Shares of vaccine manufacturers and healthcare companies worldwide plummeted on Friday. Investors reacted sharply to Donald Trump’s announcement nominating Robert F. Kennedy Jr. as the U.S. Health Secretary. Kennedy, known for his…
Author: Jason Chang
U.S. Economy Sees Steady Growth in 2024 Amid Fed Rate Cuts
The Federal Reserve played a significant role in supporting this growth by cutting the federal funds rate by 0.50% on September 18. This decision marked the first rate change since July 2023…
Hedge Funds Face Massive Losses as Tesla Stock Soars Post-Election
The majority of hedge funds began reversing their short positions on Tesla after Elon Musk endorsed Trump on July 13. Hazeltree’s data, tracking over 500 hedge funds, shows a marked shift in…
Steve Madden Plans Major Shift in Production Amid Tariff Concerns
Steve Madden, a prominent New York-based retailer, announced plans to significantly reduce its production in China. This decision comes in response to anticipated tariff increases under President-elect Donald Trump’s administration. The company…
Donald Trump’s Return to White House: Implications for China and Mexico
Donald Trump’s return to the White House as the 47th President of the United States could significantly impact trade, security, and immigration policies, particularly in China and Mexico. The election outcome, with…
Bank of England Reduces Interest Rates Amid Economic Uncertainties
The Bank of England has cut its base interest rate from 5% to 4.75%, marking the second reduction in 2024. This move comes as part of efforts to control inflation and stimulate…
Bank of England Lowers Interest Rates Amid Inflation Decline
Reporting from BBC News indicated that the Bank of England’s base rate influences lending and savings rates across the country. When inflation spikes, the bank typically raises rates to curb spending and…
U.S. Stocks Approach Best Week in a Year
U.S. stocks are set to conclude their best week in a year, with modest movements observed on Friday. The S&P 500 climbed 0.3% during afternoon trading. It is on track for its…
Federal Reserve Cuts Interest Rates Amid Economic Uncertainty
The Federal Reserve has cut interest rates for the second consecutive time to mitigate high borrowing costs and support the economy. This move comes after a previous rate cut in September, when…
Trump and the Federal Reserve: A Tense Relationship Amid Economic Challenges
Jerome Powell, the Federal Reserve Chair, remains firm in his stance despite Trump’s criticisms. Powell recently stated he would not resign, even if pressured by Trump. According to reports from various financial…