#USInflation #DisneyResults #BABA_Results US Inflation Experiences a Modest Uptick while Core Inflation Continues to Slow Down US Core Inflation Rates What Happened? Inflation in the United States experienced a modest uptick in July, marking a reversal from 12 consecutive months of decline. The broader measure of consumer prices climbed by 3.2% compared to...

#USRating #AMZN_AAPL #ChinaPrivateSector Fitch downgrades United States, but no major impact anticipated US credit ratings from various agencies What Happened? In a significant move, Fitch Ratings, one of the major credit-rating agencies, downgraded the United States government's credit worthiness from AAA to AA+. This decision marks the second time in recent years that...

#TechEarnings #RateHike #SingaporeInflation Major tech companies publish Q2 results Returns chart for major Tech Stocks (Source: Google Finance) The second quarter of 2023 saw the Magnificent Seven tech giants - Meta, Alphabet, Microsoft, and Tesla - release their earnings reports, showcasing their performances and growth strategies in the current economic landscape. Meta, formerly...

In this series of company deep dives, we analyse some of the world’s most prominent and impressive companies – with the aim of unpacking what makes them great. These deep dives will ultimately help investors make more informed trading decisions as well as get a better understanding of the...

#RecessionFear #Netflix_Tesla_JNJ #BankEarnings Goldman Sachs cuts probability of recession to 20% Probability of recession (Source: Wall Street Journal) What Happened? Amidst the ongoing debate about the possibility of a U.S. recession, Goldman Sachs has made a notable move by reducing the chances of an economic downturn. Jan Hatzius, the chief economist at Goldman...

#CryptoVictory #USInflation #EarningsSeason Ripple Lab’s victory over SEC XRP Price chart (Source: Google Finance) What Happened? In a significant legal victory for the cryptocurrency industry, Ripple Labs Inc has been ruled not to have violated federal securities law by selling its XRP token on public exchanges. The decision was made by U.S. District...

#USJobMarket #Meta_Twitter #ChinaExports US Job Market reports for June give mixed signals US Private Employment (Source: ADP) What happened? Private employers in the United States added a significant number of jobs in June, surpassing expectations and indicating a robust job market. According to the private payroll supplier ADP, 497,000 new jobs were created...

#US_GDP #Yen/USD #NikeResults US GDP revised upwards, job market shows strength US GDP growth rates (Source: TRADINGECONOMICS.COM) What happened? In a recent development, the US first quarter GDP growth has experienced a significant upward revision, surging to 2%. Adding to the economic landscape, a separate report released recently revealed a decrease in initial...

#PowellTestimony #UKInflationShock #AlibabaCEO Powell testifies before the House Financial Services Committee  Unemployment Rate in The USA (Source: TRADINGECONOMICS.COM) What Happened? Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee, providing his semiannual report to Congress. Following the central bank's recent pause in its aggressive rate-hiking campaign, Powell emphasized that the...

#NoRateHike #AdobeResults #TeslaGains Topic #1: Fed keeps the interest rates at the same level Fed Fund Rate (Source: TRADINGECONOMICS.COM) What Happened? After 10 successive rate hikes, The US Federal Reserve delivered a widely expected decision by pausing its series of aggressive interest rate hikes. However, the central bank surprised many with its hawkish...