Market News

Former Federal Reserve Bank of Kansas City President Esther George’s Insights on the Fed’s Recent Actions Former Federal Reserve Bank of Kansas City President Esther George recently discussed the Federal Reserve’s decision to cut interest rates by 50 basis points, the central bank’s potential to reduce its balance sheet, and the factors contributing to her…

Tiffany Wilding Discusses Pimco’s Cyclical Outlook Economic Analysis for the Next 12 Months Tiffany Wilding, economist at Pacific Investment Management Co. (Pimco), recently shared her firm’s cyclical outlook for the next 12 months. According to Wilding, the United States is on track to achieve a soft landing despite concerns over deficits. She also predicts that…

An 18-year-old Nepali mountaineer breaks record for youngest to summit all 14 8,000-metre peaks Nima Rinji Sherpa accomplishes incredible feat An 18-year-old Nepali mountaineer named Nima Rinji Sherpa has made history by becoming the youngest person to summit all 14 of the world’s 8,000-metre peaks. Nima Rinji Sherpa reached the summit of Tibet’s 8,027-meter-high Shisha…

Market Skepticism Fuels the Bull Market Timing the Market: A Recipe for Costly Mistakes Constant bearish forecasts can lead to costly mistakes for investors who sell on false premises. It’s easy to fall into the trap of trying to time the market perfectly, but history has shown us time and time again that this is…

The Impact of Hurricane Milton Preliminary Estimates The impact of the powerful Hurricane Milton on the west coast of Florida, where it will probably land on Wednesday night, could cause financial damages of up to 175 billion dollars (almost 160 billion euros), according to preliminary estimates. While it is too early to estimate insured losses,…

Unlocking the Power of Global Connections: The Impact of Foreign Social Media Description Foreign influence campaigns, or information operations, have been widespread in the run-up to the 2024 U.S. presidential election. Influence campaigns are large-scale efforts to shift public opinion, push false narratives or change behaviors among a target population. Russia, China, Iran, Israel and…

Clever, Personable, and Unconventional: A Peek into the Crude Oil Market Goldman Sachs Reports Decline in Geopolitical Risk Premium Indicators Traders Analysis of Middle East Conflict and Bearish Demand Expectations Last week, Goldman Sachs reported a slight decline in geopolitical risk premium indicators for the crude oil market. This news follows a surge in Brent…

62 years of Independence, 124 years since land rights were “colonised” As we gather at the Busikho Teachers Demonstration Primary School Grounds in Masafu Town Council, Busia District, to celebrate this year’s (62nd) Independence day under the theme: “Independence Day: A Re-commitment to Secure and Fortify Our Destiny”, it’s noteworthy that the occasion comes exactly…