report by TransUnion. This is due to rising interest rates, which have already reached nearly 20% on average, and the increasing costs of...
Navigating your debts in the age of interest rate hikes
February 4, 2023Debt is a common reality for many people, but interest rate hikes can make it even harder to manage. As interest rates rise, the cost of borrowing money increases, and this can have a significant impact on your financial situation....
Bank of England raises interest rates to highest level since 2008
February 2, 2023The Bank of England raised UK interest rates by half a percentage point on Thursday, increasing them to 4% – the highest level since 2008. This move was more aggressive than the US Federal Reserve’s quarter-percent rate hike the day...
Statewide Gun Insurance Requirement under Consideration by California Legislature
January 31, 2023Following San Jose, the California Senate considers a bill to mandate gun owners buy liability insurance for accidental or negligent gun discharge. SB 8 aims to shift the burden of compensation for gun violence harm onto gun owners. San Jose’s...
Court Ruling on Student Loan Forgiveness to Deepen Racial Wealth Gap
January 30, 2023A recent report by Brookings Institution reveals that black American students are disproportionately impacted by the country’s student loan crisis. Black graduates owe an average of $7,400 more than their white peers upon graduation. The gap widens with time, with...
Elon Musk Warns Fed: Another Rate Hike May Crush the Stock Market
January 29, 2023Tesla CEO Elon Musk warns that increasing Federal Reserve interest rates could lead to a “crush” in the stock market. During Tesla’s 4Q earnings call, Musk expressed his concern that the Fed’s interest rate may soon exceed the average return...
Tesla’s Stock Soars 33%, Marking Best Weekly Performance in 10 Years
January 29, 2023Tesla shares rose 33% this week, the best performance since 2013. On Friday, the stock closed at $177.88, up 11%. This rebound follows a 40% decline over the past six months and a 65% drop in 2022. The rally was...
How “inaccurate” was Biden’s Economic Speech on Thursday
January 28, 2023President Joe Biden’s speech on Thursday included several claims that were found to be false, misleading, or lacking context by CNN. Here are the wildest ones: Infrastructure projects: Biden claimed that “Last year, we funded 700,000 major construction projects –...
Rising Car Prices, Interest Rates Push Americans Behind on Payments
January 28, 2023As Americans struggle to keep up with rising car prices and interest rates, more are falling behind on their car payments. According to Fitch Ratings, the percentage of subprime auto borrowers who were at least 60 days late on their...
Adani-linked companies see more than $51 billion loss following short-seller report
January 27, 2023Including Adani's recent investments in cement companies ACC and Ambuja Cements, the Adani Group has lost a total of $51 billion in market value since Wednesday.
Nathan Fernsby
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Here's Nathan. I've watched the financial markets for the most of my life, and I have a profound, intuitive understanding of how they operate. It takes a lot of effort, time, and confusion to learn the ins and outs of investing. I didn't know a lot about money as a college dropout from the 1980s. I did make investments in the stock market, but I lost money for the majority of my career. The 2007/8 market crash was revolutionary for a lot of investors, including me. What was perfect in the past might not be ideal today. Our team will do its best to stay up-to-date with the information, and always maintain a human touch while providing market analysis or Forex Signals, hopefully making it easier for you to become a better potential investor.
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