China’s PBOC Surprised by Countering Western Central Banks while Cutting Interest Rates
China lowered a key interest rate for the first time since the peak of the pandemic in 2020 as a property-market slump and repeated virus outbreaks dampened the nation’s growth outlook. Bonds rallied.
Make No Mistake: Current Inflation Snapshot and Outlook are Really Intimidating
U.S. consumers have been facing the steepest price increase in almost four decades, paying more for everything from cars to gasoline to food as uncomfortably hot inflation erodes most workers' wage gains.
Bank Stocks Should Not be Omitted Eyeing Fed’s Intention to Raise Rates
Equity markets are becoming increasingly bifurcated, as value stocks are outperforming growth stocks given the complex factors at play with the Federal Reserve and the economy.
Fed Minutes Scared Investors
Minutes from the Fed's December meeting released on Wednesday, January 5, showed that officials had discussed tapering the U.S. central bank’s asset holdings amid surging omicron infections setting new daily records as well as raising interest rates sooner than expected to fight inflation.
Turkey’s Lira Finished Worst Year in Two Decades under Erdogan
Turkey’s lira – by far the worst performer in emerging markets in 2021, as well as in the last few years – shed 44% of its value against the dollar over the year and 19% in the last week alone.
U.S. holiday retail sales rise 8.5% as online shopping booms – Mastercard
U.S. retail sales rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec. 24, powered by soaring e-commerce sales, a report by Mastercard Inc said on Sunday.
Investing in Various Purpose ETFs Gains Popularity and Momentum
Investors piled a record $900 billion into ETFs this year — nearly double what they invested in all of 2020. Why is this happening?
Some Prominent Analysts Reiterate that Healthcare Sector is “The Place to Be”
On CNBC's "Options Action: The Final Call," Carter Braxton Worth said healthcare is “the place to be” and named Health Care Select Sector SPDR Fund.
Inflation Continues to Beat Forecast in Great Britain, but BoE Has Hundred Reasons Not to Hike Immediately
According to the British ONS, UK inflation hit a decade high of 5.1% in November.
Big Companies’ CEOs Spotted Selling Their Shares Before Net Investment Income Tax Rules Come into Effect
Top executives and the company leaders like the Waltons, Mark Zuckerberg, and Google’s co-founders have sold $63.5 billion worth of stakes in their companies through November, up 50% from 2020.
Elon Musk Sees Problem Not in Too Many Teslas, but in Too Few Buyers
Tesla and SpaceX CEO Elon Musk wants people to have more babies. “There are not enough people,” Musk told a Wall Street Journal event this week.
Coupa Software Earnings Confirm Fundamental Attractiveness of Cloud Platforms
Coupa Software (NASDAQ:COUP) reported its Q3 earnings results on Monday, December 6, 2021.
Black Friday’s and Cyber Monday’s Combined Retail Sales Didn’t Live Up to Investors’ Expectations
U.S. Cyber Monday sales were flat, as online retailers offered fewer discounts because of limited inventory and more shoppers returned to stores for purchases.
Indian Economy Sees New Crucial Threats from Omicron Variant
UBS said “New flare-ups of Covid infections [both ongoing and yet coming] in India, and particularly the emergence of new Covid strains against which currently available vaccinations provide little or no protection are probably the biggest downside risk,”.