Stock Market Today Signs that the Federal Reserve’s tactics might indeed be pushing back on inflation helped lift stocks to yet another win Thursday.The S&P 500 matched its longest winning streak of the year Thursday as data continued to suggest that the Federal Reserve just might have some breathing room soon. The Department of Labor… Continue reading Stock Market Today: S&P Surges to Fourth Gain in a Row | Kiplinger
What Is Digital Fashion, And Why Is It Important? | Kiplinger
cryptocurrency Fashion is one of the purest forms of self-expression. Digital fashion simply brings this to a new medium – and could be worth billions in just a few years.From Big Tech boardrooms to podcasts and tweets, the metaverse hype is everywhere. However, as with many emerging technologies, excitement around the expected future impact often… Continue reading What Is Digital Fashion, And Why Is It Important? | Kiplinger
Is a Recession Ahead? | Kiplinger
There’s been a lot of talk lately about the dreaded “R” word: Recession. It conjures up scary images the make us think of one even more dreaded word: Depression. In reality, recessions are not uncommon. There have been 48 recessions in U.S. history and 15 recessions, including the Great Depression, in modern history. The most… Continue reading Is a Recession Ahead? | Kiplinger
Nasdaq jumps 2% as US stocks notch 4th straight win ahead of June jobs report
US stocks ended higher Thursday, with tech shares contributing to an extension of a bear-market rally as investors prepared to assess the health of the US job market. The Nasdaq Composite was the strongest performer among Wall Street’s big indexes, but all three gauges notched their fourth consecutive wins. Chip makers including Intel and Nvidia… Continue reading Nasdaq jumps 2% as US stocks notch 4th straight win ahead of June jobs report
Billionaire crypto bull Mike Novogratz says the market is 90% through its deleveraging cycle but prices will be choppy until there’s a narrative shift
Galaxy Digital CEO Mike Novogratz, the crypto bull who has made billions investing in crypto, said excessive amounts of debt that the crypto sector previously had are leaving, but most of it is gone now. “It feels like we’re 90% through that deleveraging,” he said in an interview with CNBC. “The problem is for you… Continue reading Billionaire crypto bull Mike Novogratz says the market is 90% through its deleveraging cycle but prices will be choppy until there’s a narrative shift
Indonesia, the world’s top cooking-oil exporter, may cut a palm oil levy to boost shipments after a prior ban swelled inventories
Phil Rosen A worker harvests oil palm fruits, used to produce palm oil, at a plantation in Kutamakmur, Aceh on September 24, 2021. Azwar Ipank/AFP via Getty Images Indonesia, the world’s top producer of palm oil, may lift its palm oil export levy as a way to boost shipments, according to a cabinet minister. “For… Continue reading Indonesia, the world’s top cooking-oil exporter, may cut a palm oil levy to boost shipments after a prior ban swelled inventories
A closely watched recession indicator is flashing again after the Fed minutes reveal another big rate hike could be on the way
A closely watched recession indicator is flashing again after the minutes of the Federal Reserve’s June meeting revealed another large rate hike could be coming this month. The closely watched spread between the 2-year and the 10-year Treasury yield further inverted upon release of Fed’s June meeting minutes, which suggesting another rate hike is on… Continue reading A closely watched recession indicator is flashing again after the Fed minutes reveal another big rate hike could be on the way
Russian demand for China’s currency has surged 8x with ruble-yuan trading volumes at record highs
Russians are embracing the Chinese yuan as Western sanctions on Moscow spur a drive to diversify away from the dollar and euro. Purchases of the yuan have jumped eightfold since May 20, when Russia’s central bank eased foreign exchange restrictions, state bank Otkritie said, according to Reuters. “The Chinese yuan has shown stability and relatively… Continue reading Russian demand for China’s currency has surged 8x with ruble-yuan trading volumes at record highs
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