Top 10 Most Recent Blog Posts

Analyst Predicts Severe US Recession by Early 2025 - Article Image

Analyst Predicts Severe US Recession by Early 2025

Category: Economy Total Views: 10
By : Ryan Hughes Updated: 07-02-2024
Analyst Predicts Recession for US Economy by Early 2025 Early 2025 sees a U.S. recession predicted by Peter Berezin of BCA Research. He thinks the economy will drastically deteriorate, even with recent strength. A declining labor market is what determines this recession forecast. A major economic driver, consumer spending, is expected to decline as job growth slows. This cut in spending could cause the economy to slide into recession. Berezin bases his recession projection on present marke... Continue Reading
Zeekr Sets New Record for Electric Car Deliveries in June - Article Image

Zeekr Sets New Record for Electric Car Deliveries in June

Category: Business Total Views: 82
By : Evelyn Baker Updated: 07-01-2024
Zeekr Achieves Record Deliveries in June In June, Zeekr, a Chinese electric car company, delivered a record 20,106 vehicles. This resulted in 87,870 vehicles for their first half of 2024 total deliveries. Among Chinese companies listed on American stock that solely offer pure electric cars, Zeekr leads. Their outstanding performance ranks them just slightly ahead of Nio. In U.S. trading overnight, Zeekr shares dropped 3.2% despite the record deliveries. This drop happened even though the busi... Continue Reading
IRS Enhances Crypto Tax Compliance with New Rules - Article Image

IRS Enhances Crypto Tax Compliance with New Rules

Category: Crypto Total Views: 124
By : Thomas Cooper Updated: 07-01-2024
Introduction to the New IRS Guidance on Crypto Tax Reporting The IRS has published final guidelines for digital asset brokers' tax reporting. These guidelines reflect an attempt to guarantee compliance among high earners. Yearly reporting will become required beginning in 2026. Using Form 1099-DA, digital currency brokers must report gross sales proceeds in 2025. Brokers have to include the cost basis for some sold digital assets by 2027, based on 2026. This direction seeks to stop taxabl... Continue Reading
AI Enthusiasm Boosts First-Half Market Performance - Article Image

AI Enthusiasm Boosts First-Half Market Performance

Category: Markets Total Views: 118
By : Hannah Lewis Updated: 07-01-2024
Nasdaq Composite Hits Record High Monday brought higher stocks; the Nasdaq Composite closed at a record. Setting a new closing high, the tech-heavy index progressed 0.83% to end at 17,879.30. This signifies the ongoing great momentum observed in the first half of 2024. Gains in key technology stocks drove the rise. Investors still see great possibilities for the tech industry. Developments in artificial intelligence and other futuristic technologies have stoked this hope. The way the Nasdaq p... Continue Reading
Maersk Faces Fleet Challenges Amid Red Sea Disruptions - Article Image

Maersk Faces Fleet Challenges Amid Red Sea Disruptions

Category: Business Total Views: 136
By : Lucas Young Updated: 07-01-2024
Ongoing Red Sea Disruptions Impacting Q3 Shipping The Red Sea has evolved into a hotspot for disturbances influencing container traffic into the third quarter. Leading Danish shipping company Maersk has been especially affected by these difficulties. The disturbances result from actions of Iran-aligned Houthi militants, which raises security issues. Shipping firms have been obliged by this to change their paths, avoiding the Red Sea. Travel times on the longer alternative path around Cape of ... Continue Reading
GameStop Stock Manipulation Lawsuit Targets Keith Gill - Article Image

GameStop Stock Manipulation Lawsuit Targets Keith Gill

Category: Stocks Total Views: 163
By : Dylan Bailey Updated: 07-01-2024
"Roaring Kitty" Faces Lawsuit for Alleged GameStop Manipulation Known online as "Roaring Kitty," Keith Gill is under legal hot fire for allegedly manipulating GameStop's stock. Gill's activities, according to investors, amounted to a "pump-and-dump" tactic resulting in notable financial losses. Gill is being sued for securities fraud in the Brooklyn federal court. Lead by Martin Radev, the plaintiffs claim that Gill's actions between May 13 and June 1... Continue Reading
Improved Housing Supply Limits New Construction Growth - Article Image

Improved Housing Supply Limits New Construction Growth

Category: Real Estate Total Views: 121
By : Olivia Taylor Updated: 07-01-2024
Unexpected Decline in U.S. Construction Spending in May Unexpectedly declining U.S. construction spending in May signaled a change in the market. The Census Bureau of the Commerce Department noted a 0.1% drop. This drop came after an upwardly corrected 0.3% increase in April. For May, economists had projected a 0.2% rebound. This surprising decline begs problems regarding the stability of the market. A big part was played by higher mortgage rates. They influenced general construction confiden... Continue Reading
Banking Stocks Propel Dow as Semiconductor Shares Decline - Article Image

Banking Stocks Propel Dow as Semiconductor Shares Decline

Category: Markets Total Views: 157
By : Owen Jenkins Updated: 07-01-2024
Banking Stocks Propel Dow, Semiconductor Shares Drag Nasdaq Monday's Dow rose with banking stocks, while the S&P 500 banking index surged 1.3% to its highest in more than a month. JP Morgan Chase's all-time high for shares helps to explain the index's climb. As U.S. Treasury yields peaked in more than two weeks, this increase in banking stocks followed. Strong financial performance and positive economic data have investors hopeful about the banking industry. The increase in Tr... Continue Reading
Lower Factory Input Prices Signal Inflation Relief - Article Image

Lower Factory Input Prices Signal Inflation Relief

Category: Economy Total Views: 112
By : Dominic Sanders Updated: 07-01-2024
U.S. Manufacturing Sector Contracts for Third Consecutive Month June's U.S. manufacturing sector contracted for the third month running. From 48.7 in May, the Institute for Supply Management (ISM) recorded that its manufacturing PMI dropped to 48.5 in June. A PMI reading less than fifty suggests contraction. Ten percent or so of the U.S. economy is manufacturing. Economists had projected a small rise in the PMI to 49.1. Main causes of this drop are rising interest rates and declining dema... Continue Reading
Boeing's Future Contracts at Risk with Fraud Charges - Article Image

Boeing's Future Contracts at Risk with Fraud Charges

Category: Business Total Views: 119
By : Riley Hayes Updated: 07-01-2024
U.S. Justice Department to Charge Boeing with Fraud Two deadly 737 MAX aircraft crashes will result in criminal charges against Boeing by the US Justice Department. In 2018, and 2019, there were two crashes that claimed 346 lives. Prosecutors intend to present a plea deal with an independent monitor and a monetary fine. The monitor will spend three years auditing Boeing's compliance and safety procedures. Boeing needs to choose between a trial and a guilty plea. We'll present the plea... Continue Reading