Quick, guess the world’s most valuable company? Apple, Facebook, Google? It’s none of those. Instead, Microsoft has claimed the title. The software giant is now worth $1.1 trillion, narrowly edging out Apple for the top spot. And Microsoft’s lead is likely to grow in the coming days. That’s because the company just announced a huge…
The economy is currently grappling with a combination of recession fears and persistently low interest rates. Of these two forces, only one of them is clear for the foreseeable future and that’s low rates. The jury is still out on whether or not the economy is headed for a recession. With low rates come cheaper…
Despite worries of an impending global recession, Jamie Dimon is still feeling rather positive about the state of the U.S. economy — but his sentiment might be misguided. The J.P. Morgan Chase chairman says his gut feeling is that the American economy isn’t nearing a turn for the worse — telling reporters at the Business…
The Dow Jones dropped sharply after the Federal Reserve cut interest rates by 25 basis points to 1.75%, only to mount a stunning recovery in late afternoon trading. The US dollar surged, with Treasury yields hitting the Dow hard as the stock market trembled under the extraordinary situation of three FOMC members dissenting. US stocks…
The US housing market continues to mystify investors as they scrutinize economic data in search of a smoking gun that will vindicate – or vanquish – fears that the US economy is on the brink of a recession. The needle moved in the optimists’ favor on Wednesday, when the Commerce Department reported that housing starts…
The Federal Reserve’s quarter-point rate cut on Wednesday was met with hostility by President Trump, who blasted Chairman Jerome Powell for lacking vision and being totally ‘gutless’ about helping the American economy. Trump Ups Anti-Fed Rhetoric Trump took to Twitter Wednesday afternoon to complain about the Fed’s decision to lower interest rates. Based on Trump’s…
As expected, the Federal Reserve voted to reduce its interest rate target to 1.75% to 2.00% at its September policy meeting. The US central bank has now cut interest rates at two consecutive FOMC meetings, after not cutting rates for more than ten years amid the US economy’s longest-ever expansion. How Each Fed Member Voted…
Blockchain technology has the potential to change the world and disrupt numerous industries with its positive features like increased security, transparency, traceability, and decentralization. Cryptocurrencies are one great example of the possible use-cases of blockchain technology. They allow us to send and receive inexpensive transactions anywhere in the world in 24/7/365, ignoring the bank holidays,…
The Federal Reserve’s recalibration of monetary policy continued Wednesday, as officials voted to lower the benchmark interest rate by 25 basis points. Although the decision was widely expected, traders had grown skeptical about the prospect of another rate cut in the days leading up to the meeting. On Tuesday, Fed Fund futures prices implied a…
Mere days after launching in the world’s largest tobacco market, Juul, a leading e-cigarette producer, had its sales terminated in China; meanwhile, stock estimates have been reduced to little more than vapor, with the firm’s $38 billion valuation slowly evaporating. Just last week the popular vaporizer launched a range of its products on two of…
