Make the Most of an Investment Conference
An investment conference is a great way to learn about opportunities and industry trends. You can also market your skills and portfolio and network with other professionals in the investment sector. You can only get what you give in terms of value, so it’s best to be prepared before attending your Washington, D.C. conference to maximize your learning experience. If you’re attending or speaking, staying prepared, planned, and engaged for a ... Continue Reading
Stock Futures Rise After Record-Setting Session
Tuesday's U.S. stock futures barely changed. The S&P 500 and Nasdaq Composite then set records. Investors' futures were shaped by their expectation of important inflation figures and earnings announcements due later in the week. Future Dow Jones Industrial Average points added 23 points, or 0.06%. Nasdaq-100 futures rose 0.06%; the S&P 500 futures rose 0.3%. Monday's closing of both indices at all-time highs preceded this ris... Continue Reading
Introduction: Powell's Upcoming Testimony Before Congress
This week, Federal Reserve chair Jerome Powell will testify before Congress to answer important concerns regarding excessive borrowing rates. Powell is booked to show before the House Finance Committee on Wednesday and the Senate Banking Committee on Tuesday. He will introduce the last week's Fed semiannual report on monetary policy. Legislators will challenge Powell on the Fed's high interest rate policy meant to lower inf... Continue Reading
U.S. Small Business Confidence Hits Six-Month High in June
The National Federation of Independent Business (NFIB) reports that in June small-business confidence in the United States hit a six-month high. Rising to 91.5, the Small Business Optimism Index is the highest level since December. The index has stayed below the 50-year average of 98 for 30 straight months even with this increase. This protracted period of below-average confidence exposes continuous worries among small business owners... Continue Reading
Federal Reserve Considers Rule Change to Save Big Banks Billions
Investigating a rule change that might save the biggest banks in the nation billions of dollars in capital is the U.S. Federal Reserve. This action is directed on the GSIB surcharge, an additional layer of capital applied on globally significant banks. Introduced in 2015 to improve the safety and soundness of the banks, the GSIB surcharge The Fed is debating changing the fixed 2015 values used in this computation. These changes ... Continue Reading
Introduction to Usenet Newsgroups for Investors
In the world of finance, investors worldwide are known for their keen eye on discovering new, reliable resources to stay ahead of the curve. While multiple online platforms promise financial advice, extracting specific information from them is like finding a needle in a haystack.
Luckily for investors, Usenet caters to their needs through structured threads that highlight every aspect of the financial realm in an accessible way.
Regardless... Continue Reading
U.S. Crude Oil Prices Drop Amid Hurricane Beryl Concerns
Monday's U.S. crude oil futures dropped almost 1% as traders tracked Hurricane Beryl's influence. The storm touched Gulf Coast production, refining, and export facilities. On Friday, crude prices closed down but showed a fourth straight weekly increase. Recently the benchmark reached a two-month high of $84.52 per barrel. These prices were taken advantage of by traders, which slightly dropped the market. U.S. oil has gained 15.1... Continue Reading
Surge in Job Scams Fueled by AI in 2023
Consumer reports show a 118% rise in job scams in 2023, a sharp rise. Criminals using artificial intelligence to create appealing employment ads were mostly responsible for this explosion. AI let con artists create more lifelike, appealing employment offers. Usually, these false listings appeared on respectable websites like LinkedIn. This made it more difficult for job seekers to separate actual from false prospects. Criminals masquerading as recruiter... Continue Reading
Wall Street Futures Steady Ahead of Busy Economic Week
Monday's Wall Street futures stayed the same while investors got ready for a big week ahead. Important economic events that could affect market mood will abound in the next days. The possible September rate cut by the Federal Reserve especially interests investors. The most recent employment data has strengthened the conviction that a rate reduction could be just around here. Futures show a 77% probability of this shift right now. Pre... Continue Reading
Exxon Mobil Expects Boost in Q2 Earnings from Oil Prices
Exxon Mobil expects changes in oil prices to significantly increase its second-quarter earnings. Comparatively to the first quarter, the company expects an increase in its upstream earnings between $300 million and $700 million. The expected increase in income can mostly be ascribed to the higher oil prices seen lately. Rising demand and worldwide market patterns help to explain the surge in oil prices. Exxon Mobil can profit from these... Continue Reading