Shocking Surge: U.S Corporate Defaults Hit 55, Toppling 2022’s Entire Year-End Record!
The year-to-date (YTD) corporate default tally in the United States has experienced a significant surge, according to a recent report by Moody’s Investors Service. There has been a notable increase in corporate defaults as this YTD count stands at 55, outpacing the total number of defaults recorded for the entire year of 2022, which was […]
US Business Inventories See Impressive 0.2% Uptoick in May, Demonstrating Dynamic Growth!
Inventory Levels Rise in Businesses: An Overview In the month of May, business inventories rose by 0.2% according to government official data. Business inventories refer to the unsold products that a company has in stock. It represents the physical goods or products that are awaiting sales. The increase in inventories indicates a rise in unsold […]
RallyRd’s RSE Markets Hit with Hefty Fines by U.S. Regulators for Unsolicited Exchange Operations
RSE Markets Inc. Settles Charges with U.S. Securities Regulators The U.S. Securities and Exchange Commission (SEC), on Wednesday, declared that it has settled charges against RSE Markets Inc., a company that operates the well-known collectibles website, RallyRd. The charges were related to operating as an unregistered exchange. The settled charges that RSE operated a platform […]
China’s Bold Plan for Cuban Spy Base to Zone in on US, Reports Wall Street Journal!
According to unnamed US officials cited by the Wall Street Journal, China is planning to establish an electronic eavesdropping facility in Cuba, which would allow Beijing to gather intelligence on the US. The agreement supposedly came after China agreed to pay Cuba several billion dollars to build the spy base. Implications of the Spy Base […]
US Wholesale Inventories Dip Slightly in April, Down by 0.1%
Introduction The United States’ economy has been experiencing ups and downs lately, and it seems that the wholesale sector is no exception. In April, the wholesale inventory experienced a slight dip of 0.1%, accompanied by a 0.2% increase in sales. The government’s report divulged that the inventory-to-sales ratio slightly decreased from 1.41 to 1.40 months, […]
US to Boost Strategic Petroleum Reserve: Major Oil Purchase Expected in June, Granholm Reveals
The United States Energy Department, led by Secretary Jennifer Granholm, has announced a plan to replenish the country’s Strategic Petroleum Reserve (SPR) starting as soon as next month. As part of the plan, the department is set to purchase crude oil to help rebuild the nation’s stocks. The SPR is a federally-owned reserve of crude […]
Wholesale Inflation & Jobless Claims Data: US Stocks Open Lower – Latest Insights!
The U.S. stock market opened mostly lower Thursday, as investors digested a fresh reading on wholesale inflation and weekly jobless claims data. The Dow Jones Industrial Average DJIA was down 0.5% soon after the opening bell, while the S&P 500 SPX fell 0.2% and the Nasdaq Composite COMP gained 0.1%, according to FactSet data, at […]
Breaking: U.S. Oil Futures Drop Following Unexpected Weekly Surge in Crude Supplies!
U.S. oil futures settled with a loss on Wednesday after the Energy Information Administration reported the first weekly gain in U.S. crude supplies in four weeks. June West Texas Intermediate crude CLM23 fell $1.15, or 1.6%, to settle at $72.56 a barrel on the New York Mercantile Exchange.
April Inflation Report Fuels Surge: US Stocks Open Higher, Investors Eye Market Movement
U.S. stocks opened higher on Wednesday following the release of an April inflation report. The S&P 500 SPX gained 32 points, or 0.8%, to 4,151. The Dow Jones Industrial Average DJIA rose by 194 points, or 0.6%, to 33,754. The Nasdaq Composite COMP increased by 134 points, or 1.1%, to 12,313. An April report on […]
US Oil Futures Make a Comeback, Soaring High Despite Last Week’s 7% Plunge
US oil futures experienced a boost on Monday, growing by almost 3% in value. Part of the reason for this growth is the bullish US jobs data, which came in better than expected on Friday. Another reason is that the speculated imminence of a recession is driving crude prices. West Texas Intermediate crude increased by […]