Dow Falls More than 400 points on Higher Than Anticipated Inflation DataOn Tuesday, the Dow Jones Industrial Average and other major stock indices experienced significant declines following the release of hotter-than-anticipated inflation data for January. Despite a modest easing of inflation rates, the figures remained persistently high, with the Consumer Price Index (CPI) rising by 3.1% year-over-year and 0.3% from the previous month, surpassing economists’ expectations […] READ MORE NYCB Shares Close Lower as Recent Gains DisappearNew York Community Bancorp (NYCB) experienced a volatile trading day, ultimately closing with a slight decline of 0.2% at $4.89, despite an initial surge of over 7% earlier. This change reflects the bank’s ongoing efforts to regain investor trust following a surprising quarterly loss reported on January 31, attributed to its loans connected to the […] READ MORE ZeroHedge: CPI Prints Hotter Than Expected In January As SuperCore SoaredThe January Consumer Price Index (CPI) report delivered a hotter than expected outcome, defying anticipations for a significant decrease in the year-over-year inflation rate. Instead of dropping to the forecasted 2.9% from the previous 3.4%, the CPI saw a year-over-year increase of 3.1%, dampening hopes for inflation cooling to below 3%. On a month-over-month basis, […] READ MORE Geopolitical Tensions, Not Interest Rates, Now Seen as Main Risk to U.S. EconomyThe landscape of the U.S. economy is currently a blend of optimism and caution, according to a recent survey by the National Association of Business Economics (NABE). Only about 25% of business economists anticipate the United States entering a recession this year, suggesting a more positive outlook compared to previous expectations. This optimism is rooted […] READ MORE Inflation Ticks Higher in January, Surpassing PredictionsIn January, the prices of goods went up a bit more than what experts thought they would, showing that inflation isn’t slowing down as quickly as hoped. The Consumer Price Index (CPI), increased by 0.3% from December to January and was 3.1% higher than last January. This was more than the expected 0.2% monthly increase […] READ MORE "I've Been Warning About THIS For a YEAR, Well Here It Is" Decoding the Banking Sector PlungeMike and Alan dissect the troubling developments within the banking industry, honing in on NYCB’s drastic stock price fall. READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation DataThe S&P 500 hit a record high, closing above 5,000 for the first time after a strong few weeks driven by better-than-expected company earnings and the Federal Reserve’s consistent message on inflation. This week, all eyes are on the Consumer Price Index (CPI) for January, with experts predicting a year-on-year increase of 2.9%, down from […] READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial StabilityZimbabwe is exploring the option of backing its currency with gold to stabilize its exchange rate, according to Finance Minister Mthuli Ncube. This announcement comes as part of efforts to address the ongoing instability of the Zimbabwe dollar, which has struggled since its reintroduction in 2019 after a period of hyperinflation. President Emmerson Mnangagwa also […] READ MORE Record Gold Buying by Central Banks Expected to Continue, According to TDSIn recent years, central banks across the globe have significantly increased their gold acquisitions, with purchases surpassing 1,000 tonnes annually in both 2022 and 2023. TD Securities analysts forecast this upward trend in gold buying to persist, driven by a growing consensus among central banks regarding a potential decline in the dominance of the US […] READ MORE « Previous 1 … 57 58 59 60 61 … 79 Next »
