U.S. Nonfarm Payrolls Up by Just 142K in August
Nonfarm payrolls in the U.S. increased by 142,000 in August, according to a report by the Bureau of Labor Statistics on Friday.
There’s “Something” to Buy Before It Soars by More Than 84,000 Percent, According to Michael Saylor
Michael Saylor, Executive Chairman at MicroStrategy (MSTR), thinks a single Bitcoin (BTC) could be worth as much as $49 million by 2045, implying 84,380% upside from its current price.
Weekly Mortgage Demand Stalls, Even Though Rates Drop to Lowest since April 2023
U.S. mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed.
Eurozone Negotiated Wage Growth Slowed to 3.6% in 2Q, ECB Says
Eurozone negotiated wage growth slowed to 3.6% in 2Q, ECB says The Eurozone's negotiated wage growth decelerated to 3.6% in Q2 2024, according to data released by the European Central Bank (ECB).
U.S. Consumer Sentiment Tumbles as ‘Recession-like’ Symptoms Spread among Americans
Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan.
China's July Exports Climbed 7%, Lightly Missing Forecasts, but Imports Grew a Robust 7.2 Percent
China's exports climbed 7.0% in July from a year earlier, a slower pace of growth than in June and missing expectations, but imports rose 7.2%, customs data showed on Wednesday, August 7.
No Rate Cuts Yet: Fed Maintains Interest Rate Unchanged at Historic Highs
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25—5.5%, according to the latest report from the Federal Open Market Committee (FOMC).
China’s Third Plenum Vows Support for Private Sector, Stable Climate for Foreign Firms
Better protection for private sector rights was among hundreds of reform goals laid out by China’s ruling Communist Party following a key, long-awaited policy meeting.
Cocoa, Robusta Coffee, Copper and Many More Commodities Reflect Rising Inflation Fears Amidst Talks of the Expected Fed’s Rate Cuts
Even though U.S. stock market valuations went through the roof, AI monetization remains iffy, and the upcoming presidential elections bring a lot of uncertainty, making it prudent to downsize equities portfolios, one thing will keep making our investments profitable for the coming months.
Treasury Yields Extend Declines after ISM Data Provides Signs of Waning U.S. Growth
Treasury yields extended declines seen earlier on Wednesday, July 3, after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020.
Japan To Revise GDP Figures Amid Concerns Of Economic Contraction
The upcoming revision stems from updated construction orders data, with analysts predicting a 2.7% annualized contraction, up from the current 1.8%.
Top Fed Official Says Slowing U.S. Retail Sales Bolster Rate Cut Chances
A top U.S. Fed official, Adriana Kugler, a Fed governor, suggested price cuts at big retailers and weaker sales should point that a slowdown in consumer spending has “finally” begun, increasing the chances that the regulator will venture to finally start lowering interest rates this year.
By Having Implemented Stock Split, NVidia Simply Followed Footsteps of Tesla and Expects a Similar Outcome
Nvidia (NVDA) stock has more than tripled over the past year alone, to trade at just over $125.20 as of the market close on Wednesday, June 12, taking into account its recent share split.
Re-Election Modi Runs India on a Fast-Growth Trajectory
Prime Minister Narendra Modi has won the Indian elections but lost his absolute majority: his BJP party has won 240 seats on 543 in the Indian parliament, but this time failed to obtain the majority, which could weaken his policymaking.