US Stocks Spring Forward as Regional Bank Shares Rebound, Injecting Fresh Life in Market
US stocks opened marginally higher on Monday, as investors focused on a recovery in shares of regional lenders such as PacWest Bancorp and other hard-hit names. This slight increase comes after the previous week’s volatility in the market. The S&P 500 was up by 2 points, or less than 0.1%, at 4,137 shortly after the […]
US Oil Futures Rise for the Day, Yet Suffer Stunning 7% Weekly Loss
US oil futures saw an increase on Friday but still experienced a significant loss of over 7% for the week overall. Analysts are speculating whether the rise of oil prices on Friday is a result of short-covering, actual buying in hopes that prices have reached their low point, or if it might be due to […]
US Stocks Persistently Ascend After Fed Grants High-Demand 25 Basis Point Rate Hike
US stocks continue to exhibit gains, though the Dow Jones has fluctuated, with the Federal Reserve increasing its policy rate target by 25 basis points while taking a more dovish approach in its policy statement. The S&P 500 has gained nine points, or 0.2%, settling at 4,128. Meanwhile, the Nasdaq Composite has increased by 49 […]
“Urgent: US Debt Default Looms by June 1 – Congress Must Act, Warns Treasury’s Yellen!”
U.S. Treasury Secretary Janet Yellen has issued a warning that the United States could potentially breach its debt ceiling by June 1 if Congress does not act quickly to raise the nation’s borrowing limit. This comes as a result of Yellen’s review of recent federal tax receipts, and she has urged House Speaker Kevin McCarthy […]
US Stocks Plunge as Amazon’s Gloomy Cloud Forecast & Stubborn Inflation Rattle Investors
U.S. stock indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented expectations for higher rates in the U.S. The Dow Jones Industrial Average dropped 70 points, or 0.2%, to 33,758. The S&P 500 was down 0.1%, while the Nasdaq Composite lost 0.3%. Amazon.com Inc. […]
“U.S. Steel Forecasts a Robust Quarter Amid Upturn in Steel Market Conditions!”
U.S. Steel Corp shares increased by 2% in Q1 2016, as it topped market predictions, secure in the knowledge that the company sees an improving landscape, and is confident that the current quarter will appear even stronger. U.S. Steel earned $199 million in the first quarter, and adjusted for one-time items the company earned 77 […]
“US Crypto Curb Exodus: Policy Pushes Industry Offshore – Innovators Flock Abroad!”
Title: How Current US Crypto Policy is Pushing the Industry to Offshore Jurisdictions Introduction The United States has long been viewed as the home of revolutionary technology companies and a primary global hub for technological advancements. However, when it comes to cryptocurrency-based businesses and technologies, US crypto policy and regulatory environment have left the country’s […]
US Oil Prices Make a Comeback: Higher Session Close, Weekly Dip Continues
Oil futures experienced a gain during Friday’s session, albeit losing over 5% for the rest of the week. The flash service PMI reports from overseas were not as bad as expected, whilst the U.S flash PMI for both had exceeded expectations, thus providing oil support. Although oil prices had temporarily stabilised during short-term heightened growth, […]
US Wholesale Stocks Skyrocket 0.1% in February: Warehouse Surplus Reflects Booming Economy
The US Commerce Department revealed on Monday that wholesale inventories rose by 0.1% in February, while sales during the same period climbed by 0.4%. The inventory-to-sales ratio fell slightly to 1.37 months from 1.38, compared to 1.24 a year ago. This measure indicates the length of time it would take a company to sell all […]
“U.S. Stocks Bounce Back: S&P 500 Escapes Third-Day Slump with Impressive Gains”
U.S. stocks managed to secure modest gains on Thursday after a turbulent trading session. The S&P 500 narrowly escaped a third consecutive day of losses as Wall Street investors wait in anticipation of Friday’s jobs report. The S&P 500 index (SPX) increased by 14.61 points, or 0.1%, closing at 4,104.99, according to preliminary data from […]