Persistent Inflation Challenges Eurozone, Core Prices Higher Than AnticipatedInflation in the Eurozone slightly cooled to 2.6% in February, yet it remained above economists’ expectations, signaling a persistent inflationary pressure within the economy. Despite anticipations of a decline, core inflation, which excludes volatile items such as energy, food, alcohol, and tobacco, also exceeded forecasts at 3.1%. Notably, food, alcohol, and tobacco prices led with […] READ MORE This Tax Tip Could Save You ThousandsDid you know the IRS taxes gold at a higher rate than securities? But there’s a little-known, perfectly legal, way around that… READ MORE Nasdaq and S&P 500 Continue to Climb, Celebrating Stellar FebruaryThe S&P 500 and Nasdaq Composite surged to record highs in February, marking the best performance for the month in almost ten years. This rally was buoyed by investor reactions to a critical inflation report, signaling robust confidence in the market. The Nasdaq Composite experienced a significant upturn of 0.9% to close at 16,091.92, achieving […] READ MORE Gold Market Shines During Spring Festival, Yet Slower Growth Expected AheadGold consumption over the extended Chinese New Year holiday in 2024 demonstrated a strong market appetite, reflecting a positive start to the year. Despite a vibrant start, expectations for the year suggest a more tempered outlook for gold jewelry demand, anticipated to grow but at a slower rate compared to 2023, owing primarily to a […] READ MORE Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic ResilienceFormer Federal Reserve President Thomas Hoenig expressed surprise at the prospect of the Federal Reserve cutting interest rates three times in 2024, considering the current economic landscape. Speaking on CNBC’s “Squawk on the Street,” Hoenig suggested that, based on the resilience of the economy, persistent inflation above 3%, strong consumer spending, and low unemployment rates, […] READ MORE Thursday's PCE Price Index Release to Shine a Spotlight on Inflation TrendsOn Thursday, the Commerce Department is set to release the January figures for the personal consumption expenditures (PCE) price index, which is highly regarded by the Federal Reserve as a key measure of inflation. Economists surveyed by Dow Jones anticipate a monthly increase of 0.3% and a year-over-year rise of 2.4%. This upcoming release is […] READ MORE Could the Chinese Yuan Overtake the US Dollar?The longstanding dominance of the US dollar in global markets is being challenged by the rising prominence of the Chinese Yuan. For years, the dollar’s status as the world’s reserve currency made it a cornerstone of international finance, but recent trends towards de-dollarization, spurred by high inflation and geopolitical tensions, have begun to erode its […] READ MORE Inverted Yield Curve Signals Caution, But Economic Strength Defies PredictionsFor the past 16 months, one of Wall Street’s most trusted indicators for predicting recessions, the inverted yield curve, has been signaling a potential economic downturn. This phenomenon occurs when the interest rates on short-term bonds exceed those of long-term bonds, traditionally seen as a harbinger of recession. However, despite this alarm, the actual economic […] READ MORE The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This MonthThe Billion-Dollar Sell-Off: This month, notable figures including Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have collectively divested $11 billion worth of their company shares, marking a first for some in this high-profile group. Do they know something we don’t? READ MORE « Previous 1 … 25 26 27 28 29 … 62 Next »
