Here's the latest from Bessent:
- The Fed should be looking at data
- Fed should keep going with cutting cycle
Here's the latest from Bessent:
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Retail traders ditch Big Tech for SpaceX IPO, fueling $70B+ demand. Chip stocks feel the heat.
SpaceX IPO demand tops $70B! Retail dumps Big Tech, raising cash for the rocket giant's potential listing.
US PPI jumps 1.1% in May, driven by Iran oil shock. Yearly gain hits 6.5%, highest since Nov '22.
US PPI jumps 6.5% on energy costs! Wholesale inflation up 1.1%, gold hits $4,062. Traders watch oil shock.
Japan eyes 20% crypto tax cut & securities-style rules. Potential for ETFs, but regulatory risks remain.
Wholesale prices jumped 1.1% in May, fueling inflation fears. Energy costs are the main driver.
World Cup distraction? Retail FX volumes surged 23% in 2014, while pros saw 8.5% drop.
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