Category: Finance

The eurozone economy has reached an inflection point and indices show the prospect of a gradual recovery

After two consecutive quarters of decline, the eurozone economy reached an inflection point and began to show signs of recovery….

China Unicom’s U.S. delisting takes effect Holders can exchange for Hong Kong-listed shares

China Unicom, a Chinese telecommunications service provider, will file a form with the U.S. Securities and Exchange Commission to deregister…

S&P three in a row but Nasdaq down in May Bitcoin’s biggest monthly drop in a decade

Core PCE, an inflation indicator valued by the Fed, recorded the fastest year-over-year growth in nearly three decades and the…

Biden releases his first budget in office: $6 trillion in spending for the next fiscal year

On Friday, May 28, the White House released the first official budget proposal of the Biden presidency, asking Congress to…

Michigan Consumer Confidence Falls This Month

Friday’s release of the University of Michigan’s final May consumer confidence index showed a significant drop in U.S. consumer sentiment…

Small-cap stocks lead U.S. stocks again U.S. oil at new two-and-a-half-year high

U.S. initial jobless claims fell more than expected last week, dropping four weeks in a row and hitting a new…

Gold falls below $1,900 as Fed dovish rhetoric wanes

[Market Review]. The dollar saw its first gain of the week. The dollar index rose 0.4% to near 90, the…

Goldman Sachs lists three “gray rhinos” plaguing the market

Almost every bank is now cautious (if not outright pessimistic) about U.S. stocks, confirming that the “May sell” narrative is…