Power Trading Tips

U.S. stocks extended losses Thursday after the Federal Reserve’s latest policy announcement and subsequent remarks from Chair Jerome Powell sent markets into disarray. Read More… It’s Every Nation for Itself as Dollar Batters Global Currencies Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that

The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. Read more… Existing home sales fall for 7th straight month Sales of previously owned homes declined for the seventh straight month in August, as rising mortgage rates priced

It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday. Read more… Housing starts: ‘Collapse in single-family permits is the real story’ A steep drop in building permits in August overshadowed the better-than-expected rise

More builders are lowering prices for homes as their confidence in the market continues to tumble. Read more… Volkswagen targets 75 billion euro valuation in landmark Porsche IPO Volkswagen is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s

FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. Read more… Biden outlines plans for crypto regulation, citing risk of fraud US government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on

Spending at retail stores inched higher in August as the price of gasoline fell, but demand remained muted as consumers continue to confront scorching-hot inflation. Read more… Weekly jobless claims fall for fifth-straight week, showing resilient labor market The number of first-time claims for unemployment benefits fell again last week, setting a new three-month low