Americans’ Savings Decimated by $1.76 Trillion as 2020 Skyrockets Credit Card Debt to Record Levels!
Understanding American Consumers: A Look at Savings and Expenditure In the wake of the global economic turmoil brought about by the Covid-19 pandemic, economic insights and consumer data have become highly useful. Central to understanding economic trajectories has been looking at consumer behavior, savings, and spending patterns. Let us unpack some key revelations from recent […]
Brace Yourselves: Is a Major Market Downturn Looming on the Horizon?
There has been a growing concern regarding the potential of a recession in the United States. Not only financial experts, but average citizens as well, are increasingly fearing the potential adverse consequences of a market crash. 1. Identifying the Symptoms of a Looming Recession The fears regarding a recession have been fueled by a series […]
5-Year TIPS Rate Skyrockets Above 2%, Nears its Highest Peak Since 2008!
In a striking revelation, the 5-year rate on Treasury Inflation-Protected Securities (TIPS) surpassed a significant benchmark of 2% on Thursday morning. This unusual surge was witnessed following an assorted batch of encouraging U.S data which reassured the market of a robust economy and labor force. Even the series of rate hikes introduced by the Federal […]
Will a Price Crash Loom Over the Horizon? Prepare for the Unexpected!
A major Pepe whale has recently transferred an astonishing 4.23 trillion Pepe tokens, equivalent to roughly $56.6 million, to Binance. This development, revealed by blockchain sleuth Lookonchain, came right on the heels of Pepe’s listing on the world’s largest crypto exchange earlier that day. The whale’s substantial transfer has triggered a wave of speculation about […]
Nigeria Greenlights Blockchain-Powered Economy: Revolutionizing National Policy for a High-Tech Future
The Nigerian government has approved a national blockchain policy as part of its efforts to transition to a digital economy. The Federal Ministry of Communications and Digital Economy developed the policy, which aims to create a blockchain-powered economy that supports secure transactions, data sharing, and value exchange between individuals, businesses, and the government. This is […]
Upwork Slashes Annual Forecasts Amid Economic Woes – Discover How Freelancers Triumph!
Shares of Upwork Inc. (UPWK) fell more than 12% in extended trading on Wednesday after the freelance platform reported a narrower-than-expected adjusted loss for the first quarter and revenue exceeded Wall Street expectations. However, the company reduced its guidance for the year, causing investor concern. In the first quarter, Upwork earned $17.2 million, or 13 […]
“USD/JPY Bounces Back Above 131.00 Despite Lower Yields and Recession Fears”
USD/JPY is currently consolidating intraday losses around 131.20 as the US Dollar defends the previous day’s rebound from a two-month low heading into Thursday’s European session. However, the Yen pair remains on track to reverse last week’s gains amid downbeat Treasury bond yields. A possible monetary policy divergence between the Bank of Japan (BoJ) and […]