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?
The popular trading platform, Robinhood, continues to make waves in the financial sector as its cryptocurrency trading services have contributed to a significant increase in revenue during the last quarter of the year. With a user-friendly interface and a low barrier to entry, Robinhood has attracted a new wave of crypto traders, revolutionizing the way individuals invest in digital assets.
Ride-hailing giant Uber announced yesterday that its bookings have surpassed expectations due to a surge in demand for both rides and food delivery. Despite the challenges posed by the ongoing pandemic, Uber has managed to capitalize on consumers’ increasing reliance on their services.
Despite a resilient US labor market and a hawkish Federal Reserve, gold managed to maintain its ground and even thrive in the current economic climate. As the US economy continues to show signs of strength, investors are increasingly turning to gold as a safe haven amid uncertainty.
