Stocks spent the day mostly higher in the lead up to this afternoon’s policy announcement from the Federal Reserve. However, the major indexes swung lower after the central bank, as expected, held interest rates steady, but forecast more rate hikes to come. Price action ultimately stabilized into the close, though one major index woefully underperformed… Continue reading Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes
These are the top 10 cities where Americans are overpaying for houses
The housing market remains tight, and some US cities are seeing homes that are listed more than 40% above their historical value. New data from Florida Atlantic University broke down the most overpriced housing markets in the country. Five of the 10 most overpriced cities are located in Florida. Loading Something is loading. Thanks for… Continue reading These are the top 10 cities where Americans are overpaying for houses
Bitcoin falls below $25,000 as Fed signals more hawkish moves ahead and regulatory screws tighten on the sector
Bitcoin fell below $25,000 on Thursday, as monetary policy adds to pressure from regulators. Central bankers held interest rates steady but signaled more rate hikes to come. Crypto markets have been reeling from SEC lawsuits targeting Binance and Coinbase. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Bitcoin falls below $25,000 as Fed signals more hawkish moves ahead and regulatory screws tighten on the sector
European natural gas prices soar 30% as key source to close permanently after hundreds of earthquakes
Europe’s biggest gas field is set to close permanently in October, Bloomberg reported. The news sparked a 30% jump in benchmark European natural gas futures on Thursday. Earthquakes near the Groningen field in the Netherlands have damaged thousands of homes over the years. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading European natural gas prices soar 30% as key source to close permanently after hundreds of earthquakes
David Rosenberg says the Fed found a way to ‘tighten policy without tightening’ – by holding rates and signaling hikes at the same time
The Fed’s move to simultaneously hold interest rates and signal future rises may have been a strategy, David Rosenberg said. The central bank managed to find a way to “tighten policy without tightening policy,” the top economist tweeted. The Fed left rates unchanged this week, but indicated it may raise them twice more before year-end.… Continue reading David Rosenberg says the Fed found a way to ‘tighten policy without tightening’ – by holding rates and signaling hikes at the same time
London’s embattled hedge fund to be broken up as Wall Street banks cut ties over sexual harassment allegations
London-based hedge fund Odey Asset Management will break itself up, it said in a letter to investors Thursday. Its founder Crispin Odey was accused of sexual harassment by 13 women in a Financial Times investigation published last week. JPMorgan and Morgan Stanley both cut ties with the asset manager after the allegations broke. Loading Something… Continue reading London’s embattled hedge fund to be broken up as Wall Street banks cut ties over sexual harassment allegations
U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts
To help you understand what is going on in the U.S. economy and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing,… Continue reading U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts
Stocks Rise After May CPI Shows Inflation is Easing
Stocks closed higher Tuesday after the latest consumer price index (CPI) report raised expectations that the Federal Reserve will pause its run of rate hikes tomorrow when it concludes its June meeting. However, while the data showed that inflation is easing, some “sticky” readings increased the probability that another rate hike could come at the… Continue reading Stocks Rise After May CPI Shows Inflation is Easing
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