LONDON—World stocks rallied on Tuesday, as traders held on to hope that interest rates will soon peak and come down later this year, even if the latest U.S. jobs data supported the case for a May hike from the Federal Reserve. Those hopes were fanned by an analysis in the International Monetary Fund’s latest World…
World Stocks Hold on to Upbeat Mood, Dollar Stalls
April 11, 2023
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Lawmakers Probe If Collusion Between SVB and Its Biggest Customers Helped Fuel Collapse
April 10, 2023
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Two Democrat lawmakers are probing if “mutual backscratching arrangements” between Silicon Valley Bank (SVB) and some of its biggest customers helped fuel its collapse early last month. Sen. Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY) have requested responses from some of the largest depositors at the failed bank, to probe the nature of their relationship with the failed…
Wall Street Ends Mixed With Inflation Data, Earnings on Tap
NEW YORK—U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday’s employment report and prepared for an eventful week of inflation data and bank earnings. Megacap momentum stocks dragged the tech-heavy Nasdaq slightly lower, while industrials helped boost the blue-chip Dow into green territory. The bellwether S&P…
Market Betting on Fed Rate Cuts: Investment Strategist
April 10, 2023
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Investors are closely watching the consumer price index report this Wednesday for signs that inflation is slowing down. But Lance Roberts, chief investment strategist for RIA advisors, says recent core CPI data shows that inflation is still sticky. The federal reserve has been hiking interest rates to fight inflation. While it says it’s going to…
World’s Top Chipmaker Posts Drop in Revenue, Its First Decline in Four Years
April 10, 2023
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Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s top chipmaker, posted a double-digit drop in revenue last month, its first decline in four years. The chip-making giant’s filing on April 10 showed that revenue for March fell 15 percent from the same month a year earlier, after economic headwinds hit the semiconductor market, according to Dow Jones Newswires….
Shortage of Qualified Workers Pose Hiring Challenges for Small Businesses, Says Report
April 10, 2023
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Small businesses are struggling to hire owing to a shortage of qualified applicants, while also being challenged by inflation, according to reports by the National Federation of Independent Business (NFIB). Forty-three percent of owners had job openings they could not fill in March, on a seasonally adjusted basis, said NFIB’s March 2023 Jobs Report. Meanwhile,…
Shortage of Qualified Workers Poses Hiring Challenges for Small Businesses, Says Report
April 10, 2023
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Business & Marketseconomyjob openingsMarketsqualified workerssmall businessunemploymentUSUS labor forceUS Newsworker shortage
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Small businesses are struggling to hire owing to a shortage of qualified applicants, while also being challenged by inflation, according to reports by the National Federation of Independent Business (NFIB). Forty-three percent of owners had job openings they could not fill in March, on a seasonally adjusted basis, said NFIB’s March 2023 Jobs Report. Meanwhile,…
Wall Street Drops as Job Gains Fuel Rate-Hike Worries
U.S. stock indexes fell on Monday on growing concerns that the Federal Reserve will continue to raise interest rates after Friday’s jobs data pointed to a resilient labor market. The tech-heavy Nasdaq led losses among the major indexes after the long weekend, with growth stocks including Apple Inc., Amazon.com Inc., and Microsoft Corp. slipping between…
What Is Fine Gold? Understanding Gold Purities and Fineness
“Fine gold” refers to any precious metal composed of 99.9% gold, commonly called “pure gold.” Understanding the fundamentals of gold purity is essential for investors, collectors, and numismatists. After all, the purity of gold bullion bars, coins, rounds, and jewelry directly impacts their value. Below, we’ll explain everything you need about fine gold, purity levels,…
FTX Failure Rooted in ‘Hubris,’ ‘Greed,’ Debtors Report Says
Failed crypto exchange FTX Trading Ltd. lacked a control framework, and collapsed due to “hubris, incompetence, and greed,” according to a new review of FTX, which mentioned that the previous management “stifled dissent” and “joked internally about their tendency to lose track of millions of dollars in assets.” The review was published as an interim…
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