Author: iannouncethis.com

What Is Supply-Side Economics? Supply-side economics is a widely held belief that increasing the supply of goods and services powers economic growth. A key tenet of this theory is creating a better climate for businesses—the suppliers. Supply-siders reckon that when companies and the rich are wealthier, everybody prospers, so their policies typically center on tax cuts, deregulation, and lower interest rates. Evidence suggests that this theory may not always work. In this article, we’ll take a look at the background of supply-side economics along with some of its faults. Key Takeaways Supply-side economics, which is based on the belief that…

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest market news check out finance.yahoo.com ——————————– Stocks rebounded Thursday after a wave of central-bank hikes and Federal Reserve Chair Jerome Powell’s second day of testimony to Congress took center stage in the financial world. After slumping much of the day, the S&P 500 (^GSPC) finished up 0.37%, while the Dow Jones Industrial Average (^DJI) ended just below the flatline. The tech-heavy Nasdaq Composite (^IXIC) led gains, popping nearly 1%. Tech stocks had led the way lower in the previous session, raising…

Key highlights:The total cryptocurrency market cap increased from $ 1.05T to $ 1.05T in the past 24 hours, representing a 0.27% changeThe Bitcoin price at press time is $ 25,900 after growing by 0.30% in the last 24 hoursThe total crypto trading volume increased by 0.27% in the past 24 hours, and is currently at $ 103.81BAll prices and changes are presented at the time of publication: September 3, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.05T after a 0.27% increase on the day. The total crypto trading volume increased by 0.27% in the same time frame.Bitcoin is trading at…

Homeowners in Britain are increasingly improving existing homes rather than moving, data from MyBuilder.com shows.Homeowners in Britain are increasingly improving existing homes rather than moving, data from MyBuilder.com shows. A third (33%) of homeowners are delaying moving house due to rising mortgage rates – instead choosing to extend, renovate, or generally improve their existing home. This could mean there will be more demand for plumbers, electricians, builders, and other tradespeople in the months ahead. Andy Simms from MyBuilder.com said: “For some time, builders, electricians, plumbers, carpenters, and other tradespeople have been in high demand, and this new research suggests that…

What Are Open Market Operations? The U.S. Federal Reserve conducts open market operations by buying or selling Treasury bonds and other securities to control the money supply. With these transactions, the Fed can expand or contract the amount of money in the banking system and drive short-term interest rates lower or higher depending on the objectives of its monetary policy. Key Takeaways The Federal Reserve buys and sells government securities to control the money supply and interest rates. This activity is called open market operations.The Federal Open Market Committee (FOMC) sets monetary policy in the United States, and the Fed’s New York trading…

Shares of investment giant Blackstone Inc. and vacation-home rental platform Airbnb Inc. rallied after hours on Friday after both won the nod to join the S&P 500 index SPX later this month. The announcement, from S&P Dow Jones Indices, said that the change would take hold before the start of trading on Monday, Sept. 18. The move, among others announced Friday, will “ensure each index is more representative of its market-capitalization range,” according to a release. Airbnb ABNB, +0.87% currently has a market value of $83.98 billion, and its shares are up 64.7% so far this year. Blackstone BX, -1.77%,…

The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote buying.  These allegations, made in recent files on Thursday, cast a shadow over GGC’s efforts to wind down its operations and restore funds to former customers.  Genesis Global’s Complex Relationship with DCG One of the central issues in the Genesis bankruptcy case has been the treatment of over a billion…

When most people challenge deeply ingrained wisdom about finances, they’re greeted with eye rolls. When one of the world’s most successful financial gurus is the contrarian, people listen. Such was the case with Warren Buffett’s 2013 letter to Berkshire Hathaway investors, which seemed to challenge one of the longstanding axioms about retirement planning. Buffett noted that upon his death, the trustee of his wife’s inheritance was instructed to put 90% of her money into a very low-fee stock index fund and 10% into short-term government bonds. This is what is called the “90/10 investing strategy.” Key Takeaways In a 2013 letter…

Chris Tsai, son of legendary investor Jerry Tsai, grew up at the feet of Wall Street’s smartest investors. He says he’s driven by fundamentals, but his portfolio’s success tells another story. By Sergei Klebnikov When he was just a teenager, Christopher Tsai would telephone the venerated chief executive of Bear Stearns, Ace Greenberg, to ask why he was buying different stocks like oilfield services giant Schlumberger. Greenberg personally managed money for some of Tsai’s family at the time—including a custodian account that Christopher’s parents had set up for him. “It drove him crazy—I was the only 16-year-old that would call…

editors Posted: September 2, 2023 Bitcoin holders with a 0.1% supply of BTC added more than $1.5 billion in BTC holdings. BTC’s MACD showed some recovery, however, the RSI still remained at the mercy of selling pressure.  Bitcoin [BTC] managed to end August on a sad note given its drop to the $25k price level on 31 August. Furthermore, at press time, the king of cryptocurrencies didn’t exactly make a positive move on the price charts. It traded at $25,641 at the time of writing which was 1.50% lower over the last seven days, data from CoinMarketCap indicated. Read Bitcoin’s [BTC]…