Fueling investors’ rate cut hopes, a recent report unveiled a smaller-than-expected consumer price index (CPI), signaling a potential meltdown in US inflation. This inflation report sparked speculation about upcoming interest rate reductions. The cryptocurrency market attempted a price surge following…
Despite Bitcoin’s sudden crash below $50,000, triggering concerns in the market, banking giant JPMorgan Chase expressed optimism about a potential buy-the-dip opportunity. Aligning with JPMorgan’s stance, the cryptocurrency staged a quick recovery, rebounding to the $55,000 level and triggering liquidations…
Wall Street finished Friday with a mixed bag, as early optimism fueled by big bank earnings fizzled out over concerns about future economic headwinds. Despite the lackluster end to the day, the S&P 500 managed to cling to gains for…
New York, January 1st, 2024: 2023 marked a triumphant return for global stocks, with the MSCI World Index delivering its best performance since 2019. Investors rejoiced as central banks halted interest rate hikes and hopes for future cuts sparked a…
The soaring momentum of the US stock market hit a snag on Wednesday, halting the impressive gains it had been building over the past week. The Dow Jones Industrial (^DJI) concluded the day 1.27% below its previous day’s close, followed…
