The Fed’s higher-for-longer strategy on interest rates is slowly crumbling
Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair Jerome Powell and other officials saying they’re not considering rate cuts…
Gold prices sprint to all-time peak on Fed rate-cut bets
Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year.…
Black Friday Was a Hit Online, Reaching a Record $9.8 Billion in the U.S.
Early Black Friday sales data pointed to a healthy start to the holiday shopping season—at least online. A Record Despite industry expectations for slowing retail sales growth overall this year, Adobe said Black…
WeWork Files for Bankruptcy Amid Glut of Empty Offices
WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday after years of struggling to find…
Is the U.S. bond market finally starting to calm down?
Lately, there’s been a heightened pulse in economic circles. Talk is rife about interest rates, especially given the U.S. Federal Reserve’s aggressive 18-month-long bid to undo the easy-money strategies initiated after the 2008 financial crisis.…
China to host Belt and Road forum in Beijing Oct 17-18
China will host its third Belt and Road Forum next week, its foreign ministry said on Wednesday, a President Xi Jinping signature event that President Vladimir Putin is due to attend on a…
