5 things to know before the opening of the Stock Exchange Thursday, May 19

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open lower after worst day since 2020 on inflation concerns A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., May 18, 2022. andrew kelly | … Read more

Retailers call out Visa and Mastercard over fee hikes that could worsen inflation

Last month, the two credit card companies raised their interchange rates or the fees that merchants pay for each credit or debit card transaction. These so-called “swipe fees” are then paid to the card-issuing bank but are largely invisible to the consumer. However, some retailers say the additional fees will force them to raise their … Read more

EXPLAINER: Why is Wall Street close to a bear market?

NEW YORK (AP) — Bears rumble toward Wall Street. The stock market’s slippage this year has brought the S&P 500 closer to what is known as a bear market. Rising interest rates, high inflation, war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay for … Read more

China is the second largest bitcoin mining hub as miners go underground

In September 2021, China accounted for just over 22% of the total bitcoin mining market, according to research from the University of Cambridge. Paul Ratje | The Washington Post | Getty Images Bitcoin miners are not giving up in China despite Beijing banning the practice. China was once the world’s largest crypto mining hub, accounting … Read more

Market Mayhem and Bitcoin Low Price Call

Watch this video on YouTube or Rumble Listen to the episode here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream team, discuss macro developments regarding bitcoin. Topics include the Fed’s recent 50 basis point rate hike, a look at the consumer price index (CPI) – the episode … Read more

Most Australians have money in the financial markets, but now may be a particularly risky time to invest

The vast majority of Australians have money invested in the financial markets, whether we think about it regularly or not. From working-age Australians to super young investors new to the market and trading on apps, or those who will never own property – millions of Australians are actively engaged in investing. Indeed, of those who … Read more

Musk and Bezos agree on who is responsible for inflation

It’s rare to see Elon Musk and Jeff Bezos agree on things. The former is the richest man in the world with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk … Read more

The Fed has a new plan to avoid the recession: party like it’s 1994

Earlier this month, Federal Reserve Chairman Jerome Powell announced a half-percentage-point hike in interest rates, the biggest hike in more than two decades. Powell also signaled he wouldn’t hesitate to do it again – a move straight out of the central bank’s playbook of 1994, when the Fed last tempered the US economy and pulled … Read more

Asian stocks mix as markets watch US interest rates and prices | Economic news

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian stocks traded mixed on Monday as investors watched soaring energy costs and prospects for U.S. interest rate hikes. Benchmarks rose slightly in Japan and Australia, while they fell in South Korea and China. Some analysts worry that if the US Federal Reserve raises interest rates … Read more

Inflation proves Biden did everything wrong at once

Our increasingly ugly inflation problem is a perfect illustration of the Biden administration’s uncanny ability to do everything wrong everywhere at once. The Biden administration’s first response to any problem is to pretend it’s not a problem. This is how inflation went from a minor problem to a major problem. Unwilling to take the necessary … Read more