Amid rising interest rates and a tightening credit market, companies with weaker balance sheets are getting squeezed by higher borrowing costs. Royal Caribbean Group (ticker: RCL) is a case in point. ...
Tag: Economics
Don’t Trust This Stock Market Rally. Strategists See More Trouble Ahead.
Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bou...
Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies – Economics Bitcoin News
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is exp...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Don’t Trust This Stock Rally. Strategists See More Trouble Ahead for S&P 500.
Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bou...
Biden Slammed for Claiming US Economy Had 0% Inflation in July — One Lawmaker Calls It ‘Sad and Dangerous’ – Economics Bitcoin News
President Joe Biden stated Wednesday that the U.S. economy had zero percent inflation in July following the latest CPI report. “Biden is claiming that we saw zero percent inflation last month. But the...
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’ – Economics Bitcoin News
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in ...
Token Economics: The Hidden Key to Success in Blockchain Projects
Last Updated on Aug 10, 2022 at 15:21 The rise of cryptocurrencies has come with a whole host of methodologies, tools, and frameworks that support and drive the demand for them in the modern digital m...
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’ – Economics Bitcoin News
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of ...
Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months – Economics Bitcoin News
Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” th...
Senate Passes Climate Bill. The Rush to Renewable Energy Is On.
The climate and tax package passed by the Senate on Sunday will unlock around $400 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a paralle...
The Fed Is About to Ramp Up Balance-Sheet Shrinkage. It May Get Dicey.
Fed Chairman Jerome Powell, shown during a postmeeting press conference late last month, has suggested balance-sheet shrinkage may go on for up to 2½ years. Drew Angerer/Getty Images Text size There i...
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Economics Bitcoin News
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings – Economics Bitcoin News
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nig...
What ‘Dr. Doom’ Says About Today’s Stock Market
For some of us of a certain age, an event from four decades ago often is recalled more vividly than what happened four weeks or even four days ago. Such is the case with Aug. 17, 1982. It arguably mar...
230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation – Economics Bitcoin News
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legi...
The Inverted Yield Curve Is Back. What Investors Need to Know.
Text size The Federal Reserve building in Washington. Joshua Roberts/Bloomberg The Treasury yield curve continues to widen, with no signs that the trend is nearing an end. The Federal Reserve raised t...
The Fed Is ‘Resolute’ on Hiking Interest Rates, Tightening Monetary Policy to Tame Inflation — Gold and Stocks Sink – Economics Bitcoin News
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed presid...
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’ – Economics Bitcoin News
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to...
Stock Market Today: Dow Futures Slip as Pelosi Goes to Taiwan, BP Stock Surges
Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images Stocks were slipping Tuesday amid rising geopolitical tensions, as House Speaker Nancy Pelosi is ...
Big Oil Could Pay Up to $25 Billion in New Taxes Under Dems’ Inflation Bill
Text size An oil pumpjack Spencer Platt/Getty Images Oil stocks were poised to open lower Monday as investors reacted to the news that the Democrats’ climate change measure could cost oil companies, b...
U.S. Stocks Poised to Fall on Monday
Stocks are set to open lower on Monday ahead of another busy earnings week. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images Text size U.S. stocks are se...
The Stock Market Had a Great July. Why August Could Be Tougher.
Text size Expectations for future rate hikes changed, hinging largely on two sentences from Federal Reserve Chairman Jerome Powell’s news conference. Ting Shen/Bloomberg Stocks rallied this past week ...
Stocks Poised to Open Lower on Monday
Stocks are poised to open lower on Monday ahead of a big week of retailer earnings. Angela Weiss/AFP via Getty Images Text size U.S. stocks are poised for a lower open on Monday as investors prepare t...