Labor cash income and total household spending both missed expectations in December

Both labor cash income and total household spending came in below market expectations on an annualized basis in December, with labor cash income rising 1 percent versus expectations of 1.3 percent, falling short of a 0.7 percent gain from a sharply upward

Us stocks fell after Federal Reserve Chairman Jerome Powell hit back at expectations of a rate cut

Federal Reserve Chairman Jerome Powell made a rare mainstream media appearance in an interview with "60 Minutes" earlier Monday, further shattering widespread market expectations of a rate cut on the rocks of reality. U.S. data further dampened

WESTPAC’S FINE OVER $12B PRE-HEDGING TRADE IN AUSTRALIA PUTS REGULATORS UNDER SPOTLIGHT

“Currently, there’s no global guidance on this, emphasizing the existence of a grey area and underscoring the need for better regulatory oversight to uphold market integrity and safeguard investor interests.”

Fed decision review: Everyone is in risk management mode

Fed Chairman Jerome Powell stressed that the central bank would remain cautious and operate in a "risk management mode," making progress on both sides of its dual mandate. While Powell was upbeat on inflation, he stressed that the Fed would need

Us "retail base camp" Reddit wants to go public target valuation sharply reduced

Remember the "retail vs. Wall Street" battle three years ago? Tens of thousands of retail investors banded together on social networks to buy a number of stocks that had been shorted by Wall Street\'s institutional investors, causing stocks to s

German law enforcement agencies have made the largest ever seizure of bitcoins

Of course, the discussion of value cannot be separated from the context of The Times. Bitcoin\'s genesis block was born on January 3, 2009, and according to existing historical records, Bitcoin was worth about $0.1 or less in the first two years of its ex

The $400 billion compensation was voided and Musk was furious

On January 30, local time, a Delaware judge ruled on Tuesday that Tesla CEO Elon Musk\'s $56 billion (about 402.5 billion yuan) compensation package was invalid and that the company\'s board of directors "failed to ensure that the compensation plan w

IMF: The world economy is close to a soft landing, and central banks face double risks in monetary policy

On January 30, the International Monetary Fund (IMF) released its latest World Economic Outlook report, which raised the world economic growth rate in 2024 to 3.1% from the 2.9% forecast in October last year, and the world economic growth rate in 2025 is

Lets see if Powell can still "power"

In the 11 years to 2021, Treasuries were in the midst of a long bull market (with 10-year yields falling all the way down), and almost 90% of the decline in yields occurred around the time of the Fed\\\'s decision. Sebastian Hillenbrand, an economist who

The owner of Tottenham Hotspur, Joseph Lewis, has pleaded guilty to insider dealing

Joseph Lewis is a billionaire businessman and investor and the principal owner of the Tavistock Group, an international private investment organization. Because Joseph Lewis has invested in a number of companies, he holds one or more board seats in those

Fed Outlook: Downplaying the likelihood of imminent action -10 major bank forecasts

The US Federal Reserve (Fed) will announce its interest rate decision at 19:00 GMT on Wednesday, January 31, and as the announcement approaches, here is what analysts and researchers at 10 major banks are predicting.

SEC reveals HyperFund crypto pyramid scheme involving $1.7 billion

Gurbir S. Grewal, director of the SEC\'s Division of Enforcement, said: "As stated in our complaint, Lee and Chunga lured investors through the profits of the so-called crypto mining business, but in reality HyperFund\'s \'mining\' business was nothi

World economic recovery faces multiple risks and challenges

The world is currently in a major upheaval that has not been seen in a century. It can be seen that the world economy still faces many uncertainties in 2024. For example, geopolitical, economic, and global security tensions are likely to continue to inten

China and Singapore sign an agreement on mutual exemption of visas for ordinary passport holders

According to the Ministry of Foreign Affairs\' "Consular Direct" WeChat official account on January 25, representatives of the Government of the People\'s Republic of China and the Government of the Republic of Singapore signed the Agreement bet

Global giants are pouring 180 billion yuan!

Analysts have pointed out that Smegglutide tablets are the first oral peptide drug in China, which may mean that similar oral peptide drugs are more likely to be approved in the future. At present, there are also several pharmaceutical companies in China