Asia stocks slip, dollar climbs as Fed rate path pondered

aol.com May 8, 2024 at 2:05 AM TOKYO (Reuters) -Asian stocks slipped on Wednesday, while the dollar climbed despite lower U.S. Treasury yields as markets assessed mixed signals from…

Bitcoin ETFs Take In $217 Million for Second Consecutive Day of Net Gains

decrypt.co Bitcoin exchange-traded fund (ETF) fever is back? It looks like it. After a sluggish few weeks of outflows, investors are back chucking cash at the products. Yesterday,…

Asian stocks fall as China rally pauses, rate optimism cools

investing.com Investing.com-- Most Asian stocks traded in a flat-to-low range on Wednesday as a rebound in Chinese markets paused for breath, while comments from some Federal Reserve…

LoanDepot Says ‘Higher for Longer’ Interest Will Keep Challenging Mortgage Industry

pymnts.com LoanDepot expects the mortgage industry to continue facing a challenging environment. Recent interest rate increases have reduced industry forecasts for market volumes for…

Bad-Loans Hit Record-High As Used-Car Prices Suffer Worst Bear-Market Ever

zerohedge.com Bad-Loans Hit Record-High As Used-Car Prices Suffer Worst Bear-Market Ever A bear market in the used car market was confirmed in November and has since worsened through…

Billionaire fund manager Griffin predicts Fed rate cuts in 2024

thestreet.com Hedge fund manager Ken Griffin, chief executive of Citadel, has carved out a legendary status for himself in the finance industry. His investing success goes back at least…

Billionaire Stan Druckenmiller says he'd give Bidenomics an ‘F’ because inflation almost came down before the Fed 'fumbled on the five-yard line’

fortune.com Bidenomics has another critic. Stanley Druckenmiller, the famed billionaire investor who made his money working alongside George Soros, has been extremely disgruntled with…

The US Dollar Is Anti-America

tftc.io Above is a timestamped link to Parker Lewis' presentation (2:12:37) at the BitBlockBoom conference last month. You should all give it a listen if you haven't already. When…

Cramer explains how to maintain a 'balanced' portfolio as the economy slows

cnbc.com CNBC's Jim Cramer on Tuesday said Wall Street is currently going through a tricky stage of the business cycle with the economy slowing but the Federal Reserve not yet…

Stan Druckenmiller Gives Bidenomics An "F"

zerohedge.com Stan Druckenmiller Gives Bidenomics An "F" Billionaire investor and Duquesne Family Office Chairman & CEO Stan Druckenmiller slammed Bidenomics and warned the Federal…

Billionaire Stan Druckenmiller says he’d give Bidenomics an ‘F’ because inflation almost came down before the Fed ‘fumbled on the five-yard line’

aol.com Bidenomics has another critic. Stanley Druckenmiller, the famed billionaire investor who made his money working alongside George Soros, has been extremely disgruntled with…

Macro headwinds could spur a ‘boring’ bitcoin summer

blockworks.co Bitcoin is no longer merely that taboo thing your techie uncle awkwardly brings up at family gatherings. Well, maybe the asset is only that for you — but if so, you’re in…

Dow, S&P 500 Tick Higher

barrons.com The stock market didn’t go much of anywhere on Tuesday as traders digested an otherwise strong start to the month of May. The Dow Jones Industrial Average was up about 32…

A 'proper' economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says

aol.com None With a slowdown in the US labor market, two negative quarters of growth could hit at the end of the year. • None When that happens, the central bank will have to ease…

The 3 Best Nasdaq Stocks to Buy in May 2024

investorplace.com Shine the spotlight on these winners While conventional wisdom calls for selling securities, these best Nasdaq stocks may require a complete rethink. With the possibility…

7 surprising facts about credit cards

siliconvalley.com By Melissa Lambarena | NerdWallet Using a credit card to make purchases is straightforward, but understanding the ins and outs of how exactly they work can be more…

Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High

zerohedge.com Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High After several months of wild swings in US consumer debt, culminating with last month's jump…

U.S. consumer credit growth slows in March

marketwatch.com Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday.

