[ad_1] Ahead of the release of the Federal Reserve’s December policy meeting minutes on Wednesday, gold prices hit a six-month high, albeit in thin trading. Spot gold was trading higher by 0.98% at…
[ad_1] Former Treasury Secretary Lawrence H. Summers believes the rest of the world will suffer greatly if the United States does not control inflation and rates ultimately rise far above current levels, much…
[ad_1] Sen. Elizabeth Warren (D-Mass.) has reiterated the need to put an end to Congress members trading or owning stocks while in office. “Let’s start the new year and the new Congress off…
[ad_1] As the Federal Reserve hiked its policy rate by over four percentage points in 2022 to tackle rising inflation, the U.S. Treasury market registered a record annual loss. The U.S.…
[ad_1] Nobel laureate and noted economist Paul Krugman believes controlling inflation by inducing a recession is like stopping the action on the field until everyone sits down again. “It works,…
[ad_1] As the Federal Reserve hiked its policy rate by over four percentage points in 2022 to tackle rising inflation, the U.S. Treasury market registered a record annual loss during…
[ad_1] International Monetary Fund Managing Director Kristalina Georgieva reportedly said on Sunday that 2023 is going to be a tough year for much of the global economy, as the main…
[ad_1] In 2022, financial markets witnessed one of the worst routs in history, dragged by the war in Ukraine, rising inflation and subsequent hawkish policies deployed by central banks. What…
[ad_1] Electric vehicles may be picking up traction among consumers but the rout in the financial markets in 2022 made sure no sector was spared in terms of stock price.…
[ad_1] 2922 certainly didn’t do well in the diaries of optimistic market commentators and forecasters, including ones who thought inflation and the market rout would be short-lived. Not only was inflation…
[ad_1] ‘The Big Short’ investor Michael Burry who rose to prominence betting against the housing market in the run-up to the 2008 financial crisis has expressed his skepticism over the…
[ad_1] Former Secretary of Labor Robert Reich has expressed concerns over the increasing power of select organizations and said that corporate concentration is everywhere. What Happened: Reich cited examples of corporate mergers…
[ad_1] Major Wall Street indices closed over 1% higher on Thursday after the much-awaited year-end rally materialized in the form of dip-buying. The Nasdaq Composite closed 2.59% higher while the…
[ad_1] Hong Kong shares opened in the green on Friday with the benchmark Hang Seng gaining 0.9% in morning trade taking cues from Wall Street which witnessed the much-awaited rebound…
[ad_1] As Tesla shares continued to rally for the second day, Cathie Wood-led ARK Investment Management bought 22,514 shares of the EV-maker at an estimated valuation of over $2.74 million.…
[ad_1] As Tesla Inc TSLA shares witnessed a surprise rebound on Wednesday, Cathie Wood-led ARK Investment Management loaded up on the EV maker’s stock, having purchased 17,960 shares at an…
[ad_1] Hong Kong stocks opened mixed on Thursday morning, taking cues from Wall Street where major indices closed in the red on Wednesday as investors and traders lost optimism regarding…
[ad_1] Major Wall Street indices closed in the red on Wednesday as investors and traders lost optimism regarding any possible year-end rebound and braced themselves for the new year while…
[ad_1] Hong Kong stocks opened mixed although the benchmark Hang Seng rose over 2% in morning trade as China has removed some of its COVID restrictions earlier than anticipated. Shares…
[ad_1] On a day Tesla Inc TSLA stock dropped to over two-year lows, Cathie Wood’s ARK Investment Management took the opportunity to load up on the EV maker’s shares, displaying its…
[ad_1] U.S. markets opened lower on Tuesday in a truncated week after rising bond yields dragged major growth stocks and indices. The yield on the 10-year benchmark Treasury notes rose…
[ad_1] The Bank of Russia could hike interest rates next year if inflationary risks such as labour shortages and import restrictions make a meaningful impact, according to Deputy Governor Alexei…
[ad_1] U.S. natural gas supplies were constrained after extreme weather caused wells and pipes to freeze, although some recovery seemed to be underway. What Happened: Output declined as low as…
[ad_1] Turkish President Recep Tayyip Erdogan said on Monday the country has raised its estimate of natural gas reserves in the Black Sea by about a third, following an appraisal work…
[ad_1] Former Treasury Secretary Larry Summers said although the economy looks in better shape at present, the greater risk is that it will head towards recession at some point during…