Despite expectations to the contrary, the US dollar has surprised analysts and investors alike by bouncing back around 2% over the last month. The prevalent consensus was that the dollar would fall, driven by cooling U.S. inflation and the possibility of the Federal Reserve pausing its interest rate hikes. Yet, the greenback has defied this…
The dollar gained strength on Wednesday as investors sought its safe-haven status amidst concerns over a potential U.S. debt default. Additionally, traders adjusted their expectations of an imminent interest rate cut by the Federal Reserve following encouraging U.S. consumer spending data. Negotiations between U.S. President Joe Biden and Republican congressman Kevin McCarthy inched closer to…
As debt-ceiling negotiations and economic data point to potential challenges ahead, investors seek guidance to navigate the volatile market. Wall Street investing legend Steve Cohen, Chairman and CEO of Point72, has amassed a fortune through a high-risk/high-reward strategy. Monitoring Cohen’s latest stock purchases can provide valuable insights, and two of his recent positions have also…
Amidst the looming debt ceiling crisis, President Joe Biden and congressional leaders have convened to address the urgent matter. However, uncertainties persist, casting a shadow over the path to a potential agreement. Significant gaps remain between both sides on crucial issues, and Treasury Secretary Janet Yellen has issued a warning that the government may struggle…