“Magnificent Seven” Stocks to Buy First in August
When volatility picks up, investors have a tendency to gravitate to trusted companies that have a history of outperforming the broad-market indexes.
Foreigners are Net Sellers of Japanese Bonds for Third Straight Week
Foreign investors were net sellers of Japanese bonds last week, as local bond prices fell after the Bank of Japan tweaked its bond yield curve control scheme to allow interest rates to rise more freely in line with increasing inflation.
Private Sector Added 324,000 Jobs in July, Well Above Expectations, ADP Says
Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality jobs, payroll processing firm ADP reported on Wednesday, August 2.
G20 environment meeting ends without agreement on climate crisis
Environment ministers from G20 nations have failed to agree on ways to curb emissions and other crucial measures to address the global climate crisis ahead of the UN climate change conference at the end of the year.
World Gold Council's Mid-Year Report: Gold Maintains Resiliency in H1
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.”
Morgan Stanley Raises Economic Growth Forecast, Citing Biden Infrastructure ‘Boom’
Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to reports.
Apple Stock Surges on Report Saying It’s Developing Own Version of ChatGPT
Apple (AAPL) stock popped briefly on Wednesday, July 19, after a Bloomberg News report said the company was developing its own artificial intelligence large language model internally.
Indonesian Banks Keep Top Slots in Market Cap Ranking on Solid Economic Recovery
Indonesia's GDP expanded by 5.03% in the first quarter of 2023, Reuters reported in May, citing data from Statistics Indonesia.
Will Cooling Inflation Help Sell Bidenomics?
U.S. annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics.
Meta's Threads Races to 100M Users in Under a Week
Meta's Twitter competitor is off to a strong start. According to Quiver Quantitative's Threads Tracker, Threads has more than 100 million users in less than 5 days since the app went live.
Binance’s CZ Eyes BlackRock and Fidelity’s Bitcoin ETFs
Binance CEO Changpeng Zhao has made his prediction for the next Bitcoin (BTC) bull run.
U.S. Inflation Unlikely to Fall to the Fed's 2% Target until at Least 2025, According to Jerome Powell
The Fed chairman's remarks on Friday suggested the central bank's fight against inflation is far from over – raising the possibility that policymakers will keep raising interest rates until price pressures cool further.
Best Long Term Stocks, India: Reliance Industries Overview
Reliance Industries Limited (RELI.NS) is an India-based company which operates in the Oil to Chemicals (02C), Oil and Gas, Retail, Digital Services, and Financial Services segments and is one of the best shares to buy for long term.
BIS Admits Further Monetary Measures Look Unlikely to Cope with Global Inflation
According to FT, the Bank for International Settlement has said,.global governments should either raise taxes or cut public spending to help central banks tame inflation and mitigate the risk of a financial crisis.