Economy

Fed Cuts Rates, Stocks and Crypto Slide on Powell’s Hawkish Tone

On Wednesday, the Federal Reserve’s decision to cut interest rates by 25 basis points sent shockwaves through financial markets, with…

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Stocks and Bitcoin Dip as Hawkish Fed Remarks Rattle Markets

Stocks and cryptocurrencies, led by Bitcoin (BTCUSD), slid on Thursday following hawkish comments from Federal Reserve Chair Jerome Powell. Investors,…

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Fed Cuts Interest Rates for Second Time in 2024

In a widely anticipated move, the Federal Reserve announced its second interest rate cut in 2024 on Thursday, opting to…

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‘Trump Trade’ Stocks and Crypto Soar on Historic Election Win

U.S. financial markets rallied dramatically on Wednesday after Donald Trump’s victory in the 2024 Presidential election, as investors flooded into…

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October Jobs Report Misses Big, Shaking Pre-Election Economic Narrative

In a critical jobs report just days before the presidential election, the US economy added a meager 12,000 jobs in…

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Consumer Confidence Surges, Job Openings Dip as Election Looms

In a striking development ahead of the 2024 US Presidential election, consumer confidence has surged while job openings dropped to…

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Bank of Canada Delivers Jumbo-Sized Rate Cut to Boost Economy

The Bank of Canada announced a significant shift in its monetary policy, cutting its key interest rate by 50 basis…

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US Jobs Report Surprises with Strong Job Growth and Unemployment Dip

The September jobs report saw the US economy defy expectations, adding 254,000 jobs, a figure well above the anticipated 150,000.…

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US Port Strike Ends as Workers and Operators Reach Tentative Deal

After three days of disruption, U.S. dock workers and port operators have reached a tentative agreement, immediately halting a strike…

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US Port Strike Threatens Supply of Popular Weight-Loss Drugs Ozempic, Wegovy, Mounjaro, and Zepbound

The ongoing US port strike on the East and Gulf coasts is causing significant disruptions to pharmaceutical supply chains, particularly…

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