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Inflation in the United States decreased slightly in April, according to the latest Consumer Price Index (CPI) report released by the government. The report revealed that the monthly inflation rate declined from 0.4% in March to 0.3%, while experts predicted a figure of 0.4%. This decrease brought the total yearly inflation rate to 3.4%,…

According to Redfin CEO Glenn Kelman, certain US states are already experiencing positive signs regarding housing affordability, despite the impact of rising mortgage rates. Kelman made these remarks during an interview with FOX Business, where he discussed the current state of the housing market and the potential implications of “sticky” inflation data. Economists predict…

After previously withdrawing its application for a virtual asset trading license in Hong Kong, the local subsidiary of cryptocurrency platform HTX has done so again, as reported by The South China Morning Post. The Securities and Futures Commission (SFC) of Hong Kong announced on its website that any platforms failing to submit an application…

According to recent economic data, inflation fell to 3.4% annually in April, as reported by the Bureau of Labor Statistics. This decrease in inflation is welcomed by the Federal Reserve, as it considers potential interest rate cuts. President Joe Biden’s administration has highlighted this positive inflation data, along with strong employment figures, as evidence…

According to Compass Group, the world’s largest food catering firm, Mondays are now just as busy as Thursdays in office canteens in both the United States and Britain, following the return of many global companies implementing hybrid working policies. This trend is attributed to efforts by companies to entice workers back to the office…

The recent surge in bitcoin prices has caused an increase in demand for crypto wallet recovery services, with phone lines at such companies ringing off the hook as retail investors struggle to regain access to their digital wallets. Cryptocurrencies such as Bitcoin are accessed through locally stored software wallets or hardware wallets, which can…

Despite the ongoing retirement savings crisis in the US, there seems to be little indication that it is forcing people to delay their retirement or continue working full-time into old age. According to research by economists at the Federal Reserve Bank of New York, retirement-age full-time employment expectations have decreased since the pandemic, with…

According to a report from broker Canaccord Genuity, the positive momentum of Galaxy Digital, a crypto financial services firm, is expected to continue following its announcement of a 40% increase in net income. This growth can be attributed to an increase in the number of trading counterparties and a significant rise in trading revenue,…

As the US stock market remained relatively stable ahead of crucial consumer price data, the futures for the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq 100 (NQ=F) all hovered above the flatline. This came after the Nasdaq reached a new peak for technology stocks. While stocks have been climbing due to…

A recent article by Bloomberg discusses the relationship between financial conditions and the broader economy, specifically regarding the current state of the US stock market and the Federal Reserve’s efforts to combat inflation. Although the stock market has seen a significant rally, with equity capitalization increasing by approximately 38% of GDP over the past…