200-page report offers ‘sobering look’ inside toxic workplace at the government agency that regulates bankers, sources say

fortune.com A probe into the Federal Deposit Insurance Corp.’s workplace found credible allegations of a toxic environment for bank examiners and that the agency’s culture needs an…

Social Security Cost-Of-Living Adjustment (COLA) Forecast May Surprise Retirees

247wallst.com Social Security is a vital lifeline for millions of retirees. In fact, over 40% of retirees rely solely on Social Security for retirement. The Social Security Administration…

Interest rates still might not be high enough to quell inflation, Minneapolis Fed president says

aol.com None Minneapolis Fed President Neel Kashkari suggested interest rates are likely to stay put for an extended period. • None Resilient housing inflation shows that Fed policy…

7 Cryptos to Watch This Week as the Market Heats Up

investorplace.com Last week, cryptos to watch got their first real scare of the year. Following the media firestorm over the original blockchain asset’s halving event, all eyes shifted to the…

How major US stock indexes fared Monday, 5/6/2024

apnews.com U.S. stocks closed higher on Wall Street, adding to last week’s gains. The S&P 500 climbed 1% Monday. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite…

What will happen to home prices if mortgage rates stay high? Experts weigh in

cbsnews.com We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The Federal Reserve continues to battle…

AI Tokens Outperform as Crypto Markets Consolidate

thedefiant.io RNDR, TAO and FET have posted double-digit percentage gains in the past week. Most digital assets are trading sideways on Tuesday, in line with global markets. Bitcoin, the…

Stock market today: Wall Street holds steady after its 3-day winning streak

apnews.com U.S. stocks are holding relatively steady Tuesday as trading on Wall Street calms following some sharp recent swings. The S&P 500 was 0.2% higher in afternoon trading,…

The 3 Best REITs to Buy in May 2024

investorplace.com These are some pretty dirt-cheap REITs to consider if you're in the market The real estate investment trust (REIT) universe could be worth monitoring this summer as…

Bad News for Retirees: Social Security COLA Update 2025 Revealed

investorplace.com The Social Security cost-of-living adjustment (COLA) update for 2025 is out and it’s not presenting retirees with any information they want to hear. The bad news for…

4 Sector ETFs & Stocks Likely to Benefit Despite Soft Jobs Data

benzinga.com The U.S. economy added 175,000 jobs in April, well below Wall Street expectations of 240,000, strengthening bets that the Federal Reserve will be able to cut interest rates…

Why America can’t escape inflation worries

economist.com Some hikers believe that the last mile is the hardest: all the blisters and accumulated aches slow progress at the very end. Others swear that it is the easiest because the…

Bankers have reason to hope Trump triumphs

economist.com Have you noticed that America’s bankers are seething over proposed new capital rules? What gave it away? Perhaps it was the advertisements that warn of dire consequences for…

Gensler Going After ETH? on Bankless

bankless.com Crypto had a rough go this week after the ecstasy of earlier this month. The total crypto market cap finished the week in the red after a couple of breakout attempts. What…

Bitcoin's Bearish Plunge on Bankless

bankless.com With prices continuing to slide, is there hope for a turnaround? Bitcoin's slide is erasing weeks of gains. Meanwhile, the total crypto market cap faces its largest string…

A soft landing will be tough to achieve, and inflation has hit lower-income Americans hard, Citi CEO Jane Fraser says

aol.com None A "soft landing" scenario is unlikely for the US economy, Citi CEO Jane Fraser said. • None The bank chief said that wealthier Americans are spending while lower-income…

Why a stronger dollar is dangerous

economist.com The dollar is looking formidable. As American growth has stayed strong and investors have scaled back bets that the Federal Reserve will cut interest rates, money has…

