Oil prices are climbing to set new high records as fears of economic recession grow among investors. The tech sector’s hopes didn’t get as high as expected for the first quarter as the chipmaker crisis extended to some degree. The Wall Street indexes fell during Wednesday evening trading hours, with the S&P down 0.92% and […] More
The labor department releases Mai’s report, and Musk fears the possibility of a market crash. Wall Street and the stock market had a minor fall on Friday after the jobs report was released by the U.S. labor department. According to the report, the U.S. labor department added 390.000 new jobs in May. The number was […] More
Firms in the United States believe that the Federal Reserve’s interest rate hike is a bad business strategy with disastrous long-term consequences. The Federal Reserve will officially start reducing its $9 billion balance sheet anytime this week as fears of an economic slowdown rise. Wall Street remains vulnerable to global political and economic trends, having […] More
New home sales in the U.S. declined for the fourth month amid fears of a market recession. A recession in the United States appears more likely these days, and Wall Street may crash soon, as two of the three major indexes are already in bear market territory. For the first time today, FED Chairman Jerome […] More
The market fears the monkeypox economic effects. Consumer confidence fell by 0.9%, and the EU approved sending weapons to Ukraine. U.S. stocks rose today as fears of soaring energy prices and inflation increased among investors. As for the recent update about the Ukrainian war, the U.S. in its last statement confirmed that about 20 nations […] More
The S&P 500 has entered a bear market after falling 1.9% in Friday afternoon trading as concerns about interest rate policy tightening grow. Before the COVID pandemic, the Russian war, and China’s recent economic crisis, the stock market was generally trending upward. All these factors have pushed the stock market in confusing directions, and no […] More
Existing-home sales in the United States fell 2.4% in April compared to March. Existing home prices jumped by 14.8% year over a year starting in April, the highest record in the last 3 years. Experts agree that high inflation pressure, high cost of materials, and supply chain issues have affected existing house sales in the […] More
The U.S might block Russian debt payments and the EU announced its $220 billion plan for the next five years. It’s been more than three months since Russia initiated its military operation in Ukraine, after rising tension between the two countries. The U.S. and its allies conduct a series of hard and unseen economic sanctions […] More
April retail sales rose by 0.9%, adding extra support to the U.S economy The wall street indexes close lower Tuesday as investors fear the long-term effect of the federal reserve tightening policy. The S&P and Nasdaq are heading for their seventh week of losses, making it one of the first quarter in stock market history. […] More
The global bond and equity markets fell as oil prices rose by 3% on average in the U.S. The bond and equity markets in the United States fell sharply on Monday following disappointing and alarming Chinese economic data. As it seems, the spread of COVID cases and the lockdown in China have affected several sectors […] More
The inflation data was a relief to traders and experts; the Federal Reserve might tame inflation without causing catastrophic job losses. Wall Street and global stocks bounced back higher by Friday evening, recording rises in both U.S. and European stocks. However, in the sense of recovery, it isn’t enough since global stocks are heading towards […] More
The monthly producer index fell from 1.6% to 0.5%, while 30-year Treasury yields reached their highest level since 2009. The continued increases in hot market prices and today’s data brought some positive news to the market. Despite being above experts’ forecasts but below last month’s rate, yesterday’s CPI reports were easing in some ways. Today, […] More