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Banking, Economy

“Fed rate cuts may wait as inflation ticked up in December”

January 17, 2024

“…U.S. central bankers want more confirmation that inflation is on a firm path toward their 2% goal before they reduce the policy rate, now in the 5.25%-5.5% range…” https://finance.yahoo.com/news/traders-pare-bets-fed-cut-134748735.html What happened? I thought the FED was going to cut interest… Continue Reading…

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Banking, Economy

“US Inflation Picks Up, Signaling Bumpy Path for Fed”

January 17, 2024

“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have… Continue Reading…

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Economy

“Inflation increases more than expected in December”

January 17, 2024

“…The December Consumer Price Index (CPI) showed pricesticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the3.1% increase seen the month prior… When removing… Continue Reading…

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Economy

“Brazil Inflation Ends 2023 Above Forecasts But Within Target”

January 17, 2024

“Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%. The central bank targets inflation at 3% this year and 3.25%… Continue Reading…

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Cryptocurrencies, Stocks

“Bitcoin Retreats From 2-Year High on First Day of ETF Trading”

January 16, 2024

“The token had advanced as much as 6.7% to $49,021, buoyed by the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission after markets closed on Wednesday. It was recently trading at around $46,300. Most smaller tokens,… Continue Reading…

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Economy, Stocks

“The rich now own a record share of stocks”

January 16, 2024

“About 93% of U.S. households’ stock market wealth is held by the top 10%… Details: While it’s true that a record high 58% of American households do own stocks via mutual funds or as individual shares, in the aggregate the amount of stock… Continue Reading…

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Stocks

“Ambrx Holders Who Bought for Pennies See 6,700% Gain on J&J Bid”

January 16, 2024

“Longtime believers in Ambrx Biopharma Inc. are being rewarded with juicy returns as Johnson & Johnson’s buyout offer values the biotech stock at more than 6,700% of its all-time low. Johnson & Johnson agreed to acquire Ambrx for $28 per… Continue Reading…

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Real Estate

“Mortgage demand jumps nearly 10% to start the year, even as interest rates tick up again”

January 16, 2024

“…The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81% from 6.76%, with points remaining unchanged at 0.61 (including the origination fee) for loans with a 20% down payment. That rate… Continue Reading…

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Stocks

“Nintendo Shares Hit Record, Helping Lift Japanese Stocks to Another Multidecade High”

January 12, 2024

“…Nintendo shares hit a record closing high of 7,823 yen Wednesday, or about $54.14. The videogame company’s shares have gained ground since late last year, reflecting solid earnings and expectations over the potential launch of a new console to succeed the current… Continue Reading…

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Stocks

“TG Therapeutics Reverses Its 225% Winning Streak On Lackluster Guidance”

January 12, 2024

“…After rising in premarket trading, TGTX stock toppled 15.4% to 17.77 after the stock market opened… TGTX stock has been on an upswing after hitting a recent low at 6.46 in October. From that low point, TGTX stock has bounded 225% as… Continue Reading…

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