U.S. stocks are edging higher Thursday, gradually ascending back toward record heights, while Wall Street readies for the impact of an upcoming jobs report that could potentially shake the market on Friday. In afternoon trading, the S&P 500 showed a 0.2% increase, positioned just below its all-time high. However, the Dow Jones Industrial Average experienced […]
The United States has secured 2.8 million barrels of crude oil for its national emergency oil reserve, aiming to replenish dwindling supplies. The Energy Department has been gradually refilling the Strategic Petroleum Reserve, which had reached a 40-year low. In response to soaring retail gasoline prices in 2022, the Biden administration authorized the release of […]
Sugar prices are slightly up due to US sugar producers advocating for a decrease in sugar imports from Mexico. The American Sugar Coalition is urging the government to reduce Mexico’s sugar exports to the US by 44%, potentially raising prices and prompting the US to seek sugar from other countries amid already constrained global supplies.Meanwhile, […]
Reddit (RDDT) is set to make its Wall Street debut after being established in 2005 by University of Virginia roommates Alexis Ohanian and Steve Huffman. Ranked among the top 20 most visited websites globally, Reddit will enter the New York Stock Exchange on Thursday with shares priced at $34 each, equating to a market capitalization […]
European shares experienced a decline on Friday amidst subdued risk sentiment fueled by mounting concerns that the Federal Reserve might postpone interest rate cuts. However, the strength in telecommunications stocks partially offset the losses. The pan-European STOXX 600 index ended the day 0.2% lower after reaching record highs in three of the past five sessions. […]
In 2023, global corporate dividends surged to an unprecedented $1.66 trillion, with record bank payouts contributing half of the growth, as revealed by a report on Wednesday. According to the quarterly Janus Henderson Global Dividend Index (JHGDI) report, 86% of listed companies worldwide either raised or maintained dividends, with projections indicating that dividend payouts could […]
Gold maintained stability on Monday, pausing its upward momentum after a strong rally last week, as traders awaited U.S. inflation data to gain insight into the Federal Reserve’s potential interest rate adjustments. At 9:32 a.m. ET (1332 GMT), spot gold remained stable at $2,179.69 per ounce, following a record high of $2,194.99 reached on Friday, […]
After only one quarter into fiscal 2024, the federal government has accumulated a budget deficit exceeding half a trillion dollars. In December, the budget shortfall reached $129.37 billion, as reported by the latest Monthly Treasury Statement, pushing the 2024 deficit to $509.94 billion—an increase of 21 percent compared to the first quarter deficit in fiscal […]
LinkedIn data reveals an 84% decline in crypto jobs in the U.S. and a staggering 92% drop in Germany. This year witnessed a significant downturn in crypto-related employment, driven by market volatility and regulatory uncertainties. Businesses slashed blockchain units, and some closed altogether. In the realm of web3 roles, Bitcoin-related employment experienced a decline exceeding […]
