IMF to Release $4.7bn to Argentina as Javier Milei Pursues Austerity
According to FT, the IMF has agreed to transmit $4.7Bn to Argentina despite the country’s failure to meet the terms of its $43Bn loan in recent months, offering a crucial lifeline to new libertarian President Javier Milei as he pursues ambitious reforms.
Commodity Prices To Remain Lackluster, but Midstream Companies Will Do Better in 2024
Multiple names have already provided financial guidance for 2024, and most others will provide guidance during earnings season.
Singapore’s Core Inflation Eased Down to 3.2 Percent in November
Singapore’s core inflation dipped to 3.2% YoY in November, official data showed on Tuesday, Dec 26.
China Real Estate Crisis Threatens Goal of Doubling Country’s GDP
If the Chinese real estate bubble bursts and triggers a financial crisis, the nation's economic growth will be stuck at around 1%
Fed Kept Interest Rates Flat Again — But Barely Budged on 2024 Rate Cut Forecasts
The Federal Reserve opted on Wednesday December 13 to hold interest rates at the same level they’ve sat since July
Wall Street Bank Bosses Warn Lawmakers of Economic Toll From Tough New Rules
The top bosses of JPMorgan, Morgan Stanley, Goldman Sachs and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy.
Bank of America, Deutsche Bank Predict Interest Rate Cuts in 2024
Bank of America (BOA) and Deutsche Bank (DB) both released outlooks Monday predicting the Federal Reserve will implement interest rate cuts next year
Leading Indicators Continue to Signal a Recession
A gauge of future economic activity declined in October, after falling in September, on worsening consumer expectations, the Conference Board reported on Monday.
China Industrial Production Beats Expectations in October, Retail Sales Rise
Chinese industrial production grew more than expected in October, while retail sales also rose past expectations.
Eurozone Retail Sales Declined 2.9% YoY in September vs. -3.2% Expected
According to the official data released by Eurostat on Wednesday, November 8, Eurozone’s Retail Sales dropped 0.3% MoM in September as against a 0.7% fall in August.
Fed Holds Interest Rates Steady For Second Meeting In A Row—As Rate Hikes Weigh On Markets
The Federal Reserve again decided to keep interest rates at the same level, the central bank announced Wednesday, though rates remain at their highest level since 2001, causing sweeping effects on the economy.
Bitcoin Readies For Another Jaunt North, Pulls Cathie Wood's ARKK Higher
Bitcoin (BTCUSD) was spiking up over 2% during Wednesday’s, October 25, trading session, and attempting to break above Tuesday’s day high amid increased optimism that a spot Bitcoin ETF will gain SEC approval.
Netflix Price Increasing Again Thanks To One Emerging Strategy
Netflix (NFLX) reported its Q3 earnings after the closing bell on Wednesday, October 18th.
Microsoft Reportedly Plans to Buy Activision Blizzard This Week
Microsoft’s (MSFT) long-running bid for Activision Blizzard (ATVI) reportedly ends during this week with the imminent completion of its $69 billion buyout of the company behind Call of Duty.