The U.S. dollar managed to gain ground on Friday following the release of key inflation data that aligned with forecasts. Both personal spending and income saw an increase, reinforcing the expectation that the Federal Reserve is set to implement a smaller interest rate cut of 25 basis points in the upcoming month, as opposed to
The Food and Drug Administration has recently granted emergency use authorization for Novavax’s updated protein-based Covid vaccine for individuals aged 12 and older. This approval opens up the competition between Novavax and the well-known Pfizer and Moderna vaccines during the fall and winter seasons. Novavax’s latest vaccine is specifically designed to target the highly transmissible
In the current real estate market, the dream of buying a home seems to be slipping out of reach for many aspiring homeowners. The combination of higher mortgage rates and a limited supply of houses has resulted in soaring prices, making it difficult for buyers to enter the market. According to the National Association of
As we approach September, investors are keeping a close eye on stocks that are showing potential for a bullish trend. Despite a rocky start to August, the market ended on a positive note with gains across the board. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw increases, signaling a possible shift
In a time where interest rates are on a downward trend, investors are seeking ways to generate additional income with their stock portfolios. One strategy gaining popularity is the use of covered call options, also known as call writing. This approach involves selling call options on stocks that an investor already owns, essentially betting that
John Bollinger, a well-known trading expert famous for inventing the Bollinger Bands, made a bold prediction about the price of Bitcoin over two months ago. His analysis back in June indicated that Bitcoin was poised to continue its upward trajectory. However, as we fast forward to the present day, it’s evident that his prediction did
Inflation continued to show signs of easing in the Federal Reserve’s preferred pricing index, setting the central bank up to cut interest rates for the first time in more than four years next month. The personal consumption expenditures, or PCE, index for July came in at 2.5% over the same point last year, according to
The month of August was filled with ups and downs for investors, with a historic surge in volatility catching many off guard. Despite this, some investors were able to capitalize on a brief buying opportunity that presented itself. As we enter September, the S & P 500 is now less than 1% away from its
The U.S. dollar showed some signs of strength on Friday, ending a five-week losing streak as investors awaited the release of key inflation data. The Dollar Index, which measures the greenback against a basket of major currencies, edged 0.1% higher to 101.314 at 04:00 ET (09:00 GMT). This slight uptick came after the dollar reached
The month of August has not been kind to Bitcoin, as the world’s biggest cryptocurrency experienced a steep decline in value. This decline comes at a time when there is caution over an upcoming U.S. inflation reading that is likely to impact the outlook for interest rate cuts. The price of Bitcoin fell 1% to