U.S. Economy

Fed Minutes Show More Rate Hikes Coming, but Pace Could Slow

According to the minutes of their July 26-27 policy meeting

Investing Ideas

Tesla Brisk At Giga Shanghai, Musk Offloads More Shares

Notwithstanding the broader market rally, electric vehicle stocks closed the week ending Aug. 12 on a mixed note.

International

Drought Threatens 60% Of Eu And U.K. As Europe Faces "Critical Situation"

Drought conditions are affecting about 60% of the EU and the U.K., exacerbated by climate-change driven record heat across Europe this summer, according to new research from the European Drought Observatory.

International

Elon Musk Predicts 'Mild Recession' For 18 Months, Says U.S. Economy Is 'Past Peak Inflation'

CEO Elon Musk has said that the U.S. recession is inevitable and will last for the next year and a half.

International

Japan’s Inflation Stays Above Central Bank Target for 3rd Month

Japan’s core consumer inflation remained above the central bank’s 2% target for a 3rd straight month in June

Investing Ideas

IBM's Cloud Strategy May Remind Investors of Microsoft's Comeback, but Cloud Industry Changed During That Time

International Business Machines (IBM) has redefined itself primarily as a cloud company.

Investing Ideas

Pfizer Tests Pill That Could Prevent Covid Infection

While there are numerous effective and safe vaccines to prevent Covid-19, there are few drugs to treat those who have already contracted or been exposed to the virus.

U.S. Economy

Mortgage Demand Drops to 22-year Low as Higher Interest Rates and Inflation Crush Homebuyers

Surging inflation and interest rates are hammering American consumers and weighing on the housing market.

Investing Ideas

How Is The Market Feeling About Kraft Heinz?

Consumer staples are a good way to shield oneself from an economic downturn, as households should continue to gravitate towards familiar brands in good times and bad.

U.S. Economy

Inflation Spiked 9.1% In June – Hitting New 40-Year High As Price Surge Fuels Recession Fears

Overall prices rose 1.3% from May – surpassing the 1.1% economists were expecting and much higher than the previous month’s increase of 1%, according to data released by the Labor Department on Wednesday.

International

U.S. Treasury to End 1979 Treaty with Global Minimum Tax Holdout Hungary

The U.S. Treasury on Friday said it was moving to terminate a 1979 tax treaty with Hungary in the wake of Budapest's decision to block the European Union's implementation of a new, 15% global minimum tax.

U.S. Economy

Fed Minutes Show Appetite For More Rate Hikes to Fight 'Entrenched' Inflation

The Federal Reserve was worried that inflation may become so entrenched in the U.S. economy that the public would question its resolve to fight it,

International

British Pound Q3 2022 Forecast: The Bank of England - It’s Time to Decide

The second quarter of the year has been a tricky three months for the Bank of England (BoE) as inflation continued to soar – and is expected to rise further - while growth slowed to a crawl, sparking fears that the UK may enter a recession (two consecutive quarters of negative growth).