Cuban and Musk, two of the most influential business leaders, find themselves doing something unusual: defending their wealth. Mark Cuban and Elon Musk are two billionaires whose popularity transcends generations and often political affiliations. Cuban’s Read more…
Cryptocurrency prices rose after the Federal Reserve hiked rates by another 0.75 percentage point. Most cryptocurrency prices moved up on Wednesday after the Federal Reserve hiked rates by 0.75 percentage point in a continued effort Read more…
The biggest operator on the Las Vegas Strip has some very positive things to share about what’s next as Sin City continues its covid recovery. Covid devastated the travel industry in not just the United Read more…
‘The softness in home sales reflects this year’s escalating mortgage rates,’ says economist Lawrence Yun. The bad news for the housing market continues to mount. Existing-home sales fell for a seventh straight month in August, dropping Read more…
Fast-food restaurant fans may remember Burger King’s Mac-n-Cheetos. When a fast-food company is in doubt about where to go next, there is always the “take something popular and throw it in a deep fryer” option. Read more…
The Federal Reserve Open Market Committee (FOMC) lifted the federal funds rate to the 3.0% to 3.25% range and reaffirmed a continuation of its balance sheet runoff. The Fed updated its language stating that “recent Read more…
At this week’s low, Microsoft stock was down more than 31.5% from its all-time high. That’s the worst decline in more than a decade. The recent stock performance has been a tough pill for Microsoft Read more…
EUR/USD finally breaks out to the downside after Fed hikes 75bps and projects interest rate to hit 4.4% by year end. For the near term, EUR/USD’s next target is 100% projection of 1.0368 to 0.9863 Read more…
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Fed raises interest rate by 75bps to 3.00-3.25% as widely expected, by unanimous vote. In the accompanying statement, Fed said job gains have been “robust” with unemployment rate “remained low”. Inflation remains “elevated”. FOMC would Read more…