News

(Source-The-National-Herald) In a report released on Friday, the U.S. government revealed that the Federal Reserve's preferred inflation measure experienced a further cooling trend in the previous month. This decline in inflation comes amid a robust and continuing economic expansion, a development likely to be well-received at the White House, e…

Cocoa Prices Surge to Unprecedented Heights Global cocoa prices have reached an unprecedented peak, hitting a record high due to adverse weather conditions in West Africa. On the New York commodities market, cocoa prices surged to a new all-time high of $5,874 (£4,655) per ton, marking a substantial increase since the beginning of the previous y…

(Source-Seeking-Alpha) Competitive Pressures and Market Share Erosion In a challenging landscape for fintech companies, PayPal (NASDAQ: PYPL) finds itself grappling with multiple setbacks. Competitors, notably Apple, are encroaching on its market share, intensifying the struggle for dominance in the digital payments realm. This intensified co…

(Source-TechCrunch) A notable hire at The Boring Company has caught attention as Vignesh Swaminathan, renowned as Mr. Barricade on TikTok, joins as a senior civil engineer. With a background as an urban planner, Swaminathan previously led Crossroad Labs, a Cupertino-based civil engineering design firm. The move to The Boring Company follows Cros…

(Source-The-Economic-Times) In a surprising turn, robust economic data in the United States is challenging investors with a crucial question: Can the stock market continue its upward trajectory even if the Federal Reserve opts for fewer monetary-policy easing measures than initially anticipated? The anticipation of a Fed shift towards rate cuts …

(Source-The-Wall-Street-Journal) This week, Federal Reserve Chairman Jerome Powell spoke with Scott Pelley on 60 Minutes, addressing the U.S. economy's status following a 40-year high in inflation, which prompted the Fed to raise interest rates 11 times. Despite 11 months of decreasing inflation and near 50-year high employment, Powell announced…

Trending on TikTok: digital cameras, Jellycat plush toys, and lip oils. However, the latest craze isn't about buying these items but rather abstaining from such purchases. Welcome to the era of "loud budgeting," a stark contrast to the previous trend of quiet luxury, where individuals aimed to emulate an old-money aesthetic. The concept isn't entir…

For nearly two years, economists and observers anticipated a shift in the labor market dynamics, only to be surprised by the January jobs report, which defied expectations on multiple fronts. The robust report revealed the addition of 353,000 jobs in the first month of the year, surpassing the expected 187,000. Revisions to previous months' job num…

(Source-The-New-York-Times) The strength of the US economy challenges bond traders' expectations of multiple rate cuts from the Federal Reserve this year. January's unexpected surge in hiring has eased pressure on the central bank to implement immediate monetary policy easing, allowing time to assess inflation's trajectory. Fed Chair Jerome Powe…

In recent TikTok trends, a new viral phenomenon known as "loud budgeting" has emerged, offering a stark contrast to the concept of "quiet luxury." The essence of loud budgeting lies in transparently and explicitly communicating one's financial boundaries and priorities. TikToker Lukas Battle, credited with coining the term, emphasizes the humor beh…