Markets need to brace for “unsettling volatility,” Mohamed El-Erian told CNBC on Friday. The top economist predicted the S&P 500 could retest June lows due to signs of dysfunction in US Treasuries and money markets. He warned investors not to ignore the gloomy macro backdrop, despite some attractive stock names. Loading Something is loading. Investors… Continue reading Investors should brace for ‘unsettling volatility’ and the S&P 500 is headed back to June lows as dysfunction is growing across markets, Mohamed El-Erian says
DARPA Launches Crypto Project with Inca Digital
Inca Digital, a Digital Asset Data Analytics Company, to Lead Work to Map the Impact of Digital Financial Assets , /PRNewswire/ — The Defense Advanced Research Projects Agency (DARPA) has awarded Inca Digital’s government contracting division, Inca Digital Federal, a Phase II Small Business Innovation Research (SBIR) contract to research advanced methods for analyzing… Continue reading DARPA Launches Crypto Project with Inca Digital
The UK pound slides to 37-year low against the dollar as the new British government’s mini-budget spurs worries about further inflationary pressures
The UK pound hits a fresh 37-year low against the US dollar on Friday. Pound sterling fell below $1.09 as the UK’s new government outlined tax cuts and other moves to bolster economic growth. The British economy is dealing with consumer price inflation hovering around 10%. Loading Something is loading. The UK pound sharply dropped… Continue reading The UK pound slides to 37-year low against the dollar as the new British government’s mini-budget spurs worries about further inflationary pressures
New Stock News Chinas First and Largest Office IT Integrated Solution Provider Edianyun Resubmit to HKEX
, /PRNewswire/ — Edianyun is a major office IT integrated solution provider in China, providing one-stop office IT services on a subscription basis to enterprise customers consisting mainly of SMEs. According to Zhitong Caijing APP, HKEX revealed that Edianyun had submitted a listing application to HKEX Mainboard again on September 9, with CICC as the exclusive sponsor.… Continue reading New Stock News Chinas First and Largest Office IT Integrated Solution Provider Edianyun Resubmit to HKEX
The 2-year Treasury just touched its highest level since 2007 as aggressive Fed moves send bonds yields soaring
The two-year Treasury yield hit its highest level since 2007 on Friday. The jump in US bond yields follows another aggressive rate hike by the Fed this week. The central bank has signaled that it can stomach an economic downturn if inflation comes down. Loading Something is loading. The two-year Treasury yield touched its highest… Continue reading The 2-year Treasury just touched its highest level since 2007 as aggressive Fed moves send bonds yields soaring
Soaring Mortgage Rates Hammer Home Buyers
Mortgage rates are soaring, and home buyers are paying the price. The 30-year fixed-rate mortgage averaged 6.29% in the week ended Sept. 22, according to Freddie Mac, an almost-14-year high. The rate rose from 6.02% a week ago and was up from 2.88% a year ago. “The housing market continues to face headwinds, as mortgage… Continue reading Soaring Mortgage Rates Hammer Home Buyers
Subscription Services Are Driving Americans Crazy
Life comes at you fast with online subscription services. So much so, a new study claims that about 40% of subscription customers are triggering anxiety and angst in their everyday non-subscription lives. The data comes from Sure Payroll, a Paychex company. In the report, analysts note that 95% of Americans say they believe subscription-based business… Continue reading Subscription Services Are Driving Americans Crazy
Luxury Home Market Suffers, as Sales Fall
Soaring mortgage rates and elevated home prices are damping home sales, even among the luxury offerings. Existing-home sales fell 0.4% in August from July, the seventh straight month of declines, and 19.9% from the year-earlier month, according to the National Association of Realtors. High-priced homes haven’t escaped the downturn. Sales of luxury homes, defined as… Continue reading Luxury Home Market Suffers, as Sales Fall
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