Author: iannouncethis.com
There was new data out of the U.K. on Wednesday morning, showing prices falling more than expected, further evidence that a global disinflationary trend is under way.How far and how long inflation will last are the key questions now for a stock market that has thrived in 2023, with the S&P 500 SPX surging 24%. Analysts at 22V Research led by Dennis DeBusschere have set out a playbook on how the market will react. They note that the Fed expects core PCE — 3.5% year over year as of October, with new data out Friday — will fall to 2.4%…
Inflation occurs when spending on goods and services outstrips production. Prices can rise because of supply constraints that increase the cost of producing goods and offering services, or because consumers, enjoying the benefits of a booming economy, spend their excess cash faster than producers can increase production. Inflation is often the result of some combination of these two scenarios. Governments generally try to keep inflation within an optimal range that promotes growth without dramatically reducing the purchasing power of the currency. Much of the responsibility for controlling inflation in the U.S. falls on the Federal Open Market Committee (FOMC), a Federal…
Bitcoin is poised for its best month in a decade with a 40% rise in January. Does that mean that the so-called crypto winter is waning? For now, the threat looming over the crypto industry has retreated broadly. #Bitcoin #crypto #WION About Channel: WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are…
ARMMY PICCA A recent warning by Yahoo Finance warns investors to sell their cash and buy bonds and stocks now as the Fed pauses. To wit: “Get out of cash now. Take advantage of some of these incredible things in the fixed-income markets, especially in the belly of the curve. Take advantage of the companies that are still available to you at reasonable prices,” said Gargi Chaudhuri, head of investment strategy at BlackRock iShares Americas. Such advice certainly goes against a mountain of historical evidence from both inverted yield curves and Fed rate cuts that suggest investors should be selling…
Journalist Posted: December 20, 2023 Low and whale tiers of Bitcoin wallets have been accumulating over the past weeks. Active addresses have, however, dropped in the past few days. Certain Bitcoin [BTC] wallets have persistently accumulated assets despite the prevailing price trend. However, the number of active addresses has been decreasing despite the accumulation of these wallets. Bitcoin wallets see accumulation variations According to a recent Santiment post, Bitcoin has shown diverse accumulation patterns across its lowest, mid, and high-tier wallets. The chart analysis showed a notable increase in accumulation among low-tier wallets holding 0-1 coins. This uptrend started around…
U.S. stock index futures were hovering around their highs of the year and just shy of record levels as investors continued to revel in an expected loosening of monetary policy by the Federal Reserve in 2024 amid a ‘soft landing’ for the U.S. economy.How are stock-index futures trading S&P 500 futures ES00, +0.17% rose 3 points, or less than 0.1% to 4796 Dow Jones Industrial Average futures YM00, +0.16% added 10 points, or less than 0.1% to 37688 Nasdaq 100 futures NQ00, +0.18% were unchanged at 16940 On Monday, the Dow Jones Industrial Average DJIA rose 1 points, or 0%,…
The federal minimum wage for nonexempt employees in the United States is $7.25 as of 2023. It’s meant to be a living wage but this isn’t the case in practice. The hourly rate hasn’t kept up with the cost of living since the late 1960s. The earnings of a minimum wage worker with a family of four fall well below the poverty line. Thirty states and the District of Columbia have minimum wage rates higher than $7.25 as of October 2023, however. Key Takeaways The federal minimum wage has stagnated at $7.25 an hour since 2009. Working for minimum wage does…
#INFLATION #youtube #RECESSION #yahoofinance DoubleLine Capital Founder and CEO Jeffrey Gundlach spoke with Yahoo Finance Executive Editor Brian Sozzi in an exclusive interview to discuss the state of the U.S. economy, the possibility of a ‘hard landing,’ China, the biggest risks to U.S. markets, and whether the bear market will continue. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial…
Tesla Inc. will give most hourly workers at its Nevada gigafactory roughly 10% raises starting in January, CNBC reported late Monday. Citing internal materials it obtained, CNBC said most hourly workers’ pay at the Sparks, Nev., battery factory will rise from $20 to $22 an hour at the low end and from $30.65 to $34.50 an hour at the high end. Tesla TSLA, -0.56% did not immediately respond for a request for confirmation or comment. The pay raises may be part of an effort to dampen union support at the facility. The United Auto Workers said last month it was…
The US Securities and Exchange Commission is expected to either approve or reject all applications for the Spot Bitcoin ETF on January 10, 2024. The community has been waiting for the moment since 2023; however, many members anticipate that this could be the ultimate deadline. The assumption is based on the involvement of big names … Source link