What's next for US interest rates?

theweek.com The Federal Reserve left interest rates unchanged again at its meeting that concluded on May 1, marking the sixth consecutive time it has done so. For now, that leaves the…

Billionaire, Harvard Donor Ken Griffin Says Protesters Are Byproduct Of "Failed Education System"

zerohedge.com Billionaire, Harvard Donor Ken Griffin Says Protesters Are Byproduct Of "Failed Education System" Ken Griffin, the founder of Citadel and a Harvard University alumnus, was…

3 Automotive Parts Makers Growing at Double-Digit Rates

marketbeat.com The latest ISM manufacturing PMI index suggests that the turning point for the automotive stock sector is imminent. According to the report, a member of the primary metals…

Bitcoin Could Benefit From U.S. Fiscal Dominance and a Trump Win, Standard Chartered Says

coindesk.com None Investors may seek out alternative assets like crypto due to the risk of U.S. fiscal dominance and the monetization of government debt, the report said. • None Standard…

For finance titans, the US economy rules

aol.com The financial titans attending this year’s Milken Institute conference in Beverly Hills don’t seem like the types who answer consumer confidence surveys or financial…

New York tops the list of the 50 richest cities in the world

cnbc.com New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of California is close behind, according to a new study. New…

Dogecoin Price Prediction as Large Holders Transfer DOGE to Robinhood Exchange Amid Wells Notice

cryptonews.com The Dogecoin price has dipped by 2.5% in the past 24 hours, falling to $0.158 as the crypto market as a whole loses 2% today. DOGE remains up by 14% in the past week,…

Bitcoin Rebound: What’s Its Impact on Top Cryptos

coinpedia.org Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its…

Stock market today: Indexes extend gains as traders eye Fed speakers for rate clues

aol.com May 7, 2024 at 9:39 AM • None Markets started were revived last week as the April jobs report renewed hopes of rate cuts. • None Investors will tune in to Fed speakers this…

Embedded Lending May Find Embrace as a ‘Bridge’ to Everyday Essential Spending

pymnts.com Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses. And it may help them pay for at…

US Banks See Sharp Decline in Loan Demand

tftc.io In a recent survey published on Monday by the Federal Reserve, senior loan officers across the United States have indicated a renewed weakening in demand for industrial…

Mortgage Rate Lock-In and Homeowners’ Moving Plans

libertystreeteconomics.newyorkfed.org The U.S. housing market has had a tumultuous few years. After falling to record lows during the pandemic, the average 30-year mortgage rate rapidly increased in 2022 and…

Federal Reserve is giving your money away and it could destroy more than your wallet

aol.com Federal Reserve Chair Jerome Powell spoke May 1, trying to project an image of calm optimism. But, very much like the Wizard of Oz, the Fed doesn't want you to pay attention…

Bitcoin Exits Danger Zone, Enters Accumulation Phase

beincrypto.com Bitcoin price has once again shown its resilience by navigating through a volatile period known as the “Danger Zone.” This phase follows Bitcoin’s halving event, which…

Stock Market Today: Stocks higher amid interest rates, Mideast concerns

thestreet.com Check back for updates throughout the trading day Stocks edge higher on Tuesday amid concerns about risks tied to the U.S. economy and to events in the Middle East. The Dow…

Stanley Druckenmiller gives Biden's economic policies an 'F,' blames the Fed for reigniting inflation

cnbc.com Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's chances at getting reelected, billionaire…

Bitcoin halving jitters vanish as traders bet on calm markets

dlnews.com After a rocky start to the month, traders in the options market are betting on smooth sailing ahead for Bitcoin and Ethereum. Using the market yardstick known as the…

Former Trump economic adviser denies speculation of plan to erode Fed's independence

aol.com A former top economic adviser to Donald Trump denied reports the former President and his allies planned to erode the independence of the Federal Reserve, if elected to a…