U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street led by retail sales which rose higher than expected and a surprise earnings beat from Citigroup. Data from the Commerce Department on…
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U.S. Stock Market Stabilized After Brutal Sell-Off
U.S. stock markets stabilized over the week ending July 8 after a brutal selloff in the first half of the year against the backdrop of a surge in inflation, the Ukraine conflict, and the Fed’s…
Tighter Financial Conditions To Fight Against Inflation
Stocks rose on Friday to start the month of July with gains after major indexes the Dow Jones and the S&P 500 closed out their worst first-half performance in decades. Earlier gains for U.S. stock…
Wins on Wall Street After Brutal Sell-off
The S&P 500 had its second winning week in the last three months, providing a bit of relief from the market’s brutal sell-off this year while racking up more gains on Wall Street. The benchmark…
US Inflation in May 2022 at all time high!
United States Events U.S. stocks sank Friday as investors digested double blows on news of the U.S. economy. May data on inflation showed price increases unexpectedly accelerated last month, with consumer prices rising 8.6% year-over-year in…
Are we heading for a recession? Stay ready…
You’d think the Labor Department’s employment report on Friday about the addition of 390,000 jobs to the US economy for May would be welcomed news for everyone. But the reaction from US stock market traders was just…
Short Relief in the US Market
Stocks on Wall Street raced higher on Friday to snapping a punishing losing streak that had almost ended its bull market. Investors’ optimism over the course of the week was boosted by a slew of…
A Bear Market Is Near
Investors’ deep pessimism about the health of the global economy and the buying power of the American consumer was evident in market trades last week. U.S. stock futures bounced Friday, one day after continued selling on…
Why High US Inflation Could Spell Danger In Months To Come
With the US inflation rate now at the highest it has been in four decades, after rising 8.5% in March, consumers should brace for resultant economic changes, including rising interest rates, in the months to…
What in the Elon Musk is happening at Twitter?
In case you missed it, the world’s richest man, Tesla CEO Elon Musk, is in the market for a new shiny toy and has set his sights on acquiring none other than public information sharing…
