Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City. Michael M. Santiago | Getty Images A new day, a new all-time high. From stocks to bitcoin, asset classes across the board have been hitting uncharted territories. Why? There are a few reasons … Read more
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, … Read more
Paul Krugman.Ricardo Rubio/Europa Press/Getty Images US consumer optimism is surging, and may reflect the stock market outperformance, Paul Krugman wrote. But stocks aren’t a good indicator of future economic health, and should be ignored. Americans give outsized attention to equities due to the market’s high visibility. With stock bullishness swinging indexes towards new highs, consumers … Read more
Negotiations over elevating the debt ceiling are persevering with in Washington D.C. A Friday assembly between President Biden and congressional leaders was postponed to provide staffers extra time to hash out a deal. They’re below stress although. A brand new CBO report tasks there’s a “important threat that sooner or later within the first two … Read more