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Optimistic Surge: U.S. Stocks Ride Falling Inflation, Yet Lingering Risks Loom

US Economy

Optimistic Surge: U.S. Stocks Ride Falling Inflation, Yet Lingering Risks Loom

Stocks are currently experiencing optimism with cooling U.S. inflation, pushing the S&P 500 to a 15-month high. However, tightening credit conditions and potential interest rate hikes are still posing risks that could disrupt the upward trend and lead to a...

July 17, 2023

Wall Street Execs Make First 2024 Bets Against Donald Trump

News

Wall Street Execs Make First 2024 Bets Against Donald Trump

During the second quarter, there was a notable surge of donations from finance sector executives to Donald Trump’s primary rivals, indicating a growing interest among Wall Street figures in finding an alternative candidate to lead the Republican Party in the...

July 16, 2023

Janet Yellen Calls to Accelerate Debt Relief for Poor Nations

Economy World Economy

Janet Yellen Calls to Accelerate Debt Relief for Poor Nations

Addressing finance ministers from the G20 countries in Gandhinagar, India on Sunday, Janet L. Yellen, the United States Treasury Secretary, urged international creditors to expedite their initiatives in granting debt relief to developing nations at risk of default. She emphasized...

July 16, 2023

Why Credit Suisse’s Inquiry Opted to Maintain File Secrecy for Half a Century

Economy World Economy

Why Credit Suisse’s Inquiry Opted to Maintain File Secrecy for Half a Century

A Credit Suisse’s inquiry into its collapse has chosen to maintain file secrecy for 50 years, sparking concern among Swiss historians. According to a parliamentary committee document, the parliamentary investigation aims to preserve confidentiality by extending the protection period from...

July 16, 2023

Supply Constraints, High Rates Drive Surge in New Home Prices

Home Loan

Supply Constraints, High Rates Drive Surge in New Home Prices

New homes across the United States are now experiencing a surge in prices, specifically due to supply constraints and high rates. The Black Knight Home Price Index has recently revealed that in May 2023, home prices reached a record high,...

July 11, 2023

Mortgage Demand Hits Monthly Low as Interest Rates Surge

Mortgages News

Mortgage Demand Hits Monthly Low as Interest Rates Surge

Mortgage rates experienced a remarkable upswing last week, reaching their highest level since May, resulting in a decline in mortgage demand. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume dropped by 4.4% compared to the...

July 6, 2023

Federal Reserve Meeting Minutes: Anticipated Rate Hikes, Slower Pace

Economy

Federal Reserve Meeting Minutes: Anticipated Rate Hikes, Slower Pace

Federal Reserve officials signaled the likelihood of future rate hikes, albeit at a slower pace, during their June 13-14 meeting. The minutes released on Wednesday revealed that policymakers opted against an immediate rate increase due to concerns about economic growth....

July 6, 2023

Elon Musk Entrepreneurs Mark Zuckerberg News

Meta’s Threads App Garners 10 Million Sign-ups in Just Seven Hours, Challenging Twitter

Mark Zuckerberg-led Meta has entered the fray against Twitter with its Threads app, attracting an astounding 10 million sign-ups within seven hours. The launch aimed to capitalize on Twitter’s weakened state due to Elon Musk’s tumultuous decisions as its owner....

July 6, 2023

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Optimistic Surge: U.S. Stocks Ride Falling Inflation, Yet Lingering Risks Loom

Wall Street Execs Make First 2024 Bets Against Donald Trump

Janet Yellen Calls to Accelerate Debt Relief for Poor Nations

Why Credit Suisse’s Inquiry Opted to Maintain File Secrecy for Half a Century

Supply Constraints, High Rates Drive Surge in New Home Prices

Mortgage Demand Hits Monthly Low as Interest Rates Surge

Federal Reserve Meeting Minutes: Anticipated Rate Hikes, Slower Pace

Meta’s Threads App Garners 10 Million Sign-ups in Just Seven Hours, Challenging Twitter

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