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“Bullish percent” represents the percentage of stocks in a particular index now trading in bullish point-and-figure chart patterns, that old school price analysis that the MBA’s at the big investment firms can’t stop chuckling over. “Oh no, not technical analysis again! Are the tarot cards next? Please!” Fine, let them…
After turning $5,000 in seed money into a billion-dollar empire, buying a Gilded Age estate named Stronghold seemed the right move for fashion mogul Marc Eckō. The wunderkind, a former graffiti artist and pharmacy school dropout, purchased the Bernardsville, New Jersey, castle in 2005. The 20,000-square-foot stone manse and tower…
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Federal student loan interest is set to resume in September, with payment suspensions set to expire not long afterward. President Biden’s Department of Education told FOX Business that pandemic-related suspensions on federal student loans are now set to expire after months of speculation.”Student loan interest will resume starting on September…
Americans facing increasing health care costs are being lured into using alternative debt financing products like medical credit cards and medical installment loans that can come with some costly side effects, the Consumer Financial Protection Bureau (CFPB) said in a report. These alternative debt instruments can carry interest rates above 25%,…
New Zealand’s gross domestic product fell 0.1% in the first quarter, according to government data published Thursday, as its central bank embarked on one of the most aggressive rate hike cycles in the world.The latest data from Wellington marks a technical recession for the economy, after reporting a revised 0.7%…
Attorney General Merrick Garland on Wednesday defended the special counsel who pursued criminal charges against Donald Trump, his first public remarks on the former president’s indictment.Garland, however, declined to go in to further detail about the prosecution of the former president over his handling of classified documents.”As you know, I…
The Federal Reserve is taking its first pit stop after 10 consecutive rate hikes aimed at bringing inflation down from what was a 40-year record high. Fed Chair Jerome Powell said the rate hike pause will give officials more time to evaluate the effects rate hikes have had on the…
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The Federal Reserve’s decision to keep interest rates unchanged and their projection of potential rate hikes later this year have significant implications for the financial markets. As the US central bank responds to a stronger-than-expected economy and a slower decline in inflation, investors are closely monitoring the impact on various asset…