High Interest Rates Likely Dampened Americans’ Economic Mood: StudyDespite a strong job market and diminishing inflation, American sentiment towards the economy remains deeply pessimistic. Researchers suggest this malaise may be attributed to the recent end of low borrowing costs. This perspective is pivotal as it highlights that the public’s dissatisfaction stems not only from inflation but also from the primary method used to […] READ MORE As Borrowing Costs Soar, Equity Becomes the New Frontier for Corporate FinanceThe once straightforward strategy of borrowing has become a complex decision for CFOs, thanks to soaring interest rates. This shift is largely due to the Federal Reserve and other central banks increasing interest rates to the highest levels in decades, which has significantly raised the cost of debt financing. Companies across the spectrum—from smaller firms […] READ MORE Morgan Stanley Economist Foresees Inevitable Recession Due to Fed's Rate HikesMorgan Stanley’s chief US economist, Ellen Zentner, says a hard-landing recession for the US economy is basically guaranteed. Zentner says the full impacts of the Federal Reserve’s tightening hadn’t been fully felt in the economy. It could take 18 months after the last rate hike to feel the full weight of higher rates. READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained ExpansionIn the last quarter of the year, the U.S. economy expanded at a solid 3.2% annual rate, slightly less than the initial 3.3% growth estimate by the Commerce Department. This growth, spurred by robust consumer spending, marks a deceleration from the 4.9% growth experienced in the third quarter but continues the trend of the U.S. […] READ MORE Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut SpeculationOil prices traded within a narrow range as the market balanced concerns over rising U.S. crude inventories with the anticipation that OPEC+ might prolong its supply reduction strategy. West Texas Intermediate (WTI) experienced a slight decrease, hovering around $78 per barrel, influenced by a broader risk-averse sentiment among traders. This reaction came after the Energy […] READ MORE Injecting New Life into the World’s Deepest MineHarmony Gold Mining Co. plans to invest 7.9 billion rand ($410 million) to significantly extend the life of the Mponeng mine, the world’s deepest mine, from seven to 20 years. This decision contrasts with the broader trend of decline in South Africa’s gold industry, which has seen production drop to less than a fifth of […] READ MORE How Gen Z's Interest in Gold is Shaping the MarketGold is experiencing a notable resurgence in popularity, particularly among the Gen Z demographic, as it regains its status as a coveted asset. This revival in interest comes despite the previous shift towards diamonds and other gemstones among Chinese consumers. The Spring Festival holiday saw strong gold consumption, with prices remaining high, yet not deterring […] READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic UneaseIn February, consumer confidence in the U.S. experienced its first decline since November, marking a notable shift in public sentiment regarding the economy. The Conference Board reported a decrease in the Consumer Confidence Index to 106.7, down from January’s revised figure of 110.9. This decline came as a surprise to many, particularly following January’s preliminary […] READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024Gold prices are currently experiencing a slight decline, sitting at $2,041.7 per troy ounce, with a modest outlook for imminent price increases according to Macquarie analysts. Despite gold’s strong recent performance, driven largely by significant physical demand from China, the prospect for near-term price growth remains limited. This is attributed to the inverse relationship between […] READ MORE « Previous 1 … 14 15 16 17 18 … 50 Next »
