Author: starbpo

In an effort to slow down rising housing costs, President Joe Biden wants to limit rent increases across the country to 5%. However, housing experts say this would not work. The White House said on Tuesday that Biden’s proposed policy would limit how much landlords can raise rents. It is against the rules for landlords to take advantage of faster depreciation write-offs if they raise rents by more than 5%. The rule will only apply to landlords who own more than 50 units, which the government says is about half of all rental properties. It will be in place for…

Investors’ reactions to what seemed to be an attempt to kill former President Donald Trump on Sunday night were a test of their knowledge of a dark day in U.S. history. So far, the event wasn’t making people rush to safe investments like gold and Treasury bonds. In its place, investors might think about how the shooting at a Trump campaign rally in Pennsylvania on Saturday will affect the race between Trump and Vice President Joe Biden. But the market didn’t react right away. On Sunday night, U.S. stock index futures traded flat to slightly higher. «This is a terrible…

Monday, Burberry shares dropped after the U.K. luxury fashion group said it would cut its dividends and issue a profit warning. It also said it would be replacing its CEO. In a trading update, the company that makes the famous trench coat BRBY, -17.05% talked about a “disappointing” fiscal first-quarter 2025. Burberry said that its retail sales dropped 22% year-over-year to £458 million ($593 million) in the 13 weeks ending in June. Comparable same-store sales fell 21% from an 18% rise the previous year. The report said that currencies were a 2% headwind. Gerry Murphy, the chair of Burberry, said…

BANGKOK — The Chinese government said Monday that the economy grew at a slower-than-expected 4.7% annual rate in the last quarter. However, they pointed out that factory output, income, and investment were all getting better. There was a lot less growth than the 5.3% annual rate seen in the first quarter of the year. If you remember, growth slowed down a lot during the COVID-19 pandemic. The National Bureau of Statistics said that this year’s progress was “hard won.” The statement said, “Since the start of this year, the global economy hasn’t been growing quickly, inflation is high, and there…

Thursday is when Netflix Inc. reports its second-quarter results. More and more people on Wall Street think that the company has pretty much won the streaming wars. Analysts thought it would stay the winner for that quarter. What will a company do next that keeps making money and selling lots of things? Nvidia stock NFLX, -0.79% has gained about 33% so far this year. That’s better than a lot of its old- and new-media competitors, some of whom have had trouble keeping up as they try to make money from their own streaming platforms after years of aggressive growth. Netflix’s…

Bitcoin is rallying towards the $64,000 mark, sparking anticipation of a potential record high, but traders are preparing for a bumpy ride ahead. After a volatile trading session that saw Bitcoin briefly spike to $63,968 before a rapid pullback, the cryptocurrency is showing signs of recovery, rising as much as 5.12% to $63,649. The recent surge is attributed to substantial net inflows into US Bitcoin exchange-traded funds, surpassing $7 billion this week. This momentum invites comparisons to the environment preceding Bitcoin’s all-time high of nearly $69,000 in November 2021, raising questions about whether the current rally marks the beginning of…

A recent Reuters poll indicates that despite escalating tensions in the Middle East, the dynamics of the global oil market are poised to keep prices in check, hovering around the current $80 per barrel mark. Surveying 40 economists and analysts, the consensus forecast for Brent crude averages $81.13 per barrel in 2024, a slight decrease from January’s $81.44 projection. U.S. crude forecasts also witnessed a minor adjustment to $76.54 a barrel. Experts suggest that the conflicts in the Middle East, including recent Red Sea disruptions by Yemen’s Houthis, are unlikely to significantly impact oil shipments due to the availability of…

Will the picture of a bloody Donald Trump raising his fist after almost being killed become the symbol of his campaign to stay in office? That’s the question some people are asking after seeing this picture on the front page of every newspaper on Sunday and as T-shirts with the picture are already being sold online, just like they were with the former president’s mug shot. Trump was hurt when someone opened fire at a rally in Butler, Pennsylvania, on Saturday. One person was killed and two others were seriously hurt. Some people also think that Trump’s campaign for president…

Because inflation is starting to drop, the U.S. central bank can finally do what investors have been waiting for all year: lower interest rates. This will be the first time since March 2022 that rates were raised more quickly than ever before. Inflation needs to be beaten decisively, but the world’s largest economy needs to stay out of recession or at least avoid a deep and long-lasting one. This seems like an impossible task for the Federal Reserve and Chairman Jerome Powell. Investors have a lot at stake now that U.S. stocks have hit more record highs over the past…

After a mostly dull beginning to the year, U.S. small-cap stocks look like they’re about to take off in the second half of 2024. This week, a lot of investors sold big-cap tech stocks and put their money into rougher parts of the market. This was done because new data showing that inflation is going down made people bet that the Federal Reserve will start cutting interest rates this fall. Market strategists told BourseWatch that the fact that small-cap stocks have done better than the overall market is likely just a natural shift into the sector that isn’t doing as…