Nasdaq jumps on Tuesday session, and the oil groups start a conflict with the Biden administration The story between Tesalm CEO and Twitter CEO has been updated this week with positive news. Bloomberg reported that Musk is willing to agree to the acquisition for the original share price of $54.2 per share. The main reason […] More
The S&P declined to its worst year-over-year level for the first time since 1938 and Europe posted a higher than expected inflation rate. According to BoFa the S&P 500 and the treasury indexes record the worst performing years for the first time since 1938. Higher inflation rates and higher-than-expected interest hikes were key factors in […] More
The Dow Jones has officially entered a bear market, raising the chances of a market downturn. Over the past few weeks, the energy select sector has dropped by 13%, the worst since January, yet this week the West Texas Intermediate rose about 1.7% to $77 per barrel. Although the oil and energy sectors improved on […] More
The S&P falls by 2.05% as the money supply declines, and investors expect the worst As of mid-Friday trading, the Dow index declined 700 basis points and posted its lowest level for this year. So far, the Index has declined by 9% in the past 9 months. Inflation is an important indicator of the economic […] More
Wall Street slumped as marketers awaited Wednesday’s Federal Reserve meeting decisions The S&P fell further this week after poor results delivered by FedEx and the automaker Ford. Today morning, Wall Street extended its weekly losses; the S&P declined by 3.63% to reach a total decline of 19% for this year. The tech-heavy Nasdaq decreased by […] More
The tech-heavy composite is down by 30% in 2022, and higher interest rates are not the only problem that tech stocks face. The data released on Tuesday showed that August inflation is slightly lower than June’s 9.1% rate, but remains higher than expected compared to July’s rate. Rising interest rates have caused measurable damage to […] More
Is Wall Street underestimating the likelihood that the banks will hold higher rates till the end of this year? Wall Street and the bond market opened higher Friday morning. Oil prices have increased, and gold is climbing. Next week, investors are expecting the release of the CPI report, which counts as a contributing factor in […] More
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