U.S. consumer confidence unexpectedly fell in January as U.S. households worried about the economic outlook for the next six months, while one-year inflation expectations rose, according to a survey released by the Conference Board on Tuesday (31st). The survey showed that the US consumer confidence index fell to 107.1 in January from 109 in December … Read more
Selling Tesla in the US (TSLA-US) cars are slashing prices, which is proving to be a double-edged sword for the electric car maker and the auto industry in general. Tesla slashed prices on its new vehicles by as much as 20 percent earlier this month, making the vehicles more affordable and potentially eligible for federal … Read more
The New York Stock Exchange in the United States faced a thrilling moment on Tuesday (24th). Due to technical problems, several stocks plummeted briefly after the opening, and then the New York Stock Exchange suspended trading of these stocks. After the U.S. stock market opened that day, Wells Fargo (WFC-US) ,Morgan Stanley (MS-US) and other … Read more
Christopher Waller, a member of the Federal Reserve Board of Governors and a permanent voter in the Federal Open Market Committee (FOMC), said that monetary policy is close enough to restrict the economy and supports further adjustments at the next monetary policy meeting. Slow rate hike to 1 yard (25 basis points). Waller said: “I … Read more
According to data released by the U.S. Department of Labor on Wednesday (18th), the producer price index (PPI) increased by 6.2% in December last year, the smallest increase since March 2021, lower than market expectations of 6.8% and the revised previous value of 7.3 %; after excluding volatile food and energy, the core PPI rose … Read more
U.S. import prices unexpectedly rose in December after falling for five straight months, buoyed by higher gas and food prices, suggesting the Federal Reserve’s battle against inflation will remain protracted even as consumer prices cool. The U.S. Department of Labor released data on Friday (13th) that the U.S. import price index rebounded to 0.4% in … Read more
After the U.S. Consumer Price Index (CPI) report was released in December last year, Wall Street Journal (WSJ) reporter Nick Timiraos, known as the Federal Reserve (Fed) megaphone, wrote on Thursday (12th) that this inflation data indicates that the Fed will The rate hike in February will be further narrowed to 1 yard (25 basis … Read more
The U.S. Department of Labor released the latest unemployment benefits data on Thursday (12th). Last week, the adjusted number of initial jobless claims reported 205,000, lower than market expectations of 215,000 and a decrease of 1,000 from the revised previous value of 206,000. The number of people continuing to receive unemployment benefits also fell sharply … Read more
Heavyweight fixed income manager Jefferey Gundlach, known as the new king of bonds, said that investors who want to understand the direction of interest rates should pay attention to the bond market rather than the Federal Reserve (Fed). “Based on my more than 40 years of experience in the financial industry, I strongly recommend that … Read more
Buffett’s Berkshire Hathaway bet on Snowflak, which was profitable for a time, has melted away with time. Berkshire (BRK.B-US) issued an initial public offering (IPO) of US$120 per share in September 2020 to Snowflake (SNOW-US) Investment of about 735 million Yuan. When the cloud software industry was booming in the early days, Snowflake performed particularly … Read more