Asset manager Cathie Wood reiterated that the Fed is looking at the wrong indicators, finding that prices increased when they actually declined. For months famed investor Cathie Wood has said that the Federal Reserve should Read more…
Another controversial neuroscience drug could soon be approved. Drug development is hard. The difficulty stems primarily from the complexity of biology and our relatively limited understanding of it. Add to that a strict regulatory process — Read more…
“Following further evaluation this morning, the Queen’s doctors are concerned for Her Majesty’s health and have recommended she remain under medical supervision,” Buckingham Palace said in a statement. Queen Elizabeth II remains under close medical Read more…
It’s a time of transition on the Las Vegas Strip, and one famous name looks set to return in a big way. The Las Vegas Strip never stops. It’s a 24/7 environment where the gaming Read more…
The world’s richest man is embroiled in a legal battle as he tries to walk away from a deal to buy microblogging website Twitter. On April 25, Elon Musk made a $54.20-a-share, or $44 billion, Read more…
Earlier this week, the PBOC made a “surprise” announcement cutting the reserve requirement ratio (RRR) for banks. The “surprise” is in quotes, because even though it wasn’t pre-announced, the economic situation was such that a Read more…
Crude oil’s origin of measurement in units of barrels goes back to the mid-19th century. Canva What Are Barrels Per Day? Barrels per day are units of measurement used in tracking the production, storage, delivery, Read more…
U.S. stocks moved higher Thursday, while the dollar built on gains against its global peers, as investors sifted through an historic rate decision from the European Central and a policy speech from Fed Chairman Jerome Read more…
Fed chair Jerome Powell said in a conference, “We need to act now, forthrightly, strongly as we have been doing (on inflation). My colleagues and I are strongly committed to this project and will keep Read more…
Summary Against a backdrop of persistent and elevated inflation, the European Central Bank (ECB) delivered a record rate hike at today’s monetary policy announcement, raising its Deposit Rate by 75 basis points to 0.75%. The Read more…