Market Opinion
Oil Takes a Slide as Concerns Over Weak Chinese Data Spark Demand Worries Oil prices continued their downward spiral in Asian trade on Friday, as worries about sluggish economic growth cast a shadow over this year’s demand prospects. Adding insult to injury,...
Market Opinion
Hold on tight, folks! Last week witnessed a staggering surge in the number of Americans filing new claims for unemployment benefits, sending shockwaves through the labor market. As risks of a recession loom large, initial claims for state unemployment benefits leaped...
Market Opinion
Kevin McCarthy’s Speaker Seat Shaken as Hardliners Accuse Him of Political Betrayal U.S. House Speaker Kevin McCarthy finds himself caught in the crosshairs of revolt from hardline Republicans, who claim he has strayed from the agreement that secured his...
Market Opinion
In a classic case of “here today, gone tomorrow,” U.S. stocks bid farewell to last week’s impressive gains as technology shares decide to take a breather from their 2023 highs. The Dow Jones Industrial Average tried its best to leap over the...
Market Opinion
With the clock ticking and deadlines looming, the two chambers of Congress engaged in a frantic sprint, striving to beat the Monday finish line. Finally, on Wednesday, the House crossed that threshold, successfully passing the bill amidst Schumer’s sighs of both...
Market Opinion
Wall Street plunges amid concerns over rate hike after labor data, ahead of debt U.S. stocks took a dip as Congress prepared for a high-stakes vote on raising the debt ceiling, leaving investors on edge. With the House expected to approve the bill, the Senate would...
