Gold wins as stocks tumble

The stock market on Friday slumped to their worst week since late May. The decline was primarily driven by a sharp sell off on Friday, triggered by the resurgence of trade war concerns. Heading into Friday, the S&P 500 was actually positive for the week and was...

Interest Rate Cut Arrives

On Thursday, the headline August consumer price index (CPI) came in hotter than expected.  CPI advanced to 2.9%, the largest increase since January, after climbing 2.7% in July. Consumer prices increased by the most in seven months in August amid higher costs for...

Labor Market is Cracking

Wall Street ended the week mixed as hopes of more aggressive Fed easing this year were balanced with concerns about a recession as the weakness in the labor market. On Friday, the August jobs report showed an anemic 22K rise in payrolls last month, while revisions...

Tariffs continue to mount

Wall Street on Friday notched a marginal loss for the week, but during the week, the S&P 500 achieved the 19th and 20th record close this year. Nvidia, the world’s largest chipmaker, highlighted the week with its quarterly report. Despite its results...

US Economy is Bending

Wall Street on Friday posted its best week since late June, driven by a combination of a rebound from a weak July jobs report, a surge in tech stocks, a solid batch of quarterly earnings, and hopes of a truce between Russia and Ukraine.   It’s as if nothing happened....