The U.S. stock market closed lower on Thursday as the selling pressure intensified in the late-day trade. This decline was primarily due to government bond yields reaching their highest level in approximately 16 years. Market Performance The Dow Jones Industrial Average (DJIA) recorded a loss of about 291 points, or 0.8%, closing near 34,473. The S&P 500 index closed 0.8% … [Read more...] about U.S. Stocks Experience a Downturn as Bond Yields Reach 16-Year High
Forex News
Trump Scraps Press Conference Over Election Fraud Claims in Georgia
Former President Donald Trump has decided not to hold a press conference next week to unveil alleged evidence of fraud in the 2020 election in Georgia. Trump cited the advice of his lawyers as the reason for this decision. Despite his claims, no substantial evidence of widespread fraud has emerged since the election took place. Republican officials in Georgia have consistently … [Read more...] about Trump Scraps Press Conference Over Election Fraud Claims in Georgia
A Soft Landing in the U.S., but Challenges Abroad
The U.S. economy appears to be experiencing a much-anticipated soft landing, thanks to careful interventions by the Federal Reserve. The central bank's measured increase in interest rates has resulted in a well-balanced economy with reduced inflation. This positive outcome bodes well for Americans. However, the situation is quite different in other parts of the world. Europe, … [Read more...] about A Soft Landing in the U.S., but Challenges Abroad
Retirement Planning: A New Take on CDs
For nearly three decades, Rich Guerrini has been immersed in the world of investments, specifically as the president and CEO of PNC Investments, a subsidiary of PNC Bank. With his extensive experience in the field, Guerrini is well-equipped to shed light on retirement planning and share his insights on CDs and common investor mistakes. The Appeal of CD Rates Over the past 10 to … [Read more...] about Retirement Planning: A New Take on CDs
Facebook Settlement: Don’t Miss Out on Your Potential Money
If you were a Facebook user between May 2007 and December 2022, this is an important message for you. You may be entitled to compensation, but time is running out to claim it. The judge's approval sets the stage for a final approval hearing scheduled for September. However, you don't have to wait until then to act. You can start submitting your claims now in order to … [Read more...] about Facebook Settlement: Don’t Miss Out on Your Potential Money
