Bert Foster

Despite positive economic indicators, consumer sentiment decreased significantly in May, as reported by the University of Michigan Survey of Consumers. The initial reading for the month stood at 67.4, a significant dip from the previous month’s figure of 77.2, and falling short of analysts’ predictions of 76. This decrease in sentiment could be attributed…

Based on the latest information and expert advice, here’s a rewritten article: NEW YORK (AP) — According to the most recent IRS data, the average taxpayer is receiving a $2,852 refund, which is $75 more than last year. However, financial experts generally advise using this money to pay off debts and save for the…

The recent crackdown by the Securities and Exchange Commission (SEC) on false claims of using artificial intelligence (AI) by investment advisors and broker dealers highlights the growing issue of AI washing, where companies exaggerate their use of AI to deceive investors and customers. This phenomenon is not limited to the financial sector, as analytics…

Governor Gavin Newsom (D-CA) is set to present his updated budget proposal on Friday, as lawmakers and lobbyists prepare for significant spending cuts to address a deficit of $73 billion. This follows Newsom’s previous decision to reduce one-time funding programs and postpone expenditures by $17.3 billion in April. Unlike the federal government, California law…

The recent market downturn has led to a resurgence in popularity for selling bitcoin call options, known as a yield-generating strategy, as the appeal of the cash and carry arbitrage diminishes. This strategy involves selling call options, which provides insurance to buyers against bullish price moves in exchange for a premium, the maximum profit…

In a CNN interview, President Biden claimed that the U.S. economy is currently the strongest in the world and that he has handled inflation better than any previous president. However, the New York Post criticized Biden heavily, calling him a liar multiple times in their editorial. According to the Post’s editorial board, Biden told…

Oil companies such as Chevron, Canadian Natural Resources, and Suncor Energy are urging the operator of the expanded Trans Mountain pipeline to alter some crucial specifications to enhance the quality of the crude transported via the system. Their argument is that the current restrictions reduce the value of the oil transported and limit the…

The recent IPO of Zeekr Intelligent Technology, an electric-vehicle maker based in China, is significant as it marks the first major U.S. listing by a Chinese company since 2021. The strong demand from investors, indicated by the upsizing of the IPO, comes amidst a challenging environment for EV makers, who have seen profits being…

The New York Stock Exchange (NYSE) has posed queries to market participants regarding their thoughts on the possibility of the stock market operating on a 24-hour schedule similar to that of cryptocurrencies, which was previously reported by the Financial Times. The move comes as 24 Exchange, a startup financed by billionaire hedge fund manager…

In preparation for Bitcoin’s upcoming halving event, crypto traders anticipate increased investment in related networks and ecosystem tokens as a result of reduced new coin supply. The halving, which lowers the rate at which new coins are created, has historically preceded a bull market for Bitcoin. Crypto trading firm Wintermute suggests that due to…