The bull market in big bank stocks is about to be put to the test as the earnings season kicks off this week. Major banks, including JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America, are set to report their second-quarter results, and investors will be closely watching to see if the recent optimism surrounding…
The latest evidence that inflation is on a cooling trajectory is bolstering the likelihood of a Federal Reserve interest rate cut this fall. The June Consumer Price Index (CPI) report, released Thursday, revealed a continued moderation in price growth, further reinforcing the case for a policy shift. Financial markets are now pricing in a significant…
In a move that underscores the increasingly conspicuous nexus between politics and the burgeoning realm of cryptocurrency, former President Donald Trump has unequivocally reaffirmed his commitment to address the much-anticipated Bitcoin 2024 conference in Nashville, Tennessee. This resolute declaration comes in the wake of a chilling assassination attempt that transpired in Butler, Pennsylvania over the…
Nvidia, a darling of the tech sector, has witnessed a meteoric rise in its stock price in recent times. This surge has been largely attributed to the company’s prominent position in the burgeoning artificial intelligence (AI) landscape. Investors, enthralled by Nvidia’s potential to capitalize on the AI revolution, have propelled its valuation to stratospheric levels….
Imagine a life where you are legally bound to your spouse, yet unable to fully share their life in the country you both call home. This is the reality for hundreds of thousands of undocumented individuals in the United States, many of whom are married to American citizens. Now, the Biden administration is considering a…
The world is watching as Saudi Arabia, the world’s largest oil exporter, ends its decades-long agreement to sell its oil exclusively in US dollars. This momentous decision marks a potential seismic shift in global currency dynamics, with implications that could ripple through international trade, financial markets, and geopolitical alliances. The Petrodollar System: A Look Back The “petrodollar…
The rising cost of groceries, gas, and everything in between has been a constant buzzword for the past year. Inflation, that dreaded economic beast, has been tightening its grip on our wallets, making it feel like we’re constantly chasing a moving target. But there’s a glimmer of hope on the horizon: Recent data suggests inflation…
