Economy News

The U.S. debt level surpassed $35 trillion on July 29, amplifying worries about the economy and a possible recession.

Mike Novogratz, the CEO of Galaxy Digital, has raised alarms about the current state of US government spending, suggesting that it is on a dangerous path that could lead to bankruptcy.

JPMorgan Chase analysts are raising concerns as the U.S. national debt nears $35 trillion.

Federal Reserve officials are approaching a decision to lower borrowing costs within the next few months. Chair Jerome Powell might hint at this move soon, as concerns grow about impacting a strong yet slowing job market.

The U.S. economy, despite what many think, is experiencing relatively strong growth, which may come as a surprise to many.

Steve Forbes, a prominent American executive and publisher, has criticized Kamala Harris’s policies, claiming they would adversely affect the middle class.

The Bureau of Economic Analysis’s advance estimate revealed that the US gross domestic product (GDP) grew at an annualized rate of 2.8% in the second quarter, surpassing the 2% growth predicted by Bloomberg-surveyed economists.

Bill Dudley, the former president of the Federal Reserve Bank of New York, reversed his position, advocating an immediate cut in interest rates instead of keeping them higher for an extended period.

Renowned economist Peter Schiff has warned that conditions in the cryptocurrency sector are predisposing for a potential crash.

Investor enthusiasm for artificial intelligence (AI) weakened on Wednesday, sparking a $1 trillion drop in the Nasdaq 100 Index.

Europe is bracing for potential upheaval as former President Donald Trump prepares to endorse cryptocurrency at an upcoming conference in Nashville.

Artificial intelligence (AI) is transforming global economies, but its rapid growth raises concerns about potential economic instability.

Kimberly Cheatle has stepped down as Director of the U.S. Secret Service following intense scrutiny over a recent security breach related to an assassination attempt on former President Donald Trump.

Kamala Harris may step in as the Democratic nominee for president, potentially succeeding Joe Biden. This shift brings up questions about her economic policies and their impact on the U.S.

Billionaire investor Robert Kiyosaki is once again championing Bitcoin, suggesting that a potential Trump presidency could significantly enhance its value.

The United States has its fair share of challenges – from the drastically increasing debt, to the real estate crisis.

Yesterday, the current president of the United States, Joe Biden, withdrew from the 2024 presidential race.

Robert Kiyosaki, a well-known financial expert, is warning of tough economic times ahead and advises people to prepare.

After Joe Biden dropped out of the presidential race, Donald Trump commented on the situation via a phone call.

Major U.S. banks are grappling with significant financial losses due to rising unpaid debts. Bank of America, Citigroup, and Goldman Sachs have reported combined losses of $4.1 billion.

Analysts are sounding alarms about potential economic trouble ahead for the United States. Several key indicators that have historically predicted downturns are aligning, suggesting a recession may be looming.

In Milwaukee, former President Donald Trump accepted the Republican presidential nomination after a high-energy four-day event.

The Chinese yuan has recently strengthened against the US dollar, reaching its highest midpoint level for July.

On July 18, the European Central Bank (ECB) opted to keep its key interest rates unchanged, signaling a pause aimed at addressing persistent inflation concerns.

Traders bolstered the euro on Thursday amid signals from the European Central Bank (ECB) of cautious post-rate-cut plans, easing previous concerns over French political turmoil.

Investor optimism is currently buoyed by expectations of potential U.S. interest rate cuts, aiming to prevent a severe economic downturn, despite escalating geopolitical risks, according to the latest survey by Bank of America.

Wall Street is increasingly frustrated with the Federal Reserve’s interest rate strategy, highlighted by Bank of America’s recent results.

Robert Kiyosaki, renowned investor and author of ‘Rich Dad Poor Dad,’ continues to voice stark criticisms of the US financial system.

Saudi oil giant Aramco has reentered the debt market after three years, planning to raise at least $3 billion through bonds maturing in 10, 30, and 40 years.

In a recent social media post, Elon Musk has sparked concerns about the economic trajectory of the United States, warning that excessive government spending could lead to financial ruin.

