Bitcoin took a tumble recently, dropping below $117, 000. This happened after some crypto bills got stuck in Congress, unable to move forward. It's a big deal because bitcoin had been soaring, hitting record highs thanks to big investors buying into bitcoin ETFs. People were hopeful that new laws would support crypto growth, but that didn't happen. The drop wasn't j...
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy and potential inflation risks from Trump's tariffs. Normally, a new ...
The latest numbers on inflation in the US show that prices are still going up, but not as fast as some people thought. The Personal Consumption Expenditures (PCE) Price Index, which is a big deal for the Federal Reserve, went up by 2. 3% in May. That's a tiny bit higher than the month before, but it's not a huge jump. The core PCE, which leaves out food and energy p...
Tesla's stock saw a 10% boost on Monday, all thanks to the launch of its self-driving "Robotaxi" fleet in Austin, Texas. This wasn't just any test drive. It was a big deal, a major step in Tesla's plan to change how we think about transportation. A select group of influencers got to try it out first, and they were impressed. They shared their experiences on social me...
The world of Bitcoin is never dull. Recently, Bitcoin saw a dramatic swing. It first dropped below $101, 000, then quickly shot up above $102, 000. This rollercoaster ride happened in just one day, with trading volumes that were off the charts. The sudden dip caught many off guard, but the market quickly bounced back. Some people might think that fears of war ar...
Tariffs have been a hot topic, leaving many wondering what will happen next. One smart economist has an interesting idea. They think Trump might have a clever plan up his sleeve. This plan could keep tariffs at a reasonable level. It would give countries time to open up their economies. This way, everyone can adjust to the new trade rules without too much trouble. T...
The Federal Reserve recently decided to keep interest rates unchanged. This decision came despite predictions of rising inflation and slower economic growth. The central bank's move was widely expected, as markets did not anticipate any changes this week. The Federal Open Market Committee maintained the key borrowing rate within the 4. 25% to 4. 5% range, a level tha...
Markets took a hit early Friday. The trigger? Israel's strike on Iran. This move sent shockwaves through the financial world. Energy prices shot up. Investors scrambled for safety. The Dow, S&P 500, and Nasdaq all took a dive in futures trading. Israel declared a state of emergency. The U. S. said it had no hand in the attack. President Trump took to his social ...
The trade relationship between the United States and China hit a rough patch. The latest development? A public accusation from the U. S. President. He claimed that China had not kept its end of a recent trade bargain. This news sent a ripple through the stock market, causing a slight dip in early trading. Trade agreements are complex. They involve lots of back-and-f...
Inflation in the United States saw a slight dip in April, according to recent data. The personal consumption expenditures price index, a key measure used by the Federal Reserve, rose by only 0. 1% for the month. This modest increase brought the annual inflation rate down to 2. 1%, the lowest it has been this year. This figure was slightly below what experts had predi...