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On Wednesday, May 15, Germany’s 10-year bond yield fell below the key 2.5% threshold, preceding the release of crucial US consumer price index (CPI) data that could potentially determine the direction and magnitude of the Federal Reserve’s interest rate cuts for this year. At the time of writing, Germany’s 10-year yield stood at 2.49%,…

According to the latest information, FTX, the collapsed crypto exchange, has recovered billions of dollars more than it needs to repay its customers who lost funds during the company’s November 2022 collapse. This surplus has been attributed to the recovery of assets and the crypto market’s resurgence following the collapse. As a result, customers…

The article discusses the findings of a report by the Network Contagion Research Institute (NCRI) that links a political activist group connected to the Chinese Communist Party (CCP) to the recent spate of anti-Israel protests on college campuses in the US. The report identifies the group, Shut It Down for Palestine (SID4P), as a…

According to recent reports and data from the Federal Reserve, American households are experiencing financial strain as credit card debt levels continue to rise amid rising inflation and interest rates. In the first quarter of 2024, credit card and auto loan delinquencies reached record highs, with 8.9% of credit card balances transitioning into serious…

According to a report by the UK Sustainable Investment and Finance Association (UKSIF), two-thirds of the largest financial services firms operating in Britain are either planning to move or have already moved some investments out of the country and into more supportive markets for their sustainability goals due to the UK’s failure to complete…

In the latest development, gold prices have risen ahead of crucial US inflation data that could provide insight into the Federal Reserve’s future interest rate decisions. As of 10:25 a.m. GMT, spot gold had increased by 0.6% to $2,372.71 per ounce. This follows a narrow trading range over the past few weeks, during which…

The three Magnificent Seven stocks that analysts predict could experience significant declines, based on their price targets, are: 1. Meta Platforms (formerly known as Facebook): BNP Paribas Exane analyst Stefan Slowinski set a price target of $360 for Meta Platforms, implying a potential 24% decrease from its closing price on May 10. Slowinski cited…

According to a report by the European Bank for Reconstruction and Development (EBRD), the invasion of Ukraine by Russia has resulted in a significant increase in borrowing costs for the European Union’s ten Eastern member states. This rise, estimated at around half a percentage point since the conflict began, can be seen as a…

Following Chief Economist Huw Pill’s suggestion that the Bank of England may consider cutting interest rates during the summer, the British pound experienced a slight decrease against the US dollar on Tuesday. However, the pound subsequently recovered and reached its highest level in almost two weeks against the dollar, trading at $1.2610 on Wednesday.…

CNX Resources, a natural gas producer, has announced plans to construct a $1.5 billion hydrogen-production facility at Pittsburgh International Airport, subject to approval from the Biden administration’s tax credits scheme aimed at combating climate change. The proposed project involves the utilization of methane released from coal mines, which environmental groups oppose due to its…