Global stocks drop as hopes fade for early interest rate cuts – Financial Times
Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Global stock and bond markets fell on Wednesday as investors dialed back hopes for swift interest rate cuts in the euro zone, Britain and the United States. The global selloff came after European Central Bank President Christine […]
China’s hundred-year marathon slows to a crawl amid economic woes and record-low birth rate
China's ambitions to complete the hundred-year marathon, overtake the United States and become a global hegemon by 2049 are becoming increasingly fanciful. The economic and social problems faced by the Asian country in the immediate aftermath of the pandemic have not yet been resolved. In fact, the situation continues to worsen. Collapse of the one-child […]
Full effect of Fed rate hikes have not been seen, Bank of America CEO warns
Bank of America CEO and Chairman Brian Moynihan talks about Fed interest rate hikes, consumer resilience in 2024, and regulation of major banks. Bank of America's CEO warns that Americans are yet to feel the full effects of the Federal Reserve's 11 interest rate hikes. Bank of America CEO and Chairman Brian Moynihan reviewed the […]
Amid elites’ talk of ‘Disease X,’ Chinese lab debuts mutant coronavirus with 100% kill rate in humanized mice
Chinese scientists in Beijing have created a coronavirus variant called GX_P2V that causes 100% mortality in humanized mice, mainly due to late-stage brain infections. The scientists noted that the mutated virus “highlights the risk of GX_P2V spreading to humans.” Although this research is considered meaningless and dangerous by Western experts, chatting The world's elites have […]
Home buyers struggle in 2023, but homeownership rate could rise in 2024
Despite low inventory and high home prices, homeownership reached 66% in 2023. (iStock) The housing market struggled last year. Inventories in the market had already fallen sharply in the previous year, the lowest since the Fed began collecting data in 2016. According to economic data from the Federal Reserve. forever, Housing costs have skyrocketed The […]
Dollar advances as traders weigh rate cut expectations, eyes on data By Reuters – Investing.com
©Reuters. This illustration taken on July 17, 2022 shows a US dollar bill. REUTERS/Dado Ruvic/Illustration/File Photo Written by Uncle Banerjee SINGAPORE (Reuters) – The dollar rose on Tuesday as investors refrained from betting on short-term interest rate cuts by the U.S. Federal Reserve following hawkish comments from European Central Bank officials, but the Fears of […]