[ad_1] Former Treasury Secretary Lawrence Summers reportedly said it would be “catastrophic” and “inconceivable” for the United States to default on its debt. Summers comments come in the backdrop of a looming crisis…
[ad_1] As the West implemented sanctions on Russia, including the oil price cap of $60 per barrel, in the backdrop of the Ukraine war, the country has reportedly lost over…
[ad_1] Prominent market commentator Jim Cramer reportedly cautioned investors on Wednesday that the market is in a consolidation phase and is currently getting rid of “weak-handed investors.” “I think we…
[ad_1] Despite signs of inflation having peaked and economic activity witnessing a slowdown, Federal Reserve officials have reportedly stated they will continue with more rate hikes, with many in favor of taking…
[ad_1] Cathie Wood-led ARK Investment Management offloaded 446,845 shares of Beijing-headquartered Niu Technologies NIU at an estimated valuation of over $2 million on Wednesday. The sale was done via the…
[ad_1] Major Wall Street indices closed over 1.2% lower on Wednesday, dragged by renewed concerns of a recession as U.S. retail sales declined by the most in 12 months, down…
[ad_1] The Bank of Japan on Wednesday kept its ultra-low interest rates unchanged while maintaining its 0.5% cap for the 10-year bond yield, reported Reuters. The central bank defied market…
[ad_1] Prominent market commentator Jim Cramer told investors not to dump their traditional, reliable stocks following Tuesday’s trading session that saw major Wall Street indices record mixed performances. “It is so easy to…
[ad_1] Former Labor Secretary Robert Reich believes the terms between Kevin McCarthy and other hardline members in the run-up to this confirmation as House Speaker, as reported by certain media outlets, could be the…
[ad_1] Cathie Wood-led ARK Investment Management continued to buy Tesla Inc TSLA stock this week, as the flagship ARK Innovation ETF ARKK and the ARK Autonomous Tech. & Robotics ETF…
[ad_1] Oil prices were mixed on Tuesday following China recording its weakest economic growth in about half a century, while reversal from its zero-COVID policy late last year kept hopes of recovery…
[ad_1] With the Federal Reserve expected to slow down its pace of rate increases this year and eventually mark an end to the tightening cycle, analysts expect gold prices to shoot to…
[ad_1] Palantir Technologies Inc PLTR CEO Alex Karp has reportedly said the company is still looking to expand its headcount even as it examines its spending and faces economic uncertainty. Karp told Reuters…
[ad_1] Philipp Hildebrand, vice chairman of BlackRock Inc BLK reportedly said he expects inflation to decline rapidly and that central banks would continue on their tightening path. “I think inflation is going to drop very, very…
[ad_1] Activist investor Ryan Cohen has reportedly acquired a stake in Chinese e-commerce giant Alibaba Group Holding Ltd. BABA worth hundreds of millions of dollars and is privately nudging the company to hasten its share-repurchase…
[ad_1] China is reportedly acting to take “golden shares” in local units of Alibaba Group Holding Ltd BABA and Tencent Holdings Ltd TCEHY as part of the government’s efforts to have a greater role…
[ad_1] John Rogers, chairman and co-CEO of Ariel Investments, said the U.S. will avoid a recession this year as the Federal Reserve reins in inflation. “We are much more optimistic today than a year ago,”…
[ad_1] Federal Reserve officials on Thursday reportedly sounded relief that inflation continued on its downward path in December, which could likely lead to a step down to a 25 bps interest rate…
[ad_1] Major Wall Street indices closed in the green on Thursday after U.S. December inflation fell in line with expectations. The consumer price index rose 6.5% in December, down from…
[ad_1] Allianz chief economic adviser Mohamed El-Erian pointed to three main factors behind the recent market gains. “Markets continue to be bolstered by 3 views gaining more traction this new year: Sustained boosts…
[ad_1] Ahead of the release of U.S. inflation data on Thursday, which could drive the Federal Reserve’s policy decisions, gold prices held steady after hitting an eight-month peak on Wednesday.…
[ad_1] Prominent market commentator Jim Cramer said on Wednesday the markets’ recent gains could turn into a sustained rally. “The charts, as interpreted by Larry Williams … suggest that the market could have a very nice…
[ad_1] Cathie Wood-led ARK Investment Management continued to load up on Tesla Inc TSLA stock for the fourth straight session on Wednesday, having purchased 91,523 shares at an estimated valuation…
[ad_1] Major Wall Street indices closed in the green on Wednesday as optimism over a decline in inflation gained momentum ahead of the release of consumer price index data on Thursday. The…
[ad_1] Susan M. Collins, president of the Federal Reserve Bank of Boston, reportedly said she was leaning toward a 25 bps interest rate hike at the next FOMC meeting –…