The United States producer price index (PPI) fell 0.5% for the month, which was much more than the 0.1% decline estimated by economists surveyed by Dow Jones. The largest monthly decline since April 2020 was also aided by a sharp drop in energy prices. Another report showed that the retail sales data dropped 1.1% in
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In this article AA DFS FUL Follow your favorite stocksCREATE FREE ACCOUNT An aluminum coil stands in a warehouse awaiting transport, at an Alcoa World Alumina Australia smelting plant, partially owned by Alumina Ltd., in Point Henry, Australia. Carla Gottgens | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Discover
Ethereum (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September 2022. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark. If Ethereum price were to break above $1,600, it would return Ether to
Many trend forecasting experts predict that traditional design will be bigger than ever in 2023 and perhaps no retailer knows this better than Ballard Designs. Founded in 1983 by Helen Ballard, it began as a catalog with a two-page black-and-white brochure featuring a replica of a dolphin-accented table from the founder’s Atlanta home. This product
Ed Jones | Afp | Getty Images Between rents rising and most pandemic-era eviction bans having expired, the number of tenants coming home to find notices on their doors is picking up. In just the first week of January, the Eviction Lab at Princeton University has counted more than 9,300 evictions in the nine states
On Tuesday the U.S. Supreme Court revealed that it would not hear the case brought by the state of Missouri regarding an ongoing effort that would allow pandemic funds to be used to finance tax cuts. “Orders for declining to hear a case do not usually include reasoning,” said Joe Bishop-Henchman, EVP, National Taxpayers Union.
The dollar touched a seven-month low on Wednesday, reversing a trend that dominated much of 2022 as lower expectations of sharp Federal Reserve rate rises eased pressure on global markets. The fall in the US currency, one of the steepest since the aftermath of the global financial crisis, came as US retail figures showed a
The leading cryptocurrency had an exciting year in 2021 with several big news items that alsopropelled the sector forward. One of the big stories in 2021was large companies adding Bitcoin BTC/USD to their balance sheets, a move thatmay have been one of the key catalysts to send the price to all-time highs. What Happened: One
The furor over President Biden’s handling of sensitive documents could have an unexpected beneficiary: Florida Gov. Ron DeSantis (R). The reason is simple. While the controversy self-evidently makes Biden more vulnerable, it also ensures endless mentions of former President Trump’s own troubles with apparently classified documents at Mar-a-Lago. If there is a third option for
Shiba Inu SHIB/USD , an Ethereum ETH/USD -based meme coin, saw a spike in its price after short betsworth nearly $790,000 were liquidated. What Happened: Coinglass data indicated that $788,000 worth of shorts were liquidated over a 12-hour period leading up to the time of writing. Screenshot Of Liquidation Data From Coinglass Long SHIB positions
Chicago’s Sales Tax Securitization Corp. will take retail orders Wednesday on a long-planned issue that prioritizes local buyers on the city’s first bonds to carry a social bond designation and gives special consideration for environmental, social, and governance investors. The STSC offers $305.3 million of tax-exempt paper in three series — including $98 million of
The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as
The top two crypto assets have risen significantly in the past seven days, with bitcoin jumping 22.6% and ethereum increasing 18.6% against the U.S. dollar. According to market data, both crypto assets saw the largest increase on Saturday, Jan. 14, 2023. The sudden spike in value caused the highest ratio of short liquidations vs long
When I break things down, I usually like to look at things in terms of what is being said, what does it mean, and what does it mean to me. I heard that the market was always right in my early years of training but I never understood what the premise behind the phrase really
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In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley CEO James Gorman said he’s more confident on the markets than the rest of Wall Street, seeing
Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Goldman Sachs — Shares of the Wall Street investment bank shed more than 6% after it reported its worst earnings miss in a decade. Goldman Sachs missed analysts’ estimates on both the top and bottom lines, with loan loss provisions coming in
Risk assets have started the new year on a strong note. The S&P 500 (SPX) and the Nasdaq closed in the positive for the second successive week and also notched their best weekly performance since November. Bitcoin (BTC) led the recovery in the crypto markets with a sharp 21% rally last week. That sent the
A lavish New York townhouse once owned by the late Ivana Trump is on the market for $26.5 million. Purchased for $2.5 million soon after her divorce from Donald Trump, the six-story, 8,725-square-foot home reflects Ivana’s big personality, her whimsical style and her passion for interior design with gold leaf, crystal chandeliers, pink marble and