Banking, Economy

“FED CUTS RATE BY A QUARTER POINT, CITES ‘GLOBAL DEVELOPMENTS,’ ‘MUTED INFLATION’”

“The Federal Reserve lowered its benchmark rate by a quarter point Wednesday as an insurance policy not against what’s wrong with the economy now, but what could go wrong in the future. It was the first rate cut by the… Continue Reading…

Business, Economy, Investing, Stocks

“Global Markets Drop Over Worries About U.S. and European Economies”

“Global markets largely took a tumble on Monday, with worries about a possible U.S. recession. Japan’s Nikkei 225 index was was down 3%. The Shanghai composite was off almost 2%, as was Hong Kong’s Hang Seng, with the Shenzhen composite… Continue Reading…

Economy

2021: “This Is When 75% of Economists Expect the Next Recession to Happen”

“More than three-quarters of business economists expect the U.S. to enter a recession by the end of 2021, though a majority still estimate the Federal Reserve will continue raising interest rates this year. Ten percent saw a recession beginning this… Continue Reading…

Economy

Turning Point? “…Semiconductors are now showing better signs about the global economy”

“The semiconductor sector is turning the corner and showing signs that the global economy could be stronger than previously thought, CNBC’s Jim Cramer said Tuesday. The industry’s attempt to bounce back from its 2018 woes is being propped by Nvidia‘s… Continue Reading…