Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s...
Tag: Economics
The stock market’s big Tuesday bounce is likely to fizzle out: Capital Economics
It was Turnaround Tuesday for the stock market as investors returned from a three-day weekend following the S&P 500’s worst weekly tumble since 2020. Skeptics see a bear-market bounce that’s likel...
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation – Economics Bitcoin News
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer i...
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’ – Economics Bitcoin News
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On...
Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’ – Economics Bitcoin News
Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hik...
US House Prices Are Likely to Drop as Rates Rise, Capital Economics Says
(Bloomberg) — US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics. Most Read from Bloomberg Property price...
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down – Economics Bitcoin News
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speak...
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin – Economics Bitcoin News
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the departmen...
Small-Cap Stocks Have Gotten Crushed. Watch for Them to Rebound Soon.
Text size Michael Nagle/Bloomberg Small-company stocks have gotten hit hard—harder than their larger peers. That means small-caps could face less risk if the market continues to fall and more upside o...
Stock Market Today: The Dow Edged Higher, While Tech Stocks Rallied
Text size A trader works on the floor of the New York Stock Exchange. Spencer Platt/Getty Images The stock market largely gained on Friday, closing out a volatile week of trading. Stability in the bon...
Revlon Has Declared Bankruptcy. More Defaults Could Be on the Way.
Text size Cosmetics company Revlon has filed for Chapter 11 bankruptcy. There could be more defaults on the way for U.S. companies. Dreamstime With fears that a recession is looming, there could be mo...
Small-Cap Stocks Have Gotten Crushed. Their Rebound Could Be Swift.
Text size Michael Nagle/Bloomberg Small-company stocks have gotten hit hard—harder than their larger peers. That means small-caps could face less risk if the market continues to fall and more upside o...
It’s Not Economics Diminishing Drone Delivery
Two days ago, an op-ed appeared in the New York TimesNYT with the title, Where are the delivery drones, written by Shira Ovide. The op-ed asserts that for the foreseeable future, the opportunity and s...
Fed Rate Hikes Will End Sooner Than You Think. What That Means for Stocks.
Text size Federal Reserve Chairman Jerome Powell Drew Angerer/Getty Images The Federal Reserve’s aggressive interest rate increases can only last so long. The stock market could experience some relief...
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994 – Economics Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Caterpillar’s Headquarters Are Moving to Texas
Caterpillar has had a presence in Texas since the 1960s, according to the firm, but Illinois remains the largest concentration of Caterpillar employees. Dreamstime Text size Caterpillar is moving head...
There Might Be a Recession, but It Won’t Be Long, Wall Street Says
Text size Morgan Stanley CEO James Gorman says he sees a 50% chance of a recession. Saul Loeb/AFP via Getty Images Fears about a possible recession sent stock markets into free fall on Monday as inves...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed – Economics Bitcoin News
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to incr...
The Bear Market Is Officially Here. How You Could Still Profit Nicely Over Time.
Text size The S&P 500 entered bear territory just 111 trading days since its Jan. 3 record high. Spencer Platt/Getty Images The S&P 500 is in a bear market. History says it will probably get w...
Harvard economics professor says crypto anonymity will eventually be curbed %
As interest rates rise and cryptocurrency market value falls, many industry speculators are left wondering whether this is the beginning of the end for the crypto bubble. Kenneth Rogoff, a former chie...
Inflation Has Become a Global Problem. Where the U.S. Ranks
David Paul Morris/Bloomberg Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. U.S. Gets Ranked on In...
Axie Infinity (AXS) Economics Slammed by Bloomberg Crypto, Here’s Why
Vladislav Sopov Bloomberg’s Joshua Brustein tells captivating story about rise and fall of first-ever play-to-earn unicorn Axie Infinity (AXS) Contents Full-time job instead of “real games...
Why the Stock Markets Are Falling So Hard
Text size Wall Street Bull Dreamstime This past week was another brutal one for the markets. Investors had plenty to worry about from the Fed to inflation and retail sales. The Dow Jones Industrial Av...
US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’ – Economics Bitcoin News
After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However,...
Following Chainlink’s Announcement Of The ‘Economics 2.0’ Plan, LINK Has Increased By 24%
The v0.1 version, according to Chainlink, will give annualized staking payouts of 5%. However, as v1 and v2 become more widely available, the incentives are likely to rise in line with user fees and c...
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions – Economics Bitcoin News
U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the Hous...
American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency – Economics Bitcoin News
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situ...
World Bank Warns of Global Recession, Stagflation — ‘This Is the Sharpest Slowdown in 80 Years’ – Economics Bitcoin News
The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.” W...