Wall Street searched for stability Tuesday, with a couple of the major indexes able to muster some gains ahead of a vital inflation reading tomorrow. The 10-year Treasury note, after touching 3.2% yesterday, pulled back below the 3% threshold to as low as 2.94%. This retreat in interest rates removed some pressure from growthier stocks… Continue reading Stock Market Today: Stocks Try to Find Their Legs Ahead of CPI Report | Kiplinger
The stock market will fall another 25% if job growth slows and an economic recession materializes, DataTrek says
An economic recession would send the S&P 500 another 25% lower to 3,000, according to DataTrek Research. DataTrek believes the Fed is trying to drive a slowdown in job growth to contain rising inflation.Slowing job growth could cascade into a recession, but for now the S&P 500 is proving resilient. Loading Something is loading. The stock… Continue reading The stock market will fall another 25% if job growth slows and an economic recession materializes, DataTrek says
The EU’s energy plan that cuts reliance on Russian gas will cost it an extra $200 billion by 2030 unless it shifts to cleaner sources of power, a think tank says
The EU’s current energy plans will cost it $200 billion more than it expects by 2030, a think tank said on Wednesday. The plans, which include cutting the bloc’s reliance on Russian gas, will add hugely to its energy bill as prices rise. “Decades of over-reliance on fossil gas has made Europe incredibly vulnerable to… Continue reading The EU’s energy plan that cuts reliance on Russian gas will cost it an extra $200 billion by 2030 unless it shifts to cleaner sources of power, a think tank says
SEC chief Gary Gensler says crypto exchanges are ‘market making against their customers’
SEC Chairman Gary Gensler worries that cryptocurrency exchanges don’t act in clients’ best interests. “In fact, they’re trading against their customers often because they’re market-marking against their customers,” he told Bloomberg. The SEC chief has previously warned that crypto exchanges are front-running clients’ trades. Loading Something is loading. Securities and Exchange Commission Chariman Gary Gensler… Continue reading SEC chief Gary Gensler says crypto exchanges are ‘market making against their customers’
Russia has skirted a debt default thanks to a US payment exemption. Now the Treasury is weighing whether to let it expire, says Janet Yellen
Russia has been able to avoid a default on foreign debt thanks to a US Treasury payment exemption. The carve-out has allowed Moscow keep up with roughly $2.9 billion in foreign debt payments so far. Treasury Secretary Janet Yellen said the US is weighing whether to let it expire on May 25. Loading Something is… Continue reading Russia has skirted a debt default thanks to a US payment exemption. Now the Treasury is weighing whether to let it expire, says Janet Yellen
US stocks trade mixed after April inflation cools by less than anticipated
Stocks dropped Wednesday following the April inflation report. Headline inflation of 8.3% was above a Bloomberg consensus estimate of 8.1%. Core consumer prices rose 0.6%, more than the 0.4% estimate. Loading Something is loading. Stocks dropped Wednesday after the US government said headline inflation eased in April but was still hotter than expectations. Stock futures… Continue reading US stocks trade mixed after April inflation cools by less than anticipated
Tax Attorney vs. CPA: What’s the Difference?
Certified public accountants (CPAs) and tax attorneys are both uniquely qualified and trained professionals that can help you with taxes and financial decisions. Deciding which to hire depends upon your particular set of circumstances and the type of assistance you need. This article will help you understand the training and knowledge of these professionals as… Continue reading Tax Attorney vs. CPA: What’s the Difference?
Look Out! Gasoline Prices Are Going Up Again
After a modest decline earlier this spring, gasoline prices are rising again the U.S., even though, by comparison, Americans pay far less per gallon than many other countries. Prices for a gallon of gasoline in the United States have been rising in recent weeks as Europe moves towards boycotting Russian oil and summer driving season… Continue reading Look Out! Gasoline Prices Are Going Up Again
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