Elections always shake things up, and the latest one is no different. The Federal Reserve is planning to lower interest rates again on Thursday. Why? To tackle inflation, which has been bothering many Americans. But here's where it gets tricky. The new President-elect, Donald Trump, has some bold ec
The financial world is buzzing with excitement as Donald Trump makes his comeback to the White House. Stocks are on a roll, with the S&P 500 leaping by 2. 1% and the Dow rocketing up by 1, 292 points. Bitcoin investors are over the moon, with prices reaching a record high of over $75, 000. Trump's f
Imagine tiny soldiers inside your eyes, known as microglia. These warriors guard your eyes against infections. Scientists wanted to know if microglia could bounce back after an illness. They studied special mice with marked microglia and watched an infection called endotoxin-induced uveitis (EIU) un
The Federal Reserve is set to lower interest rates this week, but this time it's not about boosting a struggling economy. Instead, they're responding to lower inflation rates. The upcoming presidential election might not change this decision right away, but the winner could influence what the Fed do
Retail investors have been busy snapping up bitcoin and gold before the upcoming U. S. presidential election, expecting potential benefits if former President Trump wins. According to a report from JPMorgan, these investors are part of the "debasement trade, " where they buy these assets to hedge ag
In September, inflation inched up, drawing closer to the Federal Reserve’s target. The personal consumption expenditures price index saw a 0. 2% increase, with an annual rate of 2. 1%, right in line with predictions. The Fed heavily relies on PCE readings, though they also consider other indicators.
British businesses are feeling the pinch after the UK's Finance Minister, Rachel Reeves, announced a tax-hiking budget. The biggest change is an increase in National Insurance (NI) payroll tax for employers. This will rise from 13. 8% to 15% from April 2025 and will start at a lower income threshold
Anthony Scaramucci, the founder of SkyBridge Capital, believes the US can manage its debt crisis by allowing inflation to rise slightly. This strategy might not be great for savers and lower- to middle-income households, but Scaramucci thinks it's the way to go. He made these comments just before th
You might think high interest rates would slow down the economy. But surprisingly, the U. S. economy grew at a steady 2. 8% pace from July through September. Consumers were the big spenders, driving growth even with higher interest rates. While business investments cooled off a bit, exports picked u
Bitcoin has hit a new high, soaring over $72, 000—a benchmark it hasn’t seen since spring. This surge comes as investors consider upcoming elections and inflation fears. The world's most valuable cryptocurrency, with a market value of over $1. 4 trillion, has shot up by about 6% on Tuesday. In simp
