The numbers: The S&P CoreLogic Case-Shiller 20-city index decelerated to a 20.5% year-over-year gain in May down from 21.2% in the previous month. In May, the 20-city index rose a Read more
Tag: Money/Currency Markets
The global economy may soon be teetering on the edge of a recession, IMF says
The global economy is facing the possibility of a severe downturn that would rank in the bottom 10% of outcomes since 1970, the International Monetary Fund warned Tuesday in an Read more
U.S. home prices slip in May from record high in prior month: Case-Shiller
The numbers: The S&P CoreLogic Case-Shiller 20-city index decelerated to a 20.5% year-over-year gain in May down from 21.2% in the previous month. In May, the 20-city index rose a Read more
SEC reportedly investigating Coinbase over crypto trading
The Securities and Exchange Commission is reportedly investigating Coinbase Global Inc. over whether it has allowed the trading of unregistered securities. Bloomberg News reported late Monday that regulatory scrutiny has Read more
Voyager Digital calls FTX, Alameda proposal a ‘low-ball bid dressed up as a white knight rescue’
Bankrupt crypto broker Voyager Digital has turned down a proposal, made by Sam Bankman-Fried’s crypto exchange FTX and Alameda Ventures, saying it is a “low-ball bid dressed up as a Read more
Wednesday’s Fed meeting will be analyzed for these 4 things
With inflation pressures showing no signs of abating, economists see the Federal Reserve on auto-pilot this week, delivering a 0.75 percentage point rate hike to push its benchmark rate up Read more
‘I missed the bus on Bitcoin, but now feel like my time has come. I have another 25 years of a boring 9-to-5 job.’ Is the crypto crash an opportunity to buy low?
I read a letter from a reader last year who was suffering from crypto FOMO, and I have been following the crypto markets ever since. I felt like I missed Read more
Here are 5 things we’ve learned so far from earnings season
Only about one-fifth of the S&P 500 have so far reported second-quarter results, but at least five major talking points have emerged — some quite surprising — since earnings season Read more
Here are 5 things we’ve learned so far from earnings season
Only about one-fifth of the S&P 500 have so far reported second-quarter results, but at least five major talking points have emerged — some quite surprising — since earnings season Read more
U.S. July flash PMI data show ‘worrying deterioration’ in economy
The numbers: The U.S. services PMI fell to a 26-month low of 47 in July from 51.6 in the prior month, based on a “flash” survey from S&P Global Market Read more