Russia stepped up to become the third-largest market for yuan transactions outside of mainland China. SWIFT data shows Russian companies and banks were involved in nearly 4% of global transactions using the yuan. That’s up from 1.42% in June and zero in February, when Russian launched its war on Ukraine. Loading Something is loading. Russia… Continue reading Russia is now the 3rd-biggest market for yuan transactions outside of mainland China as sanctions block dollar, euro payments
US stocks rise as investors digest economic data and comments from Fed’s Bullard
US stocks closed higher on Thursday as investors digested new economic data and comments from the Fed’s James Bullard.Jobless claims fell by 2,000 to 250,000 last week, while existing home sales fell for the sixth straight month.Meanwhile, Fed President James Bullard favors a 75 basis point rate hike in September to combat inflation. Loading Something… Continue reading US stocks rise as investors digest economic data and comments from Fed’s Bullard
Clean energy stocks are set to be the big winners of the sweeping Inflation Reduction Act just signed by Biden, Morningstar says
Clean-energy stocks are set to benefit from the $370 billion Inflation Reduction Act, said Morningstar. Hydrogen fuel cell manufacturer Plug Power is on the research firm’s list of federal spending beneficiaries. Lithium producers should also benefit with demand set to outstrip supply. Loading Something is loading. Residential solar and lithium stocks are among those in… Continue reading Clean energy stocks are set to be the big winners of the sweeping Inflation Reduction Act just signed by Biden, Morningstar says
The stock market could surge another 12% through the end of the year as more than $100 billion pours into equities funds, JPMorgan says
The stock market could surge another 12% into year-end as technicals turn positive, according to JPMorgan.The bank said more than $100 billion from trend followers are on the verge of pouring into stocks.”Trend following strategies that were largely short equities this year are covering shorts,” JPMorgan said. Loading Something is loading. The current rally in… Continue reading The stock market could surge another 12% through the end of the year as more than $100 billion pours into equities funds, JPMorgan says
Mind Medicine surges 78% after report reveals activist stake of college student who made $110 million in Bed Bath & Beyond rally
Mind Medicine stock jumped as high as 78% on Thursday after a report revealed a college student activist stake. The investor, Jake Freeman, and his uncle own a 4.5% stake in the Mind Med, according to the FT. Freeman is intending to use his position to push Mind Med to improve its business strategy. Loading… Continue reading Mind Medicine surges 78% after report reveals activist stake of college student who made $110 million in Bed Bath & Beyond rally
Samsung Galaxy Z Fold 4 Review: The Grown Up Flip Phone
Samsung’s Galaxy Z Fold continues to make its mission clear and straightforward: It’s a two-in-one device that starts as a standard smartphone and folds open into a tablet. And the Galaxy Z Fold 4 — the fourth generation flagship foldable from Samsung — continues pushing this idea forward. It’s got a fancy new processor inside,… Continue reading Samsung Galaxy Z Fold 4 Review: The Grown Up Flip Phone
Another Economist Sees Housing Market in ‘Recession’
Woes just keep on mounting for the housing market, which is getting hammered by elevated mortgage rates and home prices. Existing-home sales dropped 5.9% in July from June, marking the sixth straight monthly decline, according to the National Association of Realtors (NAR). That put the annual sales rate at 4.81 million, the lowest since May… Continue reading Another Economist Sees Housing Market in ‘Recession’
Cult-favorite Always Pan Now Discounted During Rare Sale
The bold, spicy red Always Pan is now down to $115 during a rare sale. Check out other accessories and cooking combos seeing steep price cuts. fromourplace.com The Always Pan needs no introduction after years of social media gushing. The all-in-one pan is designed to replace eight different pieces of cookware, including a fry pan,… Continue reading Cult-favorite Always Pan Now Discounted During Rare Sale
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