2 min read
Business

Economic Uncertainty High as Federal Reserve Mulls Interest Rate Cut

With the possibility of a Federal Reserve interest rate cut looming, many are wondering how this could impact the US economy. Will this monetary policy change be necessary in the current economic climate?

2 min read
Business

Bank of Japan’s Historic Decision Sets Stage for New Financial Landscape

Japan recently announced a historic change in its interest rates, causing a ripple effect throughout the country. The Bank of Japan’s decision to raise interest rates has left many citizens wondering how this will impact their daily lives and the overall economy.

2 min read
Business

Mnuchin’s interest in TikTok and distressed NY bank signals return to familiar investment tactics

Treasury Secretary Steven Mnuchin has expressed interest in the potential acquisition of TikTok, the popular social media app owned by Chinese company ByteDance. Mnuchin sees the app as a valuable asset in the ongoing trade tensions between the US and China.

1 min read
Business

What to expect for mortgage interest rates after the Fed convenes in March: Expert opinions

Predictions
According to some experts, the Fed’s decision to keep interest rates near zero could result in lower mortgage rates. They argue that the Fed’s stance on monetary policy will likely have a positive effect on the housing market.

2 min read
Business

Industry Insiders Discuss Possibility of CD Interest Rate Increase in March

Several economists and financial experts are offering varying opinions on whether or not CD interest rates will rise in March. With the current economic climate and inflation levels, many investors are closely monitoring the situation to make informed decisions on where to allocate their savings.

2 min read
Business

Gold surpasses $2,100 mark, fueled by investor confidence in rate cuts

Gold Hits Record High
Gold prices surged to over $2,100 per ounce on Tuesday, marking the highest level ever recorded for the precious metal. Traders are betting on further interest rate cuts to combat economic uncertainties caused by the ongoing pandemic.

2 min read
Business

Bitcoin Sets New Open Interest Record, Brace for Potential Price Volatility

Bitcoin has just broken a new record in open interest, sparking anticipation of imminent volatility in the cryptocurrency market. With the digital currency hitting an all-time high in open interest, investors are eagerly awaiting what could be a period of increased price fluctuations.

2 min read
Business

Warren Buffett stresses importance of compound interest in achieving financial goals

In a recent interview, renowned investor Warren Buffett discussed the key to his success in the financial world. According to Buffett, the power of compound interest plays a crucial role in building and preserving wealth over time.

2 min read
Business

Mortgage Demand Plummets as Interest Rates Surge Above 7%

According to recent data from the Mortgage Bankers Association, mortgage demand has plummeted as interest rates have risen above 7%. This sharp increase in rates has caused borrowers to reconsider taking out loans for new homes or refinancing existing ones.