The main US indices closed mixed in the Monday session after a strong rise in the Friday session, as investors await the inflation data for the month of April, which is expected to be released next Wednesday. The regional banks index fell by about 3% after achieving the highest daily gain in 7 weeks in … Read more
Billionaire Warren Buffett has reduced value investing – the strategy that helped him accumulate his wealth – to one sentence: “What gives you opportunities is other people doing stupid things.” The term value investing refers to buying a lower priced security through some form of fundamental analysis when others are selling it…and then holding it … Read more
Moody’s Chief Economist Mark Zandi said that the Federal Reserve does not prioritize the stability of the US banking system and this puts the economy at risk. In an interview with CNBC Thursday, March 23, he estimated that the tightest credit conditions since the SVB collapse equated to two or three interest rate increases of … Read more
Gold prices rose, recording the highest settlement price in more than a year, after the decision of the Federal Reserve and a number of central banks. At the settlement of the March 23rd session, gold futures rose by 2.4%, or $46.3, to $1995.9 an ounce, which is the highest settlement price for the most active … Read more
In 2022, the market value of Apple jumped at levels of $ 3 trillion, before its decline, but Morgan Stanley believes that the stock is eligible for a rise with a value that exceeds levels of $ 4 trillion. And the American bank said in a note on Friday, March 3, that the stock is … Read more
It seems that the difficult period that Nvidia went through during the past year has passed, with the company’s market value increasing by more than $ 200 billion since the beginning of 2023. After two years of prosperity, the chip company lost half of its value, or $300 billion, in 2022 amid fears of an … Read more
Matthias Cormann, Secretary General of the Organization for Economic Co-operation and Development, stated that the outlook for the global economy is slightly better this year, but inflation challenges remain. In statements to CNBC, Korman said that with the beginning of 2023, expectations for the performance of the global economy are better than they were two … Read more
In light of gold’s rise to record levels in the recent period, some analysts are heading to cross the $2,000 per ounce threshold soon. However, there are some opinions that see this as far-fetched, and gold will experience strong declines. According to Harry Dent, founder of HS Dent, “Gold, which has been trading at a … Read more
US stock indices rose during trading today, Thursday, and increased their gains in the wake of the issuance of strong economic data in addition to positive business results announced by Tesla and other companies. And government data revealed that the first reading of the US gross domestic product for the fourth annual quarter of 2022 … Read more
US stock indices closed lower today, Wednesday, after weak economic data and pro-rate-raising statements from Federal Reserve officials raised fears that the bank will continue to tighten monetary policy, perhaps to the extent that it leads to a recession. Before the market opened, US economic data showed retail sales and producer prices fell by more … Read more