Investors are closely monitoring the Federal Reserve’s monetary policy as the central bank decided to hold interest rates steady for the second consecutive time during its recent meeting. While many investors believe the Fed is done raising rates, concerns about the US economy’s health continue to linger, particularly in the small-cap stock segment. The Russell…
In a significant legal development, a Missouri jury has rendered a verdict against the National Association of Realtors (NAR), a real estate industry trade group, and several residential brokerages. The jury found them liable for nearly $1.8 billion in damages, concluding that they had conspired to artificially maintain high commissions for home sales. This lawsuit…
Oil prices faced another decline on Monday, reflecting a shifting balance of concerns in the market. While Israel’s recent military operations in Gaza stirred regional tensions, it was the overarching global economic worries that took center stage. Brent crude, the global oil benchmark, dropped by 1.6% to $89 a barrel, and West Texas Intermediate (WTI)…
In the world of finance, few things can rattle investors quite like a soaring budget deficit, especially when it comes to the United States. The latest figures from the Treasury Department for the fiscal year that ended on September 30 painted a concerning picture, showing a budget deficit of $1.7 trillion. However, when we factor…
Former crypto billionaire Sam Bankman-Fried recently faced a judge and jury as he stands trial for criminal fraud. The 31-year-old entrepreneur, who could potentially face a lifetime behind bars if convicted on all seven fraud counts, has been the center of attention in a high-profile case. Prosecutors allege that Bankman-Fried’s crypto exchange, FTX, was founded…
The latest economic data from the US has painted a mixed picture of the nation’s economic health. While the numbers indicate that consumer are spending with vigor, corporate earnings tell a somewhat different story, suggesting that this spending may not be sustainable in the long term. On one hand, the United States saw its Gross…
US stocks markets faced a decline on Thursday, driven by disappointing third-quarter results from major tech companies and elevated Treasury yields. The Dow dipped approximately 252 points, marking a 0.8% decrease, while the S&P experienced a 1.2% drop. The Nasdaq Composite, primarily composed of tech stocks, plummeted by another 1.8%. This decline on Thursday followed…
In 2021, when the price of organic cotton and other raw materials spiked, the family that runs White Lotus Home, a New Jersey-based sustainable bedding company, hoped the 20% to 25% jumps were merely momentary and opted to absorb most of the costs. But earlier this month, amid concerns about rising inflation, Marlon Pando, White…
Investors today find themselves preoccupied with numerous concerns, but one issue seems to be flying under the radar. The Israel-Hamas conflict, which ignited in early October, initially sent shockwaves through global financial markets. Stocks nosedived, the Israeli shekel depreciated, and oil prices surged. On the first trading day following the war’s commencement, the US bond market,…
Three months ago, CAB Payments faced a rocky start when it went public on the London Stock Exchange. Its shares fell nearly 10% on the first day of trading, reflecting the challenges in an IPO market that had been starved of new listings. However, the situation has taken a dramatic turn for the worse. On…