Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment."I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to...
Category: Finance
Here’s the deflation breakdown for June 2024 โ in one chart
97 / GettyInflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers.Deflation measures how quickly prices are falling for a consumer good or service. It's the opposite of inflation, which gauges how quickly prices are increasing.Physical goods have accounted...
Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’
Wall Street is getting ready for a new batch of cryptocurrency exchange-traded funds: ethereum. Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management's Matthew Hougan plans to get in on the action."What you're seeing is this sort...
This ETF is trying to satisfy appetites for weight loss stocks
Tema ETFs has been capitalizing on the risk appetite for weight loss stocks.It is behind the GLP-1, Obesity & Cardiometabolic ETF (HRTS), which is up 26% since its inception last November.The firm's founder and CEO Maurits Pot thinks the winning weight loss trade isn't based on just hype."The companies we...
China hopes to reach a solution with the EU on EV tariffs ‘as soon as possible’
Employees work on the assembly line of electric vehicles in a digital automotive factory of Jiangling Motors on May 17, 2024. Vcg | Visual China Group | Getty ImagesBEIJING โ China hopes to reach an agreement with the European Union soon on the bloc's planned tariffs for imported Chinese electric cars,...