Henrik Zeberg, a macroeconomist, has reiterated his forecast of an impending recession, citing continued strong performance in key market sectors.

Jerome Powell’s testimony infront of the US Congress gave some insight into the Federal Reserve’s current stance on rate cuts.

Federal Reserve chair Jerome Powell testified in Capitol Hill yesterday as part of his twice-yearly report on the state of the economy.

Known as the “Oracle of Omaha,” Warren Buffett leads Berkshire Hathaway with a philosophy rooted in compound investing.

As the US economy awaits the Federal Reserve’s next interest rate decisions, historical trends hint that these policies could indicate the timing of an upcoming recession.

One of the most important data points that will shape future Federal Reserve interest rate policy was just released – the CPI.

For over 128 years, the Dow Jones Industrial Average has been Wall Street’s premier health barometer.

BRICS and other developing countries are ramping up their gold purchases while decreasing US dollar holdings, reports the World Gold Council.

Recent Treasury Department data reveals a rise from $33.990 trillion on January 2nd to $34.866 trillion by July 2nd, marking a staggering $876 billion surge in just six months.

S&P 500 is continuing its surge, riding the wave of the AI boom. However, not all AI stocks are good buy at this moment. Here are two of them, which you should potentially reconsider.

China is witnessing a surge in bank failures, driven by a declining property market and poor risk management.

Oil prices held steady on Monday as traders monitored hurricane Beryl’s potential impact on Gulf of Mexico production and noted robust summer demand signals.

In a recent move, Coinbase CEO Brian Armstrong has sold nearly $5 million worth of COIN shares, potentially influencing the stock’s decline.

Nvidia, renowned for its AI chips, saw its market capitalization exceed $3 trillion in the second quarter, reflecting the robust confidence Wall Street places in artificial intelligence.

In 2024, Russia’s economy shows robust growth, surpassing expectations with a 5% GDP increase in the first five months.

Stocks rallied broadly on Friday, with significant gains seen across the Dow, S&P, and Nasdaq indexes.

Cathie Wood’s Ark Invest sold 2,046 Coinbase shares worth about $450,000 before the exchange’s Q2 earnings report.

U.S. Treasury Secretary Janet Yellen has attributed the potential decline of the U.S. dollar to the country’s frequent use of sanctions in foreign policy.

JPMorgan Chase and Wells Fargo are grappling with significant credit card debt issues. JPMorgan has over $500 million in bad mortgage debt despite making a $13.1 billion profit.

Bloomberg analyst Mike McGlone anticipates significant developments at the Federal Reserve, foreseeing potential interest rate cuts in response to recent shifts in US equities.

Nvidia, a leading semiconductor company, is showing signs of a significant downturn according to recent technical analysis.

Federal Reserve chair Jerome Powell is currently giving his most anticipated interview at the Economic Club in Washington with David Rubenstein.

Newly elected European governments face tough financial situations, tasked with implementing change despite limited resources.

Fed Chair Jerome Powell recently commented on the US national debt in a live interview with David Rubenstein, Co-Chairman of Carlyle Group.

Alphabet Inc., Google’s parent company, is reportedly nearing its biggest acquisition yet, according to the Wall Street Journal.

Jerome Powell started his recent interview with David Rubenstein by saying he won’t give any hints on potential rate cuts or hikes.

The United States is experiencing significant geopolitical turmoil and struggling with inflationary pressures. Escalating interest rates have led to an unsustainable economic model, exacerbated by de-dollarization efforts within the BRICS countries, which have resulted in a marked depreciation of the US dollar over the past four years.

Fundstrat’s Tom Lee has made a bold forecast for the S&P 500, projecting it to nearly triple to 15,000 by the end of the decade.

A financial expert predicts a major announcement that could have a huge impact on the US dollar. In fact, the BRICS alliance is expected to accelerate its de-dollarization efforts at the upcoming event.

The latest data from the Federal Deposit Insurance Corporation (FDIC) shows a worrying trend in the US banking sector, as unrealized losses continue to rise, reaching over $500 billion.