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Economic News & Analysis
Here Are the 18 States That Are Providing Money to Residents in Relief Checks to Fight Inflation
Florida declared on Thursday that starting this week, the state would send roughly 60,000 Florida families a one-time relief check for $450 per child. The state joins a number of others that are providing stimulus checks to citizens in various amounts. The states that have implemented their own stimulus check
China Is Quietly Offloading US Treasury Bonds: Big Trouble for Wall Street?
According to Globaltimes, China has been quietly reducing its holdings of US bonds to the lowest level since 2010 and may do so again soon. This represents a significant change from prior years when China was purchasing US Treasury bonds, which could be problematic for the US debt markets for
For the First Time Since 2010 China’s Holdings of U.S. Debt Fall Below $1 Trillion
For the first time in 12 years, China’s holdings of U.S. debt have fallen below $1 trillion due to rising interest rates that may have made Treasury bonds less appealing. According to Treasury Department data released on Monday, China’s portfolio of U.S. government debt decreased to $980.8 billion in May,
Fed Officials Planning 0.75-Point Rate Hike
As part of an aggressive effort to combat high inflation, the Fed may raise interest rates by 0.75 percentage point later this month. The July 26-27 meeting left the door open for a full-point increase. In recent interviews and public comments before their premeeting quiet period, some of them dismissed
The 15 American Housing Markets That Are Currently More Affordable Than They Were in 2005
In many parts of the United States, homeownership is now unaffordable due to rising home prices and mortgage rates. In fact, home prices have increased by 20% over the past year, and mortgage rates have increased from about 3% to about 6% this year, with some experts predicting they will
Bill Gates Makes a Major Announcement in Sadness
The former philanthropist and co-founder of software titan Microsoft bemoans the way the world is heading. Gates suggests in a series of tweets that our world is regressing on a number of issues by listing what he calls “setbacks” from the previous two years. The philanthropist wrote on his account,
North Carolina Ranks No. 1 State for Business ‘by Putting Partisanship Aside’
By putting partisanship aside, North Carolina is America’s Top State for Business in 2022 thanks to its strong economy and history of innovation. North Carolina has rarely finished outside the top 10 in CNBC’s annual competitiveness rankings since 2007. Last year, the state placed second. 2022 is its first year
According to a Survey, This Is the Minimum Income Required to Live Happily in New York
The short answer to the question of how much money you must earn to live happily in New York is “a lot.” According to a Purdue University and GoBankingRates study, New York’s “empire-sized costs of living” require a minimum annual salary of $155,610 to be happy there. The writers claim,
Higher Food Prices and Global Shortages Are Being Predicted as Crop Fertilizer Prices Skyrocket
According to a report in USA Today, farmers in Arcanum, a region of western Ohio, are concerned about maintaining their businesses as costs have skyrocketed this year due to an essential commodity. Fertilizer price increases indicate that farmers are concerned. “Last year, nitrogen (which is used as a fertilizer) was
How Inflation Is Changing People’s Behavior
According to a New Report, Americans Are Buying Cheaper Cuts of Meat, Canceling Subscriptions, and Taking Vacation Days to Save Money on Gas in the Face of Rising Prices In the face of skyrocketing prices, US consumers are getting creative to stay afloat. In an interview with The New York
‘Die-Hard’ Nintendo Fan Spent Over $40,000 on Stock and Then Asked Top Executives Why the Company Won’t Make More of a Fan-Favorite Series
A gamer who stated that he invested more than 5.6 million Japanese yen, which is equivalent to more than $40,000, in Nintendo stock took advantage of the opportunity to ask a question about a fan-favorite series that he hopes will be brought back during the annual shareholder meeting that was
In 2022, the US Dollar Maintains Its Dominance, While China’s Yuan Gains Share of Global Currency Reserves
According to new data released Thursday by the International Monetary Fund, the US dollar has maintained its dominance as the world’s most widely held reserve currency. The dollar’s share of total allocated reserves was 59 percent in the first quarter of 2022, unchanged from the fourth quarter and slightly lower
Inflation Is Now Out of Control
