Mark Tesierrabeen was highly regarded in academia for his brilliant research achievements. The Rhodes Scholar turned neuroscientist is known for his groundbreaking research into the causes of Alzheimer’s disease. Due to his achievements, he became the president of Stanford University in the United States and made a great contribution to collecting donations from Silicon Valley. … Read more
In the trading on the 13th of New York time, the price of crypto assets (virtual currency) rose across the board. In a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs, which issues XRP (Ripple), it is said that if XRP is sold to general investors, it does not correspond … Read more
More than four months after the announcement of the production cut, Russia’s seaborne crude oil supply is finally starting to show signs of a decline. Ship-tracking data monitored by Bloomberg and confirmed by other data sources showed that crude exports from western Russian ports rose from February through late June, but fell in the four … Read more
The Federal Open Market Committee (FOMC) will need to raise interest rates further this year to keep inflation below its target, three officials said on Monday. “Inflation is still far too high,” Federal Reserve Vice Chairman Barr said at a meeting at the Washington think tank Bipartisan Policy Center (BPC). “We have made a lot … Read more
With some U.S. bond yields jumping to more than a decade highs last week, investors’ focus has begun to shift to what’s next at the Federal Open Market Committee’s July meeting. Bond markets have now almost fully priced in a 0.25-point rate hike at the 25-26 FOMC meeting on the latest economic data. ‘Green light’ … Read more
U.S. bond traders are preparing for a turbulent week. The U.S. jobs report, due out Wednesday, could push 10-year Treasury yields higher toward the 4% level that market watchers expect to lure investors into the Treasury market. On June 29, the U.S. Treasury market saw an upward revision to the confirmed value of U.S. real … Read more
The China-Driven Metals ‘Super Cycle’ Is Over, Jefferies Says In a recent note, Jeffries, a global investment banking firm, has stated that the days when China fueled demand for metals like copper, aluminum, and iron ore are over. Analysts led by Christopher Rafemina believe that long-term demand will now be dominated by the United States … Read more
Title: Florida’s Housing Market Sees Cooling Trend After Pandemic Boom Introduction: Florida’s housing market, which experienced a frenzy during the coronavirus pandemic, is now showing signs of cooling off. The state’s single-family home prices have remained flat year-over-year for the first time since 2011, following a significant rise of nearly 50% over the past three … Read more
In the United States, the consumer price index (CPI) for May will be released on the 13th. The central bank’s CPI is expected to signal that underlying price pressures remain persistent, even as the Fed uses different inflation measures to target the 2% target. The core index, which excludes volatile food and energy, is expected … Read more
Last week, U.S. unemployment claims rose to their highest level since October 2021. It suggests that the increasing number of corporate layoff announcements may have started to lead to actual job cuts. Key Point Initial jobless claims for the week ending June 3 increased by 28,000 from the previous week to 261,000 The increase from … Read more