The Metaverse is here, and even Facebook is getting on board September 1, 2021 A world of limitless imagination is with us now in the Metaverse, says Dr Chris Kacher.
Sliding tech stocks weigh on Wall Street August 31, 2021 US stocks slipped today as poor performances among technology heavyweights weighed heavily on Wall Street’s main benchmarks. The tech-heavy Nasdaq slipped 0.10 per cent to 15,250.36 points, led down by losses among Apple, Microsoft and Amazon. The blue-chip S&P 500 and the Dow Jones both inched up, rising 0.02 per cent and 0.08 per cent [...]
City A.M. TV: A market snapshot August 31, 2021 Markets responded well to Fed Chair Powell’s key speech last Friday. The main US equity index rallied both on the speech and then continued its strength during yesterday’s US session (whilst the UK was closed for bank holiday). As well as new record highs for the S&P500 and NDX100, Powell’s dovishness also brought about a [...]
US stocks hit fresh record highs again as Fed signals gradual tightening August 31, 2021 Wall Street moved to yet more record highs yesterday driven by investors reacting positively to the Fed’s dovish stance on winding down stimulus measures. The S&P 500 briefly touched a record high yesterday, as did the tech-heavy Nasdaq, but both pulled back slightly to rise 0.43 per cent and 0.90 per cent respectively. Fed Chair [...]
Wall Street scales to yet more record highs after Powell signals Fed will taper stimulus this year August 27, 2021 US markets were propelled to yet more record highs today after the chair of the US Federal Reserve indicated the central bank may start to wind down stimulus measures this year. The S&P 500 touched a record high today, before paring back slightly to rise 0.90 per cent to 4,510.49 points during early afternoon trading. [...]
Powell confirms Fed may start winding down stimulus measures this year August 27, 2021 The chair of the US Federal Reserve has confirmed the central bank could start winding down the wave of stimulus measures it unleashed to dampen the economic impact of the Covid crisis this year. Jerome Powell said the US economy has reached a point where it no longer needs the same scale of monetary policy [...]
Momentum is a powerful force August 27, 2021 The latest Bitcoin information and cryptocurrency movements brought to you by Crypto AM Daily...
US second quarter economic growth revision undershoots expectations August 26, 2021 The US economy grew at a slower pace than expected in the second quarter of this year as Americans reined in spending despite Covid restrictions easing in many states over the period, according to official figures published today. The Bureau of Economic Analysis revised the US economy second quarter annualised growth rate up to 6.6 [...]
Rally flags, but fundamentals still look strong August 26, 2021 The crypto market is down again this morning after an impressive rally that’s seen Bitcoin gain around 70 per cent in a month.
West watches on as Bank of Korea raises interest rates August 26, 2021 The Bank of Korea is raising interest rates in a shift away from pandemic era monetary policy as the country faces spiralling public debt. The interest rate climbed 25 basis points from a rate of 0.5 per cent to 0.75 per cent following a 10 per cent increase in household debt and a 14.3 per [...]