Wealth
US Consumer Momentum: July Retail Sales Outperform Forecasts
In a remarkable display of strength, July retail sales in the United States surged past Wall Street projections, showcasing the unwavering resolve of the American...
JPMorgan Chase Seizes Opportunity as Bond Yields Surge
Prominent financial institutions, including JPMorgan Chase & Co. and Western Asset Management, are capitalizing on the recent surge in bond yields, considering it a strategic...
U.S. Banks on Alert Over Fitch Ratings Downgrade Talk
In a recent cautionary move, Fitch Ratings has raised concerns about the vulnerability of U.S. banks to potential downgrades, particularly highlighting the risk faced by...
Market closing: S&P 500 and Nasdaq Rally as Tech Bounces Back
U.S. stocks surged higher on Monday, propelled by a remarkable uptick in technology shares, as Wall Street aimed to recover from a challenging start to...
Inflation Spurs Federal Reserve Interest Rate Discussion
The Federal Reserve is poised to execute a reduction in interest rates during the second quarter of 2024, according to a research note unveiled by...
U.S. Wholesale Prices Buck Inflation Trend, Rise Modestly in July
In a welcome shift, U.S. wholesale prices experienced a notable uptick in July, signaling a potential reversal of the alarming inflation surge witnessed over the...
Investors Flock to U.S. Treasury Funds on Yield Appeal
U.S treasury funds and bonds have managed to defy lackluster economic projections and capture remarkable levels of investment attracting investors throughout 2023. According to insightful...
UBS Group Ends Swiss Government Agreement, Paves Smooth Path for Credit Suisse Integration
UBS Group AG has made a significant decision to terminate an agreement with the Swiss government regarding potential losses stemming from the rescue of Credit...
Goldman Sachs Secures Victory as Appeals Court Rejects Shareholder Class Action Allegations
Goldman Sachs achieved a significant triumph on Thursday as the U.S. appeals court ruled in its favor, effectively halting a class action lawsuit filed by...
Affordability Squeeze: Homebuyers Hit as Mortgage Rates Rise to 7%, Inventory Scarce
In a discouraging turn of events for prospective homebuyers, the pursuit of owning property has become notably tougher. Recent data from Freddie Mac reveals that...
