OPEC will cut oil production by 100,000 barrels a day despite its agreement to increase its production. A month after OPEC officials and its allies agreed to increase oil production in August to supplement the market’s low oil supplies. On Monday, OPEC officials stated that they will start cutting their oil production by 100,000 barrels […] More
The U.S. unemployment rate points higher than expected and the Dow headed for the third week of losses after a disappointing non-payroll report. On Friday morning, the U.S Bureau of Statistics released the August job growth report, which was lower than experts forecasted. The Dow Jones opened lower minutes after releasing the non-payroll report. The […] More
Wall Street fell for three consecutive days as fears of more aggressive interest hikes by the Federal Reserve. The West Texas intermediate in the United States rose 48 cents to $99.72 per barrel today, following a better-than-expected stock fuel report. Wall Street recorded three consecutive days of today’s trading. The S&P is down by 1.10% […] More
The S&P fells, Nasdaq declines and the Dow is down after Jerome Powell remarks on the Federal Reserve’s next steps As expected, the Federal Reserve will remain committed to its mission, which is bringing down the all-time inflation rate. Today, Jerome Powell, in his annual speck at Jackson Hall, remarked that there will be more […] More
The U.S consumer and cruise stocks climbed and investors are getting anxious about September’s interest rate hike. Later this week, investors are expecting the monetary policymakers to announce their next interest rate hike percentage. Or, at the very least, clarify whether the Federal Reserve tightens or loosens monetary policy. Over the past 14 days, Wall […] More
BTC price fell to $21.000 as Stocks sank amid fears of new aggressive interest hikes The S&P 500 and the Nasdaq index slumped, and the BTC prices declined by 6% to below $22.000. Today in the opening session Tech stocks declined and posted a 2.07% decrease by the end of the evening. The crypto market […] More
The S&P 500 and Nasdaq opened lower on Wednesday as investors worried about an economic slowdown. The Nasdaq is up by 23% from June’s 16% low. The tech-heavy giants have performed very well in the past few weeks. Today, the tech giant’s index opened lower, recording a 1% decline in the tech-heavy index. The S&P […] More
The U.S. gas prices declined by 20% this month, encouraging consumers and improving their sentiments. After releasing a better-than-expected CPI report, Wall Street stocks in the United States rose for the third day in a row. Today, Routers reports noted that the U.S consumer’s sentiment jumped higher than expected in August. According to the White […] More
The S&P 500 climbed to its highest level since May after a better-than-expected CPI print report. In recent days, Tesla CEO Elon Musk has said that inflation has peaked and we will see declines in food and energy prices in the next half year. Today the consumer price index came to support Elon’s view on […] More
Wall Street wavers after a strong July jobs report. After the US Bureau of Statistics released July job reports on Friday morning, Wall Street gained some traction. The S&P 500, Nasdaq, and Dow have all lost ground in the last three days as tensions between China and the United States have risen. The visit to […] More
The visit of US House Speaker Nancy Pelosi to Taipei Taiwan might start another war amid fears of tightening supply chain disruption. The tension between Taiwan and China escalated to a threatening level after Nancy visited Taiwan. The Chinese forging minister stated that the US House Speaker’s visit to Taipei was a valuation of China’s […] More
Wall Street extended its gains, and the U.S has begun an economic dialogue with Japan regarding the semiconductor industry Nasdaq and S&P extended rebounds this Friday morning, the tech-heavy Nasdaq index rose by 0.6%, and S&P increased by 0.55%. The Dow Jones indexes saw a minor increase estimated at 0.2%. Despite inflationary pressure, labor shortages, […] More