[ad_1] Former Treasury Secretary Lawrence H. Summers believes there is still a long way to go in getting inflation down to where the Federal Reserve wants it. “We are still…
[ad_1] Hong Kong stocks opened mixed on Friday morning as investors and traders remained cautious ahead of the release of U.S. jobs data — a key factor that will determine the Federal…
[ad_1] Allianz chief economic adviser and noted economist Mohamed El-Erian has been expressing his concerns over the market’s reaction to Federal Reserve Chair Jerome Powell’s speech. Extending his reservations on…
[ad_1] Cathie Wood-led ARK Investment Management bought over 39,000 shares of cybersecurity technology company Crowdstrike Holdings Inc (NASDAQ: CRWD) at an estimated valuation of over $4.6 million on Wednesday. The purchase was done via the ARK Next…
[ad_1] Former Treasury Secretary Lawrence H. Summers believes Wednesday’s JOLTS report shows the labor market is cooling very slowly and will likely continue to be extraordinarily tight for some months…
[ad_1] Allianz chief economic adviser and noted economist Mohamed El-Erian has expressed concern over the market’s reaction to Federal Reserve Chair Jerome Powell’s speech on Wednesday where he said the…
[ad_1] Hong Kong stocks soared on Thursday with the benchmark Hang Seng opening 2.47% higher following Federal Reserve Chair Jerome Powell’s speech that indicated the central bank may slow the…
[ad_1] Major Wall Street indices soared on Wednesday after Federal Reserve Chair Jerome Powell said the central bank may slow the pace of rate hikes as soon as December while…
[ad_1] Prominent market commentator Jim Cramer on CNBC’s “Mad Money Lightning Round” said on Monday that Rio Tinto Plc RIO is a great hedge against long-term inflation. Shares of the company closed over 4% higher on Tuesday…
[ad_1] “The Big Short” fame investor Michael Burry has voiced his concerns over a potential recession asking what strategies will pull people out of a recession. The legendary investor, in…
[ad_1] Hong Kong shares opened in the red on Wednesday morning Asia trade after China’s November factory activity narrowed at a faster pace. The official manufacturing purchasing managers’ index (PMI)…
[ad_1] Major Wall Street indices ended flat on Tuesday as investors and traders shifted their focus to Federal Reserve Chair Jerome Powell’s scheduled speech on Wednesday at an event hosted by the Brookings Institution in Washington.…
[ad_1] Prominent market commentator Jim Cramer has analyzed a chart by Carolyn Boroden to highlight that the S&P 500 is at a critical moment from where it could move higher…
[ad_1] St. Louis Federal Reserve President James Bullard said on Monday the central bank needs to hike interest rates quite a bit going further and hold them there throughout 2023…
[ad_1] Prominent market commentator Jim Cramer said on Monday that a strong labor report could lead the Federal Reserve to start talking about enormous rate hikes, according to CNBC. “We…
[ad_1] Allianz chief economic adviser and noted economist Mohamed El-Erian believes it is important to keep an open mind on the probability of a recession in the U.S. as well as its characteristics if…
[ad_1] Hong Kong stocks opened higher on Tuesday, with the benchmark Hang Seng rising 3% in morning trade, despite continuing unrest in China over Xi Jinping’s strict COVID-19 restrictions. Investors and…
[ad_1] Major Wall Street indices closed over 1% lower on Monday after protests in China against COVID-zero policies led to supply chain concerns. Oil also took a hit with the…
[ad_1] Oil futures declined over $2 a barrel in Asian trading on Monday, with West Texas Intermediate (WTI) hitting its 11-month low mark weighed by protests in China over Xi…
[ad_1] Wall Street indices closed mixed on Friday with the Nasdaq and the S&P 500 closing in the red while the Dow ended the session higher. Investors and traders balanced…
[ad_1] Peter Schiff, chief economist and global strategist at Euro Pacific Capital, has highlighted the effects of inflation using an ‘entertaining’ example. Schiff said in a tweet that many price hikes…
[ad_1] Hong Kong stocks witnessed a sharp decline on Monday with the benchmark Hang Seng falling over 3% in morning trade as the unrest in China over Xi Jinping’s COVID-zero…
[ad_1] Cathie Wood and Elon Musk are known to have openly supported each other’s ideas on Twitter. What Happened: On Friday, Wood cited Musk’s tweet about how moving closer to…
[ad_1] Billionaire investor and founder of Pershing Square Holdings, Ltd. PSHZF Bill Ackman has revealed he has a large notional short position against the Hong Kong dollar saying the currency’s…
[ad_1] Ghana’s government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President Mahamudu Bawumia said in…