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This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third c

New York (CNN Business)Former Trump economic official Gary Cohn is in favor of President Joe Biden lifting some Trump-era tariffs imposed on China to address high inflation. "These tariffs are adding to the cost of many goods that US consumers are buying," Cohn told CNN. Cohn, now vice chairman at I

(CNN Business)Elon Musk, the Tesla and SpaceX CEO and world's richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, Business Insider reported on Wednesday. Musk, who posted a tweet on May 24 saying "USA birth rate has been below min sustainable levels for

Several key factors can move the Forex market. These factors put together make up what we call fundamental analysis. Understanding the impact of these essential factors helps traders decide which positions to take in the markets for their chosen pair. Therefore, every trader must study these factors

NKE and FDX please the algo’s – Mkts push higher. MU disappoints post the bell, ruins the tone…futures lower. Oil kissing $80, Gold holds steady at $1824/oz. The kids (FTX) are singing like canaries…SBF on US soil. Try the Shrimp Scampi w/broccolini. Existing home sales – plunge…down 7.7% vs. the -5

On February 24, when Russian forces launched a war on neighbour Ukraine, it actually escalated an eight-year stalemate that commenced with Russia reclaiming the Crimean Peninsula in March 2014 to undo what it describes as a Soviet-era in justice. As news of the Russian move trickled in, stock market

A Crawling Peg Exchange Rate - What is Crawling Peg? Counties facing Forex volatility and economic instability may use a crawling peg exchange rate to shield their economy from negative fallout, but what is a crawling peg? We will explain the two types of a crawling peg exchange rate and discuss its

Cisco Systems Inc (Symbol: CSCO) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.4% yield, as well as being recognized by prominent asset managers as being a socially responsible inve