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Gasoline Prices Reach $5 Across the US

Gasoline Prices Reach $5 Across the US

83
Commodities news
14.06.2022

In what is a record high, the average price of a gallon of regular unleaded gas hit $5 across the US last week. The high fuel price is expected to last through the summer driving season, which is when driving levels are at their peak.  The su...

Europe Facing Serious Headwinds

Europe Facing Serious Headwinds

76
FOREX news
13.06.2022

Analysts believe the Eurozone is headed for a rough few months, with recession a distinct possibility. Regardless, many agree this should not stop the European Central Bank (ECB) from raising interest rates. The normal playbook in tough times woul...

Crypto Players Welcome New Bill to Regulate the Industry

Crypto Players Welcome New Bill to Regulate the Industry

93
Cryptocurrency news
10.06.2022

The crypto industry in the US welcomed new bipartisan legislation introduced to regulate it. The bill was tabled by Senators Cynthia Lummis and Kirsten Gillibrand and represents the first concrete step toward finally regulating the sector. Analyst...

US Treasury Bans Americans from Buying Russian Stocks and Bonds

US Treasury Bans Americans from Buying Russian Stocks and Bonds

84
Stocks news
09.06.2022

The Biden administration has announced new trading restrictions that prohibit Americans from investing in Russian stocks and bonds. The ban is immediate and is another measure put in place by US authorities to ratchet up the financial pressure on...

Iranians Buy the Most Residential Real Estate in Turkey

Iranians Buy the Most Residential Real Estate in Turkey

1666
Economy news
08.06.2022

The Turkish Statistical Institute recently shared a report showing that Iranians make up the largest group of foreign buyers of residential property in Turkey. In March of this year alone, Iranians purchased 784 homes, beating the number of proper...

Bitcoin Tumbles Back Below $30,000

Bitcoin Tumbles Back Below $30,000

99
Cryptocurrency news
07.06.2022

Bitcoin tumbled back under $30,000 to its lowest price in a week, as another short surge of upward momentum lost steam amid market caution. Although the world’s largest cryptocurrency showed promising signs last week, rising to over $31,400...

US Labor Market Reflects Major Changes

US Labor Market Reflects Major Changes

53
Economy news
06.06.2022

The US labor market is changing in significant ways, as shown by the latest data from the US Bureau of Labor Statistics. There are jobs aplenty, with 11.4 million job openings in April, even if this is a slight decrease from the month before. Acco...

Ford Announces Multi-Billion Investment to Build Electric Vehicles

Ford Announces Multi-Billion Investment to Build Electric Vehicles

98
Stocks news
03.06.2022

Ford has announced a massive $3.7 billion investment to ramp up production of electric trucks and vans, as well as a new Mustang. The investment will create 2,000 new jobs in its truck section, helping the company reach its target of 150,000 units...

Musk Tells Tesla Workers to Return to Office or Resign

Musk Tells Tesla Workers to Return to Office or Resign

113
Stocks news
02.06.2022

Companies are trying their best to balance the work from home conundrum as cases of COVID-19 diminish. Work-life balance is so important in today’s workplace, it can affect company performance.  In a recent company memo, verified by maj...

S&P 500 and Nasdaq Slide, Stoking Recession Fears

S&P 500 and Nasdaq Slide, Stoking Recession Fears

85
Stocks news
01.06.2022

The S&P 500 and the Nasdaq both entered the red in the last week as concerns that aggressive moves to control decades-high inflation might send the US economy into a recession. All three major US stock indexes have lost significant ground this...

British Pound Faces Strong Headwinds

British Pound Faces Strong Headwinds

95
FOREX news
30.05.2022

Several influential analysts are predicting a major crisis in the value of the UK’s Pound Sterling. It is expected that the British currency will come off badly as it faces such competing forces as its widening current account deficit, a sourin...

Bitcoin Rallies Above $30,000

Bitcoin Rallies Above $30,000

93
Cryptocurrency news
30.05.2022

Bitcoin was showing signs of recovery after being marooned below the key $30,000 level for the past week. Other major cryptocurrencies followed suit. The market’s largest cryptocurrency climbed as much as 4.4% to $30,441.43 at one point. Bit...

Formula One Embraces Crypto

Formula One Embraces Crypto

92
Cryptocurrency news
27.05.2022

Despite the price of Bitcoin and Ethereum taking a major drop in recent times, the Formula One (F1) racing industry cannot get enough of crypto. Eight out of the 10 teams featuring in this year’s prestigious motorsport series have a crypto-r...

New Zealand Hikes Interest Rate, Signals More to Come

New Zealand Hikes Interest Rate, Signals More to Come

55
Economy news
26.05.2022

New Zealand's central bank announced a fifth straight interest rate hike this week and hinted at a much more aggressive monetary policy tightening as central bankers try to tame runaway inflation. The Reserve Bank of New Zealand (RBNZ) lifted...

Abercrombie & Fitch Shares Tumble after Loss

Abercrombie & Fitch Shares Tumble after Loss

95
Stocks news
25.05.2022

US fashion retailer Abercrombie & Fitch delivered a net loss of $14.8 million for its first fiscal quarter, causing a whopping share price drop of 29%. The company said that logistics and product costs were weighing down sales. The apparel ret...