News of New York

Euro Stable as Eurozone Avoids Recession, Dollar Softens Before Fed Decision
30 January 2024
4338
Eurozone Escapes Recession The euro stabilized on Tuesday following the release of data indicating that the eurozone narrowly avoided a technical recession in the fourth quarter. Conversely, the U.S. doll...
Negative Impact of Increasing Loan Rates on High-Risk Businesses
27 September 2023
4179
Financial Turmoil Two years ago, Petco secured a substantial $1.7 billion loan at a seemingly reasonable 3.5% interest rate. However, today, that rate has nearly doubled to around 9%, creating financial turmoil for the pet-products retail giant. A s...
Market Update: U.S. Economy's Resilience Lifts Stocks Slightly Higher
27 June 2023
4030
Market highlights It start with a brief overview of the market conditions, mentioning the slight gains in September E-Mini S&P 500 futures (ESU23) and Sep Nasdaq 100 E-Mini futures (NQU23) this morning. U.S. Durable Goods Orders Report: Highli...
Jim Cramer Predicts Market Contraction as Federal Reserve Halts Rate Hike
15 June 2023
4240
Fed's Pause Sparks Panic Selling Jim Cramer, a renowned CNBC expert, provided valuable investor insights on Wednesday concerning the recent Federal Reserve meeting. The Fed's announcement of a temporary rate hike pause, along with indications of pot...
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