CPI numbers improved more than expected on Thursday, sparking a robust stock market rally that saw the S&P 500 rise almost 6% for the week. The year-over-year increase in CPI was 7.7%, which fell short of the 7.9% forecast and matched the 8.2% pace from September. Rents are also expected to rise at a …
Stock Market News – CPI Ignites a Strong Stock Rally Read More »
The U.S. dollar maintained stability on Monday after a bruising fall last week as Fed Governor Christopher Waller clarified that the CB was not easing its fight against inflation. The dollar index fell 3.6 percent in two sessions over the past week, the second-biggest decline since March 2009, after Thursday’s slightly below-expected inflation data. Investors …
In financial terms, the margin is the amount of collateral an investor has to put up to cover the risk they are taking with their broker/exchange. Investors can create credit risk if they obtain money from a broker to buy financial instruments. They can also obtain money to sell financial instruments short or enter into …
Margin Trading 101: What Is the Definition of Margin? Read More »
If inflation continues to be stubborn, investors believe that the Federal Reserve may have to raise interest rates higher than they have in the past 20 years. Some Wall Street professionals believe that the Fed’s rate increases have already had a cooling effect on the economy. A rather positive job market news reported last week …
After buying Twitter for $44 billion, Elon Musk sold almost $4 billion in Tesla Inc. Musk sold 19.5 million shares in the company on Nov. 4-8, according to regulatory disclosures made public Tuesday, leaving him with a stake of roughly 14%. The CEO of the electric-vehicle maker company acquired the “wealthiest person” rank largely due …
Gold prices continue to rise as investors flock to the safe-haven metal in response to elevated recession fears, especially in the times of the U.S. midterm elections. Gold prices are rising as investors take advantage of the positive sentiment in the market, with a price pushing back above $1,700 an ounce, which is indeed the …
Recently, there have been a lot of changes in the international currency markets. The dollar has been losing value against other currencies, most notably the euro and sterling. This is mainly due to the U.S. midterm elections, which could result in a Republican-controlled Congress. Many people wonder how this will affect the process of U.S. …
The Latest Forex News – Dollar Drops as Euro/Sterling Seesaw Read More »
While this week, investors await major data amid corporate earnings and CPI print & US midterm elections show signs of a Republican tilt, the major indexes gain momentum: The S&P 500 advanced 1%. In comparison, the technology-heavy Nasdaq Composite rose 0.9%. Stocks finished rallying with losses the previous week – with a rather gloomy outlook …
Undoubtedly, the FIFA World Cup is the world’s biggest sporting event right after the Olympics. While the biggest companies strive to put their names around the arena, this year, FIFA chose Crypto.com as its main sponsor. Due to this decision, an audience of 4 billion people will gaze their ears and eyes towards the crypto …
FIFA 2022 & Crypto.com – The Game Never Witnessed Before Read More »
The year 2022 has not been that of crypto billionaires’ favorite. But the $44-billion Twitter takeover by Elon Musk has made it look promising as it’s nearing its end. Even as a speculation, the Musk-Twitter extravaganza has birthed aspects of crypto-integration into one of the most famous social networks. While the deal sparked debate and …
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