The Organisation for Economic Co-operation and Development (OECD) delivered a cautious global economic outlook on Wednesday, downgrading growth forecasts while raising inflation projections as the ongoing Middle East conflict continues to disrupt energy supplies and unsettle markets.In its latest Economic Outlook, the Paris-based institution highlighted how geopolitical tensions, particularly around…
US private-sector hiring strengthened in May, offering fresh evidence that the labor market remains resilient despite rising inflation and uncertainty stemming from geopolitical tensions in the Middle East.According to data released Wednesday by payroll processor ADP, private employers added 122,000 jobs last month, exceeding economists’ expectations of 110,000 and marking…
British new car registrations increased by about 6% in May compared with the same month a year earlier, supported by robust demand for plug-in vehicles, according to data released by New Automotive on Wednesday.Battery electric vehicles (BEVs) continued to gain market share, accounting for 27% of all new vehicle registrations…
The S&P 500 Index and its ETFs, like the SPY and VOO wavered today as market participants reacted to several important macro events from the United States and other countries. They have officially entered a bull market after rising by over 20% from the lowest point this year. Here are…
The iShares 20+ Year Treasury Bond ETF (TLT) and the iShares 0-3 Month Treasury Bond ETF (SGOV) have diverged this year in terms of their inflows and outflows. This situation has escalated this year as the US-Iran war has continued, pushing inflation to the highest levels in years.TLT ETF has…
Bitcoin price continued its strong crash today, June 4, reaching its lowest level since March this year, continuing a downward trend that started mid May. BTC plunged to $61,325, erasing billions of dollars in value. This crash is happening as Wall Street investors continue dumping the coins.Why Wall Street investors…
Brent crude oil price retreated to $96.7 today, June 4, as investors reacted to the new ceasefire between Israel and Lebanon. It remains about 16% below its highest point in May this year. Still, oil faces some major risks ahead despite the agreement. Brent crude oil price slips after Israel-Lebanon ceasefireIsrael…
Pi Network price just crashed to a record low, continuing a downward trend that has been going on since its mainnet launch early last year. It plunged to a low of $0.1190, bringing its market capitalization to over $1.4 billion, a $18.6 billion lower than its all-time high of $20…
Scottish Mortgage (LON: SMT) share price remained steady and broke above a key resistance level this week as investors looked ahead to the potential IPOs of SpaceX and Anthropic, two high-profile private companies in which the trust holds significant stakes. The stock climbed to a high of 1,533p, marking a…
The Japanese yen continued its downward spiral today as the US dollar rally gained steam, overriding predictions that the BoJ will hike interest rates twice this year. The USD/JPY exchange rate jumped to 159.88, its highest point since April 30th. It has now nearly completed its recovery since the BoJ…