Category: Finance
Value stocks support U.S. stock rally Crude oil two-and-a-half-year high
After suffering a week-long selloff, U.S. stocks rebounded led by value stocks, with the energy and financial sectors, which had…
Bitcoin falls 12 percent, erasing last year’s gains
On Tuesday evening, June 22, Beijing time, bitcoin fell below the 31,000 to 29,000 dollar mark, erasing all of its…
U.S. home sales fall for four months in a row in May, falling to a one-year low
According to data released today by the National Association of Realtors (NAR), quarterly annualized home sales in May were 5.8…
Powell released a “dovish” signal to suppress the dollar
[Market Review Powell released a “dovish” signal to suppress the dollar. Early this morning, Federal Reserve Chairman Jerome Powell spoke…
Powell reassures market, tech stocks lead U.S. stocks in two straight positive streaks
Federal Reserve Chairman Jerome Powell temporarily appeased markets worried about the Fed being forced to withdraw easing early due to…
S&P ends two-year positive streak, new highs for Nasdaq
U.S. economic data was mixed: Markit manufacturing PMI hit a record high in June, but new home sales unexpectedly hit…
Yellen: U.S. could reach debt default point in August, pleads with Congress to raise or suspend debt ceiling
U.S. Treasury Secretary Yellen “implored” Congress to raise or suspend the U.S. debt ceiling before the current debt ceiling suspension…
Fed’s Bostick and Kaplan both expect rate hikes in 2022
On Wednesday, local time, 2021 FOMC voting member and Atlanta Fed President Bostic said he expects the Fed to start…
The Federal Reserve “hawk” sound again Gold rises and falls
[Market Review]. The US Dollar Index fell before rising. The US Dollar Index showed a clear V-shaped move and recovered…
U.S. May durable goods orders fell short of expectations, non-defense category slowed sharply from the previous year
On June 24, the U.S. Department of Commerce released May orders data for durable goods (i.e., items that can be…
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