U.S. CPI Rose in July
The U.S. Consumer Price Index (CPI) rose 0.2% in July compared to the previous month, with the 12-month cumulative annual growth rate of 3.2%, up 0.2% point from 3.0% in June, the U.S. Department of Labor said on the 10th....
Major Wall Street Firms Eyeing Bitcoin Funds in Bid to Attract Investors
Big Wall Street firms are lining up to launch bitcoin funds, including Fidelity Investments, BlackRock, Invesco, and WisdomTree. These companies are seeking approval to introduce exchange-traded funds (ETFs) that invest in bitcoin. If approved, these ETFs could attract mom-and-pop investors...
British Billionaire Joe Lewis Faces Insider Trading Charges
Joe Lewis, the British billionaire and owner of the Tottenham Hotspur football club, has been accused of insider trading by the United States Attorney's Office for the Southern District of New York. According to the office, Lewis engaged in an...
Individual Investors Gain Benefits from Highest Interest Rate
The Wall Street Journal (WSJ) reported on the 30th (local time) that the highest level of interest rates in more than 20 years is becoming an unexpected blessing for individual investors. The yield on three-month and six-month government bonds has...
ECB Raised Interest Rate by 0.25%p
The European Central Bank (ECB) raised its interest rate rate by 0.25 percentage points (p) as expected. It is the ninth consecutive increase. However, leaving options open on whether to raise interest rates further in September, suggesting that the ECB...
US Consumer Confidence Index Hit 2 Year High
The U.S. consumer confidence index hit a two-year high in July amid eased inflation and the U.S. economy showing resilience despite high interest rates. According to the Associated Press on the 25th (local time), the U.S. Conference Board announced that...
US Inflation Slowdown is Steeping
There are a series of indicators that the slowdown in inflation in the U.S. is getting steep. The U.S. Department of Labor announced on the 13th (local time) that the Producer Price Index (PPI) rose 0.1% in June from the...
Oil Prices Hit New High in 70 Days
With the U.S. Energy Information Administration (EIA) predicting that global crude oil supply will fall slightly short of demand this year, international oil prices hit a new high in more than 70 days. According to Reuters and Bloomberg on the...
Global Stock Markets Tumble as Rate Hike Concerns Grow
The stock markets in Europe and Asia experienced significant declines on Friday as investors grew increasingly anxious about the possibility of central banks implementing more interest rate hike, which could potentially push major economies into a prolonged recession. Leading the...
401(k) Plans’ Popularity Drives Impacts on Stock Market
Rising Numbers of Americans Embrace 401(k) Plans as Retirement Savings Surge. A notable shift in the investment landscape has occurred as more Americans than ever prioritize saving for retirement, primarily through 401(k) plans. This trend has led to the consolidation...
Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.