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Economic events

Interest Rate Hikes Likely to Be Discontinued, According to Philadelphia Fed President Patrick Harker

by Adrian Jhonsan
Interest Rate Hikes Likely to Be Discontinued, According to Philadelphia Fed President Patrick Harker

Patrick Harker at Jackson Hole, Wyoming David A. Grogan | CNBC Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of …

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Categories World

Italian bank shares plummet as government unexpectedly imposes windfall tax

by Adrian Jhonsan
Italian bank shares plummet as government unexpectedly imposes windfall tax

ROME – August 7, 2023: (L-R) Carlo Nordio, Minister of Justice, Adolfo Urso, Minister of Enterprise and Made in Italy, Matteo Salvini, Deputy Prime Minister and Minister of Transport, Francesco …

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Categories World

Despite sanctions, Russian military is being fueled by U.S. microchips

by Ev Richard
Despite sanctions, Russian military is being fueled by U.S. microchips

New analysis reveals that Western microchips, used in smartphones and laptops, continue to enter Russia and contribute to its military capabilities. Trade data indicates that Moscow has been sourcing an …

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Categories Technology

The Economy and Financial Markets are Distinct Entities

by Adrian Jhonsan
The Economy and Financial Markets are Distinct Entities

A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 2, 2022 in New York City. Spencer Platt | Getty Images This report is …

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Categories World

JPMorgan retreats from recession prediction despite significant risks.

by Adrian Jhonsan
JPMorgan retreats from recession prediction despite significant risks.

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable. While noting that risks are …

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Categories World

Hidden Cash Found in Homes Due to Soaring Property Prices

by Craig Fedirighi
Hidden Cash Found in Homes Due to Soaring Property Prices

Home prices are on a tear again across much of the nation after falling for much of last year. That means giving back to homeowners the equity they lost. Home …

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Categories Business

Surge in China Property Stocks as PBOC Pledges Support for Private Companies

by Adrian Jhonsan
Surge in China Property Stocks as PBOC Pledges Support for Private Companies

A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images Chinese property stocks surged on Friday after the People’s Bank …

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Categories World

U.S. Treasury Yields Anticipate July’s Jobs Report

by Adrian Jhonsan
U.S. Treasury Yields Anticipate July’s Jobs Report

U.S. Treasury yields held steady on Friday as investors awaited key labor market data that will give fresh insights into the state of the economy and could affect the Federal …

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Categories World

The Ultimate Guide: Key Factors to Find in Friday’s July Jobs Report

by Adrian Jhonsan
The Ultimate Guide: Key Factors to Find in Friday’s July Jobs Report

Miami Beach, Florida, Normandy Isle, 7ty One Venezuelan restaurant, interior with customers dining and wait staff cleaning up.  Jeff Greenberg | Universal Images Group | Getty Images Friday’s jobs report …

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Categories World

Warren Buffett Remains Unconcerned About Fitch’s U.S. Downgrade

by Adrian Jhonsan
Warren Buffett Remains Unconcerned About Fitch’s U.S. Downgrade

Warren Buffett shrugged off Fitch’s U.S. credit rating downgrade, noting it doesn’t change what his conglomerate, Berkshire Hathaway, is doing at the moment. “Berkshire bought $10 billion in U.S. Treasurys …

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Categories World
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