The Dow Jones Surges 765 Points to Start a New Stock Market Rally Attempt
October 4, 2022Dow Jones futures were higher just ahead of Tuesday’s opening, The Dow Jones Industrial Average gained 765 points on Monday, marking the beginning of a new attempt at a market rally. The Dow Jones Industrial Average increased 2.7% on Monday,...
Asia-Pacific markets mixed, Hong Kong’s stocks hit an 11-year low
October 3, 2022While shares in the Asia-Pacific were mixed on Monday as markets enter the last quarter of the year, fears about China’s economy have led to this year’s investor meltdown, sending Hong Kong’s fragile stock market tumbling to its lowest point...
Stocks slightly improve following the “worst September”
October 3, 2022Wall Street has completed another poor quarter. As in September, the S&P 500 and Dow Jones Industrial Average both had their worst month since March 2020. Stock futures barely increased in overnight trade on Sunday. The S&P 500 gained 0.22%,...
Rising inflation forces more Americans to live paycheck to paycheck
September 30, 202260% of Americans were living paycheck to paycheck as of August, according to a recent LendingClub report; this figure hasn't shifted much since inflation hit 40-year highs.
US stocks are on track for the longest run of quarterly declines since the 2008 crisis
September 30, 2022As central banks' attempts to control inflation through tighter monetary policy weighed on share prices, US stocks were on track for their longest streak of quarterly losses since the 2008 financial crisis.
Porsche shares rise in Frankfurt market debut
September 29, 2022One of the largest ever public offerings in Europe in the history, Porsche’s shares edged up in their stock market debut on Thursday. On Thursday morning, shares of the renowned sports car manufacturer first traded for 84 euros ($81). The...
Falling Number of Mortgage Refinancing Applications, Growing Uncertainty in the Housing Market
September 29, 2022Following a hint from the Federal Reserve that it will keep up its aggressive efforts to curb inflation, mortgage rates spiked even higher last week. According to the seasonally adjusted index from the Mortgage Bankers Association, the number of mortgage...
‘We are in deep trouble,’ – Billionaire investor Stanley Druckenmiller
September 29, 2022The economy’s performance has declined for several months, as evidenced by GDP contraction, higher unemployment rates, and lower consumer spending. People have started working more-than-usual to cope against the declining economy. By the end of 2023, according to billionaire investor Stanley Druckenmiller,...
Cryptocurrencies rise: Rising further?
September 29, 2022The market cap of all cryptocurrencies increased by 0.9% to $941.55 billion at 8:10 p.m. EDT on Wednesday. The S&P 500 and Nasdaq ended the day ahead by 2% and 2.05%, respectively. The U.S. dollar index hit a two-decade high...
Stock futures fall after S&P 500 hits new low for the year
September 28, 2022After a recovery rally failed during regular trading hours and the S&P 500 made a new intraday low for the year, stock futures dropped on Tuesday evening.
The United States fines 16 Wall Street firms $1.8 billion for discussing deals and trades on personal apps.
September 28, 2022Key Points: [US fines 16 Wall Street firms $1.8 billion for discussing deals and trades on personal apps. The firms include Barclays (BARC.L), Bank of America, Citigroup, Credit Suisse (CSGN.S), Goldman Sachs, Morgan Stanley, and UBS (UBSG.S). The inquiry is...
People now working more to cope with inflation
September 27, 2022This high rate of inflation doesn’t just mean that goods and services cost more — it also means that earnings will lose their value. Inflation rate is currently in 40-year highs, according to the government’s most recent measurement. The impact...
Pound Recovering After an Un-bearable Crash?
September 27, 2022The British pound plunged to $1.033 on Monday morning after reaching a peak of $2.50 to £1 in… 1971. It has since recovered to $1.08. The UK government’s colossal gamble has shocked the financial markets by deciding to execute the...
Has the Wall Street Downtrend “Just Started”?
September 27, 2022As our analysts presumed last week, we were probably witnessing the “initial” phase of a long-term downtrend for Wall Street. “It looks like the Fed is going to raise rates on Tuesday. We don’t see how they can do it...
What on Earth is Happening to GBP/USD?
September 26, 2022As financial markets reacted to the largest tax cuts in 50 years, the pound sank to a record 37-year low against the dollar earlier in the day, reaching a level of $1.03. UK stocks also dropped after Chancellor Kwasi Kwarteng...
