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The Fed struck a more hawkish tone last week, projecting higher inflation in 2025 than previously thought and scaling back the number of rate cuts expected next year. In an economic environment that appears to be slowing, the Fed could fall into a tailspin and return to a more dovish stance, wrote Neil Datta, an analyst at Renaissance Macro. He doubts that expectations of the Trump administration's policies - Powell acknowledges the Fed's...
On December 12, according to the Bloomberg Billionaires Index, Musk's net worth rose by about 50 billion dollars to $439.2 billion. Musk's net worth fell by more than $200 billion at one point in late 2022, but after Trump won the election last month, Musk's value as his top gifter immediately soared. On Wednesday, SpaceX and its investors agreed to buy $1.25 billion worth of shares from employees and other company insiders. The deal values the private space exploration company at about $350 bil...
Silver medium-term is expected to usher in a round of outbreaks, which has become increasingly widely expected; financial blog Zero Hedge analysts pointed out that multiple angles show that extreme speculative sentiment in U.S. stocks has returned.
Nvidia will replace Intel and Sherwin-Williams will replace Dow as constituents of the Dow Jones Industries Average Index, effective November 8. The index changes are aimed at increasing representative exposure to the semiconductor and materials industries.
According to official news, Stacks established the Asia Foundation yesterday. The foundation will receive an initial grant of 15 million US dollars. The Stacks Asia Foundation is committed to building mutually beneficial relationships in key markets such as Korea, Hong Kong, Singapore, Japan, South East Asia, UAE, etc. The focus will include supporting strategic partnerships and programs of local builders, efforts to ensure liquidity and accessibility of key ecosystem assets. By supporting key S...
On September 12th, according to official news, Stacks established the Asia Foundation yesterday. The foundation will receive an initial grant of 15 million US dollars. The Stacks Asia Foundation is committed to building mutually beneficial relationships in key markets such as Korea, Hong Kong, Singapore, Japan, South East Asia, UAE, etc. The focus will include supporting strategic partnerships and programs of local builders, ensuring liquidity and accessibility of key ecosystem assets. By suppor...
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