FinancialNews

Rate Cut Projections: What the Market Expects in 2024

14 days ago

Recently, there has been a growing interest in the topic of interest rate cuts in the U.S., particularly in light of the current economic conditions. Economists and analysts are paying attention to possible changes in monetary policy that may take place throughout 2024. Currently, the market is anticipating several rate cuts during the year, which could significantly impact the country's financial system.

US Trade Deficit Widens to $78.8 Billion - Highest in Two Years

7 months ago

The US trade deficit widened in July 2024, reaching $78.8 billion, marking the highest level in two years. This increase of 11.6% from the previous month came amid a surge in imports that significantly outpaced exports. The widening deficit reflects the economic changes that have occurred in the country and globally in recent months, including shifts in supply chains and changes in consumer demand.

Millennium Management Invests $1 Billion in Val Zlatev's Tech Hedge Fund

7 months ago

Investment management firm Millennium Management has taken a significant step towards the tech sector by investing one billion dollars in the hedge fund led by Val Zlatev. This move underscores Millennium's shift towards exploring yield within the rapidly evolving field of technology.

Bitcoin Flirts with $65,000 Amid Powell Pivot and ETF Inflows

7 months ago

Bitcoin, the most well-known cryptocurrency, has shown impressive gains this week, edging closer to the $65,000 mark due to a shift in rhetoric from Federal Reserve Chair Jerome Powell and a significant influx of funds into various cryptocurrency-related ETFs. Global markets received a boost following Powell's optimistic comments hinting at a potential easing of monetary policy in response to economic conditions.

Canada's Retail Sales Surge in July: Positive Trends Following June Decline

7 months ago

According to recent data, retail sales in Canada likely rose by 0.6% in July after a 0.2% decline in the previous month. These figures are based on preliminary estimates provided by Statistics Canada. This recovery represents a positive signal for the country's economy, as the retail sector is a key indicator of economic activity.