In the current recent euphoria of the markets, Michael Burry must appear as a killjoy. Moreover, he chose as “Cassandra B.C” as a handle in the microblogging website Twitter. This suggests...
Tag: Inflation
Binance’s User Count Growing Due to Inflation, Says the Company’s Latin America Head
Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Anot...
10 Companies That Would Pay More Taxes Under Inflation Reduction Act
Text size Packages ready to be sent at an Amazon center. Thomas Samson/AFP via Getty Images Some major companies, including Tesla and Amazon . com, are likely to face higher tax bills under the $750 b...
Much Anticipated Quarterly Reporting For Target, Walmart
Target and Walmart report Q2 2022 results August 16th and 17th respectively, and the Street is ready … [+] for the heat. Getty Images Investors and retail industry watchers are anticipating next...
Passage of Inflation Reduction Act gives Medicare historic new powers
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a hi...
Kevin O’Leary says these are the best assets to own as inflation stays white hot
Kevin O’Leary says these are the best assets to own as inflation stays white hot Inflation remains hot. In July, U.S. consumer prices spiked 8.5% from a year earlier — down from 9.1% in June but...
How Gold Continues To Prove To Be A Hedge Against Inflation
Across multiple economic downturns and bear markets, gold has proven to be a haven for investors worldwide, with many traders and investors opting to invest in it to protect their capital against valu...
American Consumers Feeling More Confident, Data Shows
Topline Consumer sentiment improved this month after an all-time low reached in June, though consumers are still 21.6% less satisfied with the economy than this time last year, according to preliminar...
Good news for Bitcoin: New CPI data suggests inflation has peaked
In this weeks episode of Market Talks we welcome senior market analyst at Cubic Analytics, Caleb Franzen. Caleb is a Senior Market Strategist at Cubic Analytics, analysing new data/charts on the econo...
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...
Dems’ Reconciliation Package Obscures Obamacare’s Failures With Taxpayer Cash
WASHINGTON, DC – AUGUST 07: Senate Majority Leader Chuck Schumer (D-NY) gestures, walking out of the … [+] Senate Chamber, celebrating the passage of the Inflation Reduct Act at the U.S. C...
What Industries Do Well In An L-Shaped Recession?
Getty Images Key takeaways Credit Suisse analyst Zoltan Pozsar sees the U.S. economy diving into an L-shaped recession before inflation eases An L-shaped recession occurs when the economy plunges and ...
Fed expected to stick with hawkish interest rate hikes, strategists say
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday,...
Bitcoin Accumulation May Result in Green Candles Against Background of Decreasing Inflation & BlackRock Initiative
Gamza Khanzadaev BTC gets some serious potential triggers while accumulating in key zone Contents Producer price index (PPI) decreasing BlackRock initiative Yesterday’s results on lower inflatio...
Disney is raising prices, but this time, don’t blame inflation
Another major American company is raising prices again, but this time, don’t blame inflation. Disney is increasing the price on its streaming products and signaled that a price hike could be in ...
The Inflation Reduction Act should have closed this tax loophole for the rich. Here’s the real cost of Sen. Sinema’s decisive vote
On Sunday, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin struck a deal with Arizona Sen. Kyrsten Sinema to pass the Inflation Reduction Act of 2022. The deal came with a special compromise...
US Inflation Slid Below Expectation as Bullish Sentiment Engulfs Market
The Federal Reserve’s inflation target is pegged at 2% on an annualized basis, and it is unclear in which direction the Feds will tilt with respect to its inflationary control. The rate of inflation g...
July PPI Declines As Energy Falls, But Fed’s Inflation Challenge Remains
FILE – The sun sets behind an idle pump jack near Karnes City, USA, April 8, 2020. Oil markets have … [+] been fluctuating over fears of lost supplies from Russia because of the war in Ukr...
Crypto Market Turns Green as CPI Inflation Data Comes in Below Expectation
The cryptocurrency market is going up following the release of the US July Consumer Price Index (CPI). In contrast to the previous forecast, the US CPI inflation came in at 8.5%. While the figure is d...
3 Alternative Investments To Hedge Against Inflation
With record-setting inflation rates and a volatile stock market, you may be looking for alternative ways to preserve and grow your retirement savings. Within any portfolio, hedging against inflation i...
Inflation is easing but Fed won’t in any ‘significant manner’
U.S. Fed is unlikely to slam the breaks on raising rates even though inflation seems to be easing, says Mohamed El-Erian. He’s the Chief Economic Advisor at Allianz. El-Erian’s remarks on CNBC’s ‘Squa...
Bitcoin and Altcoins Spike as US Inflation Drops
The consumer price index report published by the Department of Labor shows that United States inflation dropped to 8.5% in July, marking a sharper fall from 9.1%. This revelation has caught many by su...
Dow Gains 300 Points After New Economic Data Indicates Inflation Has Peaked
Topline The stock market jumped for a second day in a row after more economic data showed that pricing pressures eased in July, which added to investors’ hopes that inflation may have peaked—though so...
Galaxy Digital Records Increased Losses, Senate Passed Inflation Reduction Act, Crypto Market Bullish – crypto.news
Galaxy Digital recently released its quarterly report that indicates the network suffered a $554 million loss in the second quarter. In other news, the US Senate passed the inflation reduction act on ...
Inflation Is A Top Concern For Parents This Back-To-School Season
Diverse group of children getting on school bus getty Inflation is a major concern this back-to-school season, and retailers are focused on finding a clear message that promotes value without sacrific...
Why home prices can stay high, complicating the Fed’s battle against inflation
Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher intere...
BTC and ETH Spiked to New 60-Day Highs on US Inflation News (Market Watch)
The declining CPI numbers brought some positivity back to the crypto markets, as bitcoin spiked to almost $25,000. The altcoins followed suit, and many, such as ETH, marked multi-month highs of their ...
Market Surge After US Inflation Data Has Skeptics Warning It’s Overdone
(Bloomberg) — The cooler-than-expected US inflation reading for July is a positive sign that has buoyed risk assets, but some investors may be getting a little ahead of themselves, according to ...
Opinion: Inflation report brings 2 pieces of good news for retirees and retirement savers
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what ...