The big six U.S banks’ investment banking revenues will decline by 35% in the first quarter. The Kremlin announced this morning that its special military operation might end soon since it has served its purpose. The war has increased fears and worries among global investors and banks. Today, the E.U announced that it has frozen […] More
The Russian ruble is at its near-normal level compared to the U.S dollar The western sanctions against Russia were considered two-edged swords, and we are seeing their results now. At first, the sanctions were meant to tighten the Russian economy, but Putin was smart, and now the rubble is at its highest level since the […] More
The central bank will raise interest rates steady while starting a balance sheet reduction. According to the latest development between Russia and Ukraine, Russia conducted a military operation and hit major Ukrainian oil facilities. On top of that, various reports say that the Russian military force has committed war crimes in Ukraine. The European Union […] More
A disaster might hit the U.S. economy. How is that? Despite concerns about new sanctions against Russia and their impact on the global supply chain, the S&P and NASDAQ led the gains this morning. The giant social media site, Twitter, bounced back by 20%, recording one of its best shares climbs since the pandemic. Global […] More
Despite the March labor growth report results, the market is still in a healthy position. This Friday morning, the Bureau of Labor Statistics issued March job growth and an unemployment rate. The report wasn’t surprising for investors and economists. The U.S is dealing with three fronts, which are inflation, the Russian war, and interest hikes. […] More
The inflation-adjusted rate in the United States fell by 0.4% in February, exceeding experts’ expectations. Treasury yields remain lower, mortgage rates are climbing steadily, the S&P started today in a low position, and the USD remains high. The inflation rate is rising and accelerating at high rates, and experts are raising red flags. The U.S […] More
Fuel prices are near record highs after rising fears of tight supplies and new sanctions against Russia. Fuel prices are near new record highs. Oil prices rose by 3% this Wednesday morning, and gasoline is getting closer to the 11th March record of $4.33 per gallon. The Russian war and its impact are putting their […] More
Wall Street sentiment is improving following Tuesday’s gains, and the Russian ruble has rebounded to its highest level in the last 30 days. The Russian ruble rose on Tuesday morning to its highest level in the past 30 days. The Russian currency had plummeted as a result of US sanctions against Russia. On March 7, […] More
U.S. millionaires might have to pay 20% of their annual income. Apparently, the white house parties won’t get along these days after today’s announcement. U.S. President Joe Biden today made a new and bold proposal that indicates all millionaires with a minimum of $100 worth should pay high taxes. The proposal has been on the […] More
The Federal Reserve might increase interest rates by 50% in Mai, June, July, and September. The Federal Reserve’s policies remain a concern for traders and economists due to the high inflation pressure and the market downturn. The City Group bank experts issued their new adjusted forecast this week. In December 2021, the experts of the […] More
The average 30-year mortgage rate hit 4.72% this Tuesday. The Ukrainian president, Zelenskyy, has worn the EU and the western countries’ clothes, and he says that Ukraine is just the start. According to Zelenskyy, Russia might invade other countries besides Ukraine. Some reports indicate that Russia might use chemical weapons to end the war, and […] More
The labor market remains tight and unhealthy as investors wait for this week’s ending job claims report. Based on last week’s unemployment insurance claims, the U.S job claims decreased by 15.000 compared to last week’s job claims. According to the last week ending March 12, the seasonally adjusted initial claims were 214,000. That number decreased, […] More