Stay updated with the latest fintech market trends, insights, and analysis. Explore breaking news, market movements, and expert opinions to make informed decisions in the ever-evolving financial technology landscape
Chicago Fed President Austan Goolsbee says interest rates may move lower over the "next 12-18 months." Despite a solid jobs report, he sees uncertainty from policy and geopolitics slowing the pace of rate cuts.
Published on: February 07, 2025, 06:01 PM UTC
Fed may pause, but Goolsbee sees interest rates moving lower over the "next 12-18 months," despite a solid January jobs report and signs of resilience in the economy.
Published on: February 07, 2025, 06:00 PM UTC
Amazon has surpassed Walmart in revenue, but retail remains its biggest earner. The cloud business provides growth, but it's still dwarfed by the simple retail business of selling stuff.
Published on: February 07, 2025, 05:03 PM UTC
The US labor market remains strong with unemployment falling, wages rising, and job gains revised higher. This keeps the Fed on the sidelines from cutting interest rates in 2025, as job growth, inflation, and the Fed are closely related.
Published on: February 07, 2025, 05:02 PM UTC
US stocks fall on inflation, jobs report concerns; Amazon earnings disappoint
Published on: February 07, 2025, 05:02 PM UTC
President Trump's trade war with China has drawn Silicon Valley giants like Apple, Google, Intel, and Nvidia into a tit-for-tat economic battle. Apple faces tariffs and antitrust probes in China, while Google, Intel, and Nvidia could face similar antirust investigations. Despite the challenges, analysts believe Apple's financial impact will be limited, while Intel and Nvidia face greater headwinds from China.
Published on: February 07, 2025, 05:01 PM UTC
The latest University of Michigan consumer sentiment survey shows the lowest sentiment in seven months over concerns about inflation.
Published on: February 07, 2025, 05:01 PM UTC
Traders look to the US jobs report to guide interest rate decisions, with stocks, bonds, and the dollar seeing modest fluctuations.
Published on: February 07, 2025, 05:00 PM UTC
Venezuela's PDVSA resumes light crude imports amid dwindling domestic production, creating bottlenecks for blending exportable blends.
Published on: February 07, 2025, 05:00 PM UTC
Consumer sentiment plunges to its lowest in seven months, driven down by inflation concerns, according to the University of Michigan's consumer sentiment survey.
Published on: February 07, 2025, 05:00 PM UTC