Investors Stiff Their Upper Lip Eyeing Fed’s Firm Stance on Bond Purchase Tapering
Stock-market investors took the Federal Reserve’s decision Wednesday to begin tapering its monthly bond purchases without a hysteria, erasing early losses to see the Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite score a fourth consecutive round of record closes.
Edward Snowden Likes Bitcoin and Doge, but Wary of Shiba Inu
According to Benzinga, in a recent tweet, the famous whistleblower in exile Edward Snowden warned about unleashing investing hype around Shiba Inu (SHIB) and said that people should not invest their hard-earned money in a "clone of dog money".
British Finance Minister Rishi Sunak is Upbeat on U.K.’s Economy and His Spending Plans
Multi-billion pound spending on health care services and transport were among the plans British Finance Minister Rishi Sunak announced in his latest budget statement on Wednesday.
Never Ending Debate About Whether Inflation is Transitory or Permanent Spiced Up by Stagflation Talks
According to Barron’s citing of Oxford Economics report, the U.S. is experiencing a rare phenomenon showing still strong, but cooling, demand that is being challenged by constrained, but accelerating, supply leading to some kind (transitory or sticking) inflation.
China Evergrande Shares Nosedived Again – Now on Failed Partial Buyout Deal
Beleaguered property insurance behemoth China Evergrande disclosed it was negotiating to sell part of its business to Hopson Development Holdings, its smaller rival.
Tesla Poised to Update Car Delivery Targets Based on Lingering Component Shortage
Tesla (TSLA) shares are trading higher in anticipation of the company's Q3 earnings report this week.
$173 Trillion Green Energy Revolution Sparks "Lithium Gold Rush"
World leaders want every vehicle on the planet to become battery powered. And each of those cars will need at least 17 pounds of lithium.
It’s Harder for Tesla to Build Wide Presence In China. A Hundred-Thousand Cars Landmark Reached in Only 12 Years, While China’s Xpeng and Nio Took About Half That Time
U.S.-listed start-up Xpeng reported having reached production of 100,000 cars — in just 6 years since the company went public.
U.S. Senate’s McConnell Offers Temporary Solution as Dems Face Series of Debt Filibusters
Yesterday Minority Leader McConnell was briefed by media saying he will offer Democrats several ways to avoid a default on U.S. debt in the coming days.
Share Trading in Embattled China Evergrande Finally Halted in Asia
Today is the day when all lingering doubts and bad anticipations are finally resolved.
NIO Names Keysight Technologies for 5G Connectivity Integration Solution for EV
Chinese battery electric vehicle manufacturer NIO (NIO) chose Keysight Technologies (KEYS) solutions to verify 5G and cellular vehicle to everything (C-V2X) connectivity.
Merkel's party lost the elections in Germany
In Germany, parliamentary elections were held, and votes have been counted.
Federal Reserve Avoided Shock to Equities by Refraining from Naming Day-X for Tapering of Asset Purchases
As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot.
Inflation is Ubiquitous and Protracted But Different for Poor and Wealthy
Classic inflation measures like the Consumer Price Index, published by the Bureau of Labor Statistics, are built based on so-called "consumption baskets," in which periodicities are underpinned by relevant annual surveys asking people about their shopping preferences and difficulties. This past summer, bankers and business leaders seemed to be increasingly worried about big and bold unstoppable price inflation nearly halving everyone’s pockets’ contents.