Fed Minutes Show Powell Wants To Keep Rate Hike Options Open, But Path Remains Uncertain
Federal Reserve officials stressed the need to keep their options open on future rate hikes, minutes from the central bank's May policy meeting indicated Wednesday, but hinted that if the economy performs as expected, further increases might not be necessary.
What India's Decision to Scrap its 2000-Rupee Note Means for its Economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday.
Marketmind: Get Ready for the Debt Ceiling Rally
U.S. President Biden delivers remarks on debt ceiling talks and “preventing a first-ever government default” at the White House in Washington.
Etsy: Unusual Breakout Story amid Generally Subdued Market
Before the Covid-19 pandemic, Etsy was growing nicely by connecting craft makers with customers looking for something a bit more out of the ordinary than mainstream e-commerce fare.
Former U.S. Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling
Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally.
China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again
Central banks across the world continued to buy gold in the first quarter, adding 228.4 tons to global reserves, up 176% YoY, data from the World Gold Council (WGC) showed on Friday.
Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) continued its year-plus slew of rate hikes on Wednesday, May 3, lifting the fed funds rate by 25 basis points to a targeted range of 5%-5.25%.
Charlie Munger Says Banks ‘Full of’ Bad Loans on Commercial Property: Report
‘It’s not nearly as bad as it was in 2008. But trouble happens to banking, just like trouble happens everywhere else.
Disney Begins Second, Larger Round of Layoffs, Bringing Total to 4,000 Jobs Cut
Disney (DIS) began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed.
Goldshore Resources Finds High-Grade Sub-Vertical Deposits and Expects Significant Value Increase
Goldshore Resources (GSHRF) is anticipating a number of forward-looking milestones that it expects will increase the company's value.
India Will Upstage China to Become Most Populous Nation by Mid-2023
India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come.
Credit Crunch is coming for the U.S. that'll Tip the Economy into Recession, 'Dr. Doom' Economist Nouriel Roubini Warns
The U.S. is heading for a credit crunch that'll tip the economy into recession, according to “Dr Doom” economist Nouriel Roubini.
Bitcoin Crosses $30,000 for the First Time Since June 2022
Bitcoin (BTCUSD) has surged almost 9% so far this week and touched a 10-month high.
Inflation and Bank Earnings in Focus This Week
First quarter earnings season will get underway this week with big banks reporting results on Friday, April 14, as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.