Cathie Wood denounces Tesla’s withdrawal from the S&P 500 ESG index

Ark Invest founder and famous Tesla bull Cathie Wood has joined company boss Elon Musk in criticizing the S&P 500’s decision to remove the electric car maker from its market-tracking stock index. most sustainable and socially responsible companies. Tesla was removed from the S&P 500 ESG Index – short for “environmental, social and governance” – … Read more

US home sales fell again in April as prices hit a new record high

The median home price in April was a record $391,200, up 14.8% from a year ago, according to a report from the National Association of Realtors. Although price growth was robust, it was slower than in recent months and determined buyers stretched their budgets to buy a home before mortgage rates climbed further. The price … Read more

What stagflation means and what Biden could do about it

Some warn that the Federal Reserve’s efforts to slow inflation could potentially return the US economy to the unusual situation it found itself in during the 1970s and early 1980s: stagflation. The big picture: Despite high inflation, the US economy is doing well – with an unemployment rate of 3.6% in April – close to … Read more

Crypto Slowdown Is ‘Warning Warning’ For Investors, Says CEO

If you think stock returns have been tough lately, take a look at the crypto market. Fair warning: you might want to look through your fingers. Bitcoin, the largest cryptocurrency by market capitalization, is currently trading below $30,000 per token, from a high of nearly $68,000 in November 2021. Ether, the cryptocurrency associated with the … Read more

US economy could head into recession next year, banks and economists say

Placeholder while loading article actions The U.S. economy could be heading for a recession next year, according to mounting warnings from banks and economists, as a sudden bout of economic pessimism hits financial markets that had been counting on sustained economic momentum. Although large parts of the economy – including the labor market and consumer … Read more

Europe has a $221 billion plan to ditch energy from Russia

Presenting its “REPowerEU” plan on Wednesday, the European Commission said it would try to reduce consumption of Russian gas across the bloc by 66% by the end of this year – and completely break its dependence before 2027 – saving energy, finding alternative sources. and accelerate the transition to renewable energy. “We are taking our … Read more

What does this mean for investors as the pair approaches parity?

The euro sign sculpture stands in front of the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is approaching parity with the US dollar for the first time in 20 years, but currency strategists are divided on whether it … Read more