In a surprising turn of events, US retail sales surged 0.7 percent in November, surpassing analysts’ expectations and continuing an upward trend that began in October. This positive development, as reported by the Commerce Department’s Census Bureau, demonstrated a robust economic environment heading into the year-end holiday season. Previous results showed an upwardly revised 0.5 […]
Amazon Urged to Adopt Bitcoin Strategy: A Move Towards Modern Financial Practices
As the financial landscape undergoes significant transformation, major corporations are increasingly reevaluating their strategies to adapt to new economic realities. Recently, Amazon has come under pressure to incorporate Bitcoin into its business model. This suggestion, which is set to be a key agenda item in the company’s upcoming shareholder meeting in April 2025, revolves around […]
The Era of Big Price Hikes Is Over, Giving Comfort to the Fed
In recent months, retailers across the United States have begun to recognize an essential shift in consumer behavior as they grapple with the consequences of price hikes imposed during the pandemic. Distinct from the inflationary pressures of the past, the current landscape reveals a growing consumer fatigue with persistent price increases, prompting businesses to recalibrate […]
Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy
On September 18, 2024, the Federal Reserