European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The euro traded higher against the U.S. dollar Wednesday, following comments from the European Central Bank President Christine Lagarde that inflation is “still high.” The euro was up by roughly 0.2% against the U.S. currency … Read more
U.K. inflation data paints a picture of the British economy. Bloomberg / Contributor / Getty Images U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast among economists in a Refinitiv … Read more
Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital, two lenders that were friendly to digital currency companies. Some of these companies have turned to crypto-friendly … Read more
CNBC’s Jim Cramer on Tuesday said that investors are operating too much out of fear and instead need to take a long-term perspective of the market and “accentuate the positive.” Cramer acknowledged that investors’ worries are not unfounded and that on the surface, this market does look like “the sum of all our fears.” The … Read more
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed Tuesday evening as investors braced for the Federal Reserve’s next move in its inflation-fighting rate hiking plan. Futures tied to the Dow Jones Industrial Average lost 9 points, or 0.03%. S&P 500 futures added 0.01% and Nasdaq 100 … Read more
Paula Swedeen, a forest policy specialist for the Washington Environmental Council, poses for a photo next to a forest land boundary marker adjacent to Mount Rainier National Park on Monday, Nov. 23, 2015, near Ashford, Wash. The land is part of a new project of 520 acres on private timberland that allows the private nonprofit … Read more
Market Movers rounds up the best trade ideas from investors and analysts throughout the day. The major indexes closed in positive territory for a second straight day Tuesday. Several regional banks rebounded as well after Treasury Secretary Janet Yellen said the government could backstop more deposits if the banking crisis worsens. The pros discussed several … Read more
When evaluating stocks for the Club, we’re guided by our long-term mantra: Own companies that make stuff and do things at a profit. We hold the stocks of companies that showcase room for future cash-flow growth, are industry leaders with durable moats, and have strong balance sheets. In a research note Tuesday, Morgan Stanley identified … Read more
Pedestrians walk past an advertisement displaying a Bitcoin cryptocurrency token on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images Cryptocurrency prices were slightly higher Tuesday as investors braced for the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday. Bitcoin was trading back above the $28,000 level, after slipping below … Read more
Investors have been scooping up energy names amid a recent drop in oil prices, according to Bank of America. Oil prices touched a low dating back to December 2021 on Monday. The energy sector of the S & P 500 is down more than 3% for the month. The Energy Select Sector SPDR Fund (XLE) … Read more