Eroding wealth is affecting many people in a variety of ways, including rising inflation on goods and services, plummeting equity markets, and falling housing prices, to name a few. Governments and central banks, however, deny responsibility for the economic climate they have created, blaming Putin for higher food and energy
All Roads Lead To a Great Recession
Despite encouraging headlines about China loosening its covid policies, US stocks fell sharply from earlier highs after bleak consumer confidence data poured cold water on the month-end relief rally. That is in the range it was printing in during the 2015/16 downturn. It’s a difficult market to navigate these days:
Central Banks Are Being Caught off Guard by an Economic Tsunami
The roaring economic recoveries that followed the pandemic’s first year slowed due to supply-chain issues. The world machine is far too large and complex to restart operations in a matter of months. Slowing growth was also an unexpected occurrence. To top it all off, Russia decided to invade Ukraine, while
American Airlines Has Announced That It Will No Longer Fly to These Four Airports Due to Pilot Shortage
Due to pilot shortage, American Airlines will discontinue service to some airports in Iowa, New York, and Ohio beginning in September. The services will end on September 7 at the Dubuque Regional Airport in Iowa, the Long Island MacArthur Airport and the Ithaca Tompkins International Airport in New York, and
After Declaring That Inflation Was Only “Temporary,“ the European Central Bank Now Denies That Stagflation Is Likely
The Frankfurt-based central bank stated in a report released on Tuesday that it does not think the area will experience stagflation, which occurs when high inflation is combined with slow economic growth and high unemployment, like it did in the 1970s. Stagflation, according to the ECB, is defined as inflation
Canada: Broad-Based Price Pressures Make a 75bp Increase Almost Inevitable
In Canada, inflation reached levels not seen since 1983 in May. We believe that the CPI data make a 75 basis point interest rate hike at the next meeting a near inevitability, with rates peaking at more than 2.75 percent. There was no relief in May for those of us
Bitcoin Is Dead as Predicted
It’s been eight months since I predicted a top in Bitcoin (BTC-USD) and advised investors to avoid it. The market has dropped more than 70% since our last article, crushing dreams and exposing the industry’s false analysts and idols. In this article, I’ll discuss my thoughts on Bitcoin in the
As the Fed Raises Interest Rates, Financial Markets Will Remain Volatile Throughout the Summer
Financial markets have taken a significant hit in the last week as a result of high inflation figures and an expected interest rate hike by the US Federal Reserve, raising fears of a recession. On Monday, June 13, U.S. stocks entered bear market territory, with the S&P 500, Wall Street’s
Apple Store Workers in Maryland Vote to Unionize, a First in the United States
According to the New York Times, employees at an Apple store in the Baltimore area have voted to unionize, making it the first of the company’s 270-plus stores in the United States to join a labor organizing trend sweeping through retailers, restaurants, and technology companies. The outcome, announced by the
Goodbye, Dow 30,000
Dow drops 800 points, dropping below 30,000 for the first time in more than a year. The Dow Jones Industrial Average fell below 30,000 on Thursday, as investors worried that the Federal Reserve’s more aggressive approach to inflation might send the economy into a recession. The Dow had rallied on
As Inflation Surges, the Bank of England Raises Interest Rates for the Fifth Time in a Row
The Bank of England raised interest rates for the fifth time in a row on Thursday in an effort to contain rising inflation. The Monetary Policy Committee voted 6-3 to raise the Bank Rate by 25 basis points to 1.25 percent, with three members calling for a 50 basis point
The Swiss Central Bank Has Surprised Investors by Raising Interest Rates for the First Time Since 2007
On Thursday, the Swiss National Bank hiked its policy interest rate for the first time in 15 years, following other central banks in tightening monetary policy to combat rising inflation and sending the safe-haven franc substantially higher. The central bank raised its policy rate from -0.75 percent to -0.25 percent,
The Federal Reserve Hikes Interest Rates by 0.75 Percent, the Highest Since 1994, in an Effort to Control Inflation
The Federal Reserve hiked interest rates by 0.75 percent on Wednesday, the most in a single meeting since 1994. The Fed signaled that further interest rate rises will occur this year, as the Fed relies on increased borrowing costs to reduce the excessive demand that is contributing to higher-than-expected inflation.
Here’s What the Fed Is Expected to Announce, Including the Biggest Rate Raise in 28 Years
The Federal Reserve is likely to raise interest rates by three-quarters of a percentage point on Wednesday, something it hasn’t done in 28 years. In reaction to rising inflation and unpredictable financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range
Hedge Fund Selling Has Never as Furious as It Has Been in the Last Two Days
The smart money sold equities at the quickest rate on record, sending the S&P 500 into a bear market. Hedge funds watched by Goldman Sachs Group Inc. sold US shares for the seventh day in a row on Monday, with the dollar amount of selling over the past two sessions
The Bitcoin Collapse Is Taking El Salvador’s Big Bet With It
The ongoing cryptocurrency crash has wiped out more than half of El Salvador’s Bitcoin hoard. The Nayib Bukele tracker, named after the country’s Bitcoin-obsessed president, keeps track of each purchase announced by the country, as well as the cost basis, total reserves, and average cost basis of those reserves. Bukele
Build a Recession Proof Fortress Using These 3 Dividend Stocks
In this article we’re taking a look at dividend stocks – the highest possible honor to hold within the dividend haven. There’s just one need to obtain to be in our list, though it is a doozy: Pay 50 years or more of rising dividends – in a row. No
Bank of Canada Alerts High Household Debt and Elevated House Prices Pose Top Risks to Economic Situation
The Bank of Canada advised that household vulnerabilites have gotten worse over the past year and can lead to tension in the monetary system as borrowing costs soar and also very indebted debtors struggle to service their financial debts. In its most recent Financial System Review, the central bank stated
Here Are the 18 States That Are Providing Money to Residents in Relief Checks to Fight Inflation
Florida declared on Thursday that starting this week, the state would send roughly 60,000 Florida families a one-time relief check for $450 per child. The state joins a number of others that are providing stimulus checks to citizens in various amounts. The states that have implemented their own stimulus check
China Is Quietly Offloading US Treasury Bonds: Big Trouble for Wall Street?
According to Globaltimes, China has been quietly reducing its holdings of US bonds to the lowest level since 2010 and may do so again soon. This represents a significant change from prior years when China was purchasing US Treasury bonds, which could be problematic for the US debt markets for
For the First Time Since 2010 China’s Holdings of U.S. Debt Fall Below $1 Trillion
For the first time in 12 years, China’s holdings of U.S. debt have fallen below $1 trillion due to rising interest rates that may have made Treasury bonds less appealing. According to Treasury Department data released on Monday, China’s portfolio of U.S. government debt decreased to $980.8 billion in May,
Fed Officials Planning 0.75-Point Rate Hike
As part of an aggressive effort to combat high inflation, the Fed may raise interest rates by 0.75 percentage point later this month. The July 26-27 meeting left the door open for a full-point increase. In recent interviews and public comments before their premeeting quiet period, some of them dismissed
The 15 American Housing Markets That Are Currently More Affordable Than They Were in 2005
In many parts of the United States, homeownership is now unaffordable due to rising home prices and mortgage rates. In fact, home prices have increased by 20% over the past year, and mortgage rates have increased from about 3% to about 6% this year, with some experts predicting they will
Bill Gates Makes a Major Announcement in Sadness
The former philanthropist and co-founder of software titan Microsoft bemoans the way the world is heading. Gates suggests in a series of tweets that our world is regressing on a number of issues by listing what he calls “setbacks” from the previous two years. The philanthropist wrote on his account,
North Carolina Ranks No. 1 State for Business ‘by Putting Partisanship Aside’
By putting partisanship aside, North Carolina is America’s Top State for Business in 2022 thanks to its strong economy and history of innovation. North Carolina has rarely finished outside the top 10 in CNBC’s annual competitiveness rankings since 2007. Last year, the state placed second. 2022 is its first year
According to a Survey, This Is the Minimum Income Required to Live Happily in New York
The short answer to the question of how much money you must earn to live happily in New York is “a lot.” According to a Purdue University and GoBankingRates study, New York’s “empire-sized costs of living” require a minimum annual salary of $155,610 to be happy there. The writers claim,
Higher Food Prices and Global Shortages Are Being Predicted as Crop Fertilizer Prices Skyrocket
According to a report in USA Today, farmers in Arcanum, a region of western Ohio, are concerned about maintaining their businesses as costs have skyrocketed this year due to an essential commodity. Fertilizer price increases indicate that farmers are concerned. “Last year, nitrogen (which is used as a fertilizer) was
How Inflation Is Changing People’s Behavior
According to a New Report, Americans Are Buying Cheaper Cuts of Meat, Canceling Subscriptions, and Taking Vacation Days to Save Money on Gas in the Face of Rising Prices In the face of skyrocketing prices, US consumers are getting creative to stay afloat. In an interview with The New York
‘Die-Hard’ Nintendo Fan Spent Over $40,000 on Stock and Then Asked Top Executives Why the Company Won’t Make More of a Fan-Favorite Series
A gamer who stated that he invested more than 5.6 million Japanese yen, which is equivalent to more than $40,000, in Nintendo stock took advantage of the opportunity to ask a question about a fan-favorite series that he hopes will be brought back during the annual shareholder meeting that was
In 2022, the US Dollar Maintains Its Dominance, While China’s Yuan Gains Share of Global Currency Reserves
According to new data released Thursday by the International Monetary Fund, the US dollar has maintained its dominance as the world’s most widely held reserve currency. The dollar’s share of total allocated reserves was 59 percent in the first quarter of 2022, unchanged from the fourth quarter and slightly lower
Inflation Is Now Out of Control
Eroding wealth is affecting many people in a variety of ways, including rising inflation on goods and services, plummeting equity markets, and falling housing prices, to name a few. Governments and central banks, however, deny responsibility for the economic climate they have created, blaming Putin for higher food and energy
All Roads Lead To a Great Recession
Despite encouraging headlines about China loosening its covid policies, US stocks fell sharply from earlier highs after bleak consumer confidence data poured cold water on the month-end relief rally. That is in the range it was printing in during the 2015/16 downturn. It’s a difficult market to navigate these days:
Central Banks Are Being Caught off Guard by an Economic Tsunami
The roaring economic recoveries that followed the pandemic’s first year slowed due to supply-chain issues. The world machine is far too large and complex to restart operations in a matter of months. Slowing growth was also an unexpected occurrence. To top it all off, Russia decided to invade Ukraine, while
American Airlines Has Announced That It Will No Longer Fly to These Four Airports Due to Pilot Shortage
Due to pilot shortage, American Airlines will discontinue service to some airports in Iowa, New York, and Ohio beginning in September. The services will end on September 7 at the Dubuque Regional Airport in Iowa, the Long Island MacArthur Airport and the Ithaca Tompkins International Airport in New York, and
After Declaring That Inflation Was Only “Temporary,“ the European Central Bank Now Denies That Stagflation Is Likely
The Frankfurt-based central bank stated in a report released on Tuesday that it does not think the area will experience stagflation, which occurs when high inflation is combined with slow economic growth and high unemployment, like it did in the 1970s. Stagflation, according to the ECB, is defined as inflation
Canada: Broad-Based Price Pressures Make a 75bp Increase Almost Inevitable
In Canada, inflation reached levels not seen since 1983 in May. We believe that the CPI data make a 75 basis point interest rate hike at the next meeting a near inevitability, with rates peaking at more than 2.75 percent. There was no relief in May for those of us
Bitcoin Is Dead as Predicted
It’s been eight months since I predicted a top in Bitcoin (BTC-USD) and advised investors to avoid it. The market has dropped more than 70% since our last article, crushing dreams and exposing the industry’s false analysts and idols. In this article, I’ll discuss my thoughts on Bitcoin in the
As the Fed Raises Interest Rates, Financial Markets Will Remain Volatile Throughout the Summer
Financial markets have taken a significant hit in the last week as a result of high inflation figures and an expected interest rate hike by the US Federal Reserve, raising fears of a recession. On Monday, June 13, U.S. stocks entered bear market territory, with the S&P 500, Wall Street’s
Apple Store Workers in Maryland Vote to Unionize, a First in the United States
According to the New York Times, employees at an Apple store in the Baltimore area have voted to unionize, making it the first of the company’s 270-plus stores in the United States to join a labor organizing trend sweeping through retailers, restaurants, and technology companies. The outcome, announced by the
Goodbye, Dow 30,000
Dow drops 800 points, dropping below 30,000 for the first time in more than a year. The Dow Jones Industrial Average fell below 30,000 on Thursday, as investors worried that the Federal Reserve’s more aggressive approach to inflation might send the economy into a recession. The Dow had rallied on
As Inflation Surges, the Bank of England Raises Interest Rates for the Fifth Time in a Row
The Bank of England raised interest rates for the fifth time in a row on Thursday in an effort to contain rising inflation. The Monetary Policy Committee voted 6-3 to raise the Bank Rate by 25 basis points to 1.25 percent, with three members calling for a 50 basis point
The Swiss Central Bank Has Surprised Investors by Raising Interest Rates for the First Time Since 2007
On Thursday, the Swiss National Bank hiked its policy interest rate for the first time in 15 years, following other central banks in tightening monetary policy to combat rising inflation and sending the safe-haven franc substantially higher. The central bank raised its policy rate from -0.75 percent to -0.25 percent,
The Federal Reserve Hikes Interest Rates by 0.75 Percent, the Highest Since 1994, in an Effort to Control Inflation
The Federal Reserve hiked interest rates by 0.75 percent on Wednesday, the most in a single meeting since 1994. The Fed signaled that further interest rate rises will occur this year, as the Fed relies on increased borrowing costs to reduce the excessive demand that is contributing to higher-than-expected inflation.
Here’s What the Fed Is Expected to Announce, Including the Biggest Rate Raise in 28 Years
The Federal Reserve is likely to raise interest rates by three-quarters of a percentage point on Wednesday, something it hasn’t done in 28 years. In reaction to rising inflation and unpredictable financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range
Hedge Fund Selling Has Never as Furious as It Has Been in the Last Two Days
The smart money sold equities at the quickest rate on record, sending the S&P 500 into a bear market. Hedge funds watched by Goldman Sachs Group Inc. sold US shares for the seventh day in a row on Monday, with the dollar amount of selling over the past two sessions
The Bitcoin Collapse Is Taking El Salvador’s Big Bet With It
The ongoing cryptocurrency crash has wiped out more than half of El Salvador’s Bitcoin hoard. The Nayib Bukele tracker, named after the country’s Bitcoin-obsessed president, keeps track of each purchase announced by the country, as well as the cost basis, total reserves, and average cost basis of those reserves. Bukele
Build a Recession Proof Fortress Using These 3 Dividend Stocks
In this article we’re taking a look at dividend stocks – the highest possible honor to hold within the dividend haven. There’s just one need to obtain to be in our list, though it is a doozy: Pay 50 years or more of rising dividends – in a row. No
Bank of Canada Alerts High Household Debt and Elevated House Prices Pose Top Risks to Economic Situation
The Bank of Canada advised that household vulnerabilites have gotten worse over the past year and can lead to tension in the monetary system as borrowing costs soar and also very indebted debtors struggle to service their financial debts. In its most recent Financial System Review, the central bank stated
