Following a week of volatility in the market, stock futures saw a modest rise on Monday. The S&P 500 and Nasdaq experienced declines last week, while the Dow and Russell 2000 made gains. The upcoming focus this week is on tech earnings from companies such as Microsoft, Meta, Apple, and Amazon. These earnings reports are
Evolving
President Dina Boluarte of Peru expressed optimism about the country’s economy during her Independence Day speech to Congress. Despite facing allegations of corruption and abuse of power, she projected higher-than-expected economic growth and announced plans to formally call for elections scheduled for 2026 by next April. Boluarte succeeded Pedro Castillo in late 2022 after his
The Bank of England’s Chief Economist, Huw Pill, recently expressed concerns about the strength of services inflation and wage growth. This hints at a possible shift towards a more hawkish monetary policy stance. This comes at a time when the UK economy is facing challenges such as high services inflation and an elevated unemployment rate.
The cryptocurrency markets are buzzing with excitement as spot ether exchange-traded funds have finally made their debut. This historic week saw nine spot ether ETF applicants, including Franklin Templeton, receiving approval from the Securities and Exchange Commission. Among the approved applicants is Franklin Templeton, the firm behind the Franklin Ethereum ETF (EZET). Despite its promising
Sotheby’s, the renowned auction house, is venturing into a new kind of selling in Hong Kong with the opening of its first retail outlet. This innovative concept will offer a wide range of items, from collectible trainers to dinosaur fossils, with prices starting at several hundred dollars. This move comes at a time when luxury
In a surprising turn of events, former New York Federal Reserve President Bill Dudley has advocated for rate cuts by the Fed in the upcoming week, marking a stark departure from his previous stance supporting a “higher-for-longer” rate regime. Dudley cited changing economic conditions as the primary reason behind his shift in perspective, emphasizing the
As we transition into the new year, many workers are starting to feel the effects of a cooling job market on their annual raise prospects. Recent data from a consulting firm indicates that the typical worker can expect to see a decrease in their pay raise percentage for 2025 compared to the previous year. This
The U.S. Treasury yields experienced a slight dip recently, as investors closely monitor the economic outlook in anticipation of key data releases. Of particular interest are the upcoming second-quarter GDP figures and June’s personal consumption expenditures price index, which serves as the Federal Reserve’s preferred inflation gauge. These reports will provide valuable insights into potential
Berkshire Hathaway recently made a strategic move by trimming its gigantic Bank of America holding for the first time in 4½ years. This decision came after Bank of America’s strong 2024 run, where Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This marked a significant
Netflix, Inc. reported a substantial increase in its second-quarter earnings, showcasing its dominant position in the streaming industry. The company exceeded expectations by reaching 277.65 million global paid memberships, marking a significant 16.5% year-over-year growth. Additionally, revenue surged by 17% to $9.56 billion, driven by a combination of membership expansion and a remarkable 34% increase
Federal Reserve Governor Christopher Waller recently stated that interest rate cuts may be on the horizon, pending no major surprises in inflation and employment data. This cautious optimism is in line with other policymakers’ statements, hinting towards a potential rate cut in the near future. Waller emphasized the need to closely monitor economic indicators in
In the recent analysis of the Nikkei 225 chart, it was reported that the index was experiencing a significant upward trend, as indicated by the blue channel. The price had surged to a yearly high above 42,500 points on 10th July, following a notable increase of more than 6%. However, a subsequent decline occurred after
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