Futures contracts on Wall Street’s major stock indexes were all in the red ahead of opening bell Thursday, pointing to likely drops when markets open later in the day as the post-Fed rate hike rally appears at risk of fading. The Federal Reserve on Wednesday hiked rates by 75 basis points, the sharpest increase since…
Wall Street Stock Futures Point to Drops on Opening Bell as Post-Fed Hike Rally Threatened
Here’s How Much Elon Musk-Related Scams Have Cost Traders and Investors
An estimated $5.4 million worth of cryptocurrency has been lost to scams perpetrated in the name of Tesla CEO Elon Musk from 2018 to May 2022, an analysis conducted by blockchain visualization and risk mitigation software company Blockchain Intelligence Group (BIG) has revealed. The research further indicates from 2018 to May 2022, a total of 2,703…
US Homebuilder Sentiment Falls to Lowest Level Since Pandemic as Affordability Worsens
June 15, 2022
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Business & MarketseconomyHomebuilder ConfidenceinflationInvestmentMarketsreal estateu.s. real estateUS Real Estate
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American homebuilders have grown more pessimistic about the state of the housing market over the past six months due to increasing interest rates, with sentiment falling to their lowest level since June 2020 at the height of the pandemic. Mortgage demand throughout the country has fallen to less than half of what it was a…
Lawmakers Push to Screen Investment to China
The United States is keeping a closer eye on investment in China. A new move could keep billions of U.S. dollars away from the communist country. Rare earths are key elements for the production of weapons. China dominates the market, but the United States is taking steps to change that. Is China’s zero-COVID-19 policy really…
What High Interest Rates Mean for American Borrowers, Savers, Homebuyers
June 15, 2022
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borrowersBusiness & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesInvestmentUS
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The Federal Reserve raised interest rates by 75 basis points at the June Federal Open Market Committee (FOMC) policy meeting as the central bank tries to stop inflation from spiraling out of control. Deutsche Bank analysts are already anticipating the rate-setting Committee to pull the trigger on a three-quarter-point increase at next month’s meeting, which…
The Curse of Monetary Complexity
Complexities come with an insidious burden and blindness that human nature oddly finds attractive. Complexity is often equated with sophistication, however, erroneously. Complex objects, ideas, and systems tend to elicit awe. Complex problems tend to be treated with complex solutions. Not surprisingly, such is the state of monetary affairs. The thing about complexity is that…
London Metal Exchange Faces Complaint from US Hedge Fund Group Over Cancelled Nickel Trades
June 15, 2022
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Business & MarketsChinacommoditiesCompaniesdemon nickelhedge fundHK BusinessHKEXHong KongInvestmentLMELondon Metal Exchange (LME)MarketsNickelTsingshan HoldingUKUSUS NewsWorld
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New Analysis On June 1, U.S. hedge fund Elliot Management filed a suit against LME in the English High Court for $456 million over its controversial decision to suspend nickel futures contracts and cancel trades in early March. A few days later, on June 6, trading house Jane Street also filed its case against the exchange…
BlackRock Sells US Interests for ‘Personal Favors’ in China, Consumer Group Director Says
June 15, 2022
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BlackRockBusiness & MarketsChinaChinese RegimeCompanieseconomyESGFinance & Business TiesInvestmentLarry FinkSpecial TopicsUSUS NewsUS-China relationswill hild
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BlackRock, the world’s largest investment manager that oversees $10 trillion in client funds, has positioned itself as a socially conscious firm. However, the company is choosing China over the United States as it advances its environmental and social priorities, according to Will Hild, executive director of Washginton-based nonprofit Consumers’ Research. Hild said BlackRock CEO Larry…
BlackRock Sells Out US Interests for ‘Personal Favors’ in China, Consumer Group Director Says
June 15, 2022
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BlackRockBusiness & MarketsChinaChinese RegimeCompanieseconomyESGFinance & Business TiesInvestmentLarry FinkSpecial TopicsUSUS NewsUS-China relationswill hild
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BlackRock, the world’s largest investment manager that oversees $10 trillion in client funds, has positioned itself as a socially conscious firm. However, the company is choosing China over the United States as it advances its environmental and social priorities, according to Will Hild, executive director of Washginton-based nonprofit Consumers’ Research. Hild said BlackRock CEO Larry…
Investors Worried Tech Stocks Poised to Repeat Dot-Com Crash
Technology stocks and indexes are suffering the biggest market crash since the dot-com bubble as the selloff intensifies in the global financial markets. During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low…
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