The first half of 2023 has been an unexpected rollercoaster ride for the global financial markets. After a tumultuous 2022, marked by significant losses across asset classes, inflation spikes, and rapid rate hikes, investors entered the new year with a cautious outlook. However, the markets have defied expectations, showcasing...

#RecessionFear #Netflix_Tesla_JNJ #BankEarnings Goldman Sachs cuts probability of recession to 20% Probability of recession (Source: Wall Street Journal) What Happened? Amidst the ongoing debate about the possibility of a U.S. recession, Goldman Sachs has made a notable move by reducing the chances of an economic downturn. Jan Hatzius, the chief economist at Goldman...

#CryptoVictory #USInflation #EarningsSeason Ripple Lab’s victory over SEC XRP Price chart (Source: Google Finance) What Happened? In a significant legal victory for the cryptocurrency industry, Ripple Labs Inc has been ruled not to have violated federal securities law by selling its XRP token on public exchanges. The decision was made by U.S. District...

#USJobMarket #Meta_Twitter #ChinaExports US Job Market reports for June give mixed signals US Private Employment (Source: ADP) What happened? Private employers in the United States added a significant number of jobs in June, surpassing expectations and indicating a robust job market. According to the private payroll supplier ADP, 497,000 new jobs were created...

#US_GDP #Yen/USD #NikeResults US GDP revised upwards, job market shows strength US GDP growth rates (Source: TRADINGECONOMICS.COM) What happened? In a recent development, the US first quarter GDP growth has experienced a significant upward revision, surging to 2%. Adding to the economic landscape, a separate report released recently revealed a decrease in initial...

#PowellTestimony #UKInflationShock #AlibabaCEO Powell testifies before the House Financial Services Committee  Unemployment Rate in The USA (Source: TRADINGECONOMICS.COM) What Happened? Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee, providing his semiannual report to Congress. Following the central bank's recent pause in its aggressive rate-hiking campaign, Powell emphasized that the...

#NoRateHike #AdobeResults #TeslaGains Topic #1: Fed keeps the interest rates at the same level Fed Fund Rate (Source: TRADINGECONOMICS.COM) What Happened? After 10 successive rate hikes, The US Federal Reserve delivered a widely expected decision by pausing its series of aggressive interest rate hikes. However, the central bank surprised many with its hawkish...

It was the brilliant and obsessive Steve Jobs - a tech visionary almost without peer - that built Apple into the technology giant it is today.   Innovation was at the heart of Jobs’ Apple. Across his career he would spin out hit after hit, from the Macintosh home computer, the...

#SEC_Crypto #OilSupplyCut #AusRateHike  Topic #1: SEC sues Binance and Coinbase Coinbase price chart (Source: Google Finance) The US Securities and Exchange Commission (SEC) has launched lawsuits against two major cryptocurrency exchanges, Binance and Coinbase, alleging various forms of misconduct. Bitcoin, the leading cryptocurrency, experienced a 6% drop in value upon the announcement,...

#EuropeInflation #DebtCeiling #AlibabaChatBot Topic #1: Inflation in Europe drops to lowest level since February 2022 Inflation rates in Europe (Source: TRADINGECONOMICS.COM) What happened? Inflation in Europe has reached its slowest pace since the Russian invasion of Ukraine. According to the initial estimate from the European Union's statistics agency, consumer prices in the eurozone...