Daily Updates

Federal Reserve officials have alluded to the potential of increasing the benchmark interest rate from its current 22-year high. Most players in the financial markets are still not convinced despite these signals. Fed Chair Jerome Powell and other officials stressed in a recent speech that the Fed's decision to hold interest rates steady at its…

Since 2017, both institutional and retail investors have become more interested in the relationship between cryptocurrencies and traditional equity markets. It's important to make clear that, despite what may at first appear to be a correlation, market movements are actually a reflection of how the market views and deals with cryptocurrencies rather than a direct…

As the third quarter progressed, American investors flocked to the safety of low-risk investments amid wild swings in the stock and bond markets. As per the investment flow data that YCharts and Morningstar carefully analyzed and deciphered, money market funds emerged as the main attraction for investors, attracting a whopping $184 billion in net inflows…

This Monday's local stock market saw an immediate uptick in activity following South Korea's recent decision to ban short selling in stocks until next June. Additionally, the American depositary receipts (ADRs) of South Korean companies that were traded in the US saw an increase due to this policy change. Despite the fact that South Korean…

According to the Federal Reserve's latest Tuesday report, student loan borrowers saw a significant decrease in their total debt load during the third quarter—a staggering $27.8 billion decrease. This incredible reduction in the total amount of student loan debt exceeds all previous periods in which the debt levels had decreased, mainly because federal loan requirements…

The unbeatable giant of cutting-edge graphic processing units (GPU), NVIDIA, revealed third-quarter earnings that are even better than the expert's most optimistic projections. NVIDIA released its third-quarter results with a net income of $9.2 million, which is a significant increase compared to last year. The revenue reached the top of the roof with a 206%…

In an attempt to counteract the recent spike in prices that had come dangerously close to all-time highs, the US central bank decided to keep its benchmark interest rate at a 22-year high. The Federal Reserve maintains its rate target at 5.25%–5.5% with steadfastness. Over time, the central bank has raised borrowing costs in an…

Recently, Patrick Mahomes, the quarterback for the Kansas City Chiefs, has taken an interesting step into the Formula 1 world. This noteworthy endeavor became public when Mahomes became one of the select few investors supporting the Formula 1 team, Alpine. Notably, this group also includes renowned champion golfer Rory McIlroy and fellow Kansas City Chiefs…

ETFs (Exchange-traded Funds) have seen a dip in the last week amid volatility in the tech stocks. Especially, the ETFs having major investments in the "Magnificent 7" have seen a major dip. "Magnificent 7" has the list of 7 mega tech stocks, which includes Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Meta Platforms (META), Google…

Bitcoin mining stocks have risen and have surpassed Bitcoin exchange prices since Monday.  The rise in the cryptocurrency market is due to the rallied price of Bitcoin and several other cryptocurrencies. It includes the increasingly prominent Bitcoin market cap and competitors like Ripple( XRP) and Ethereum( ETH). However, an increase in fortune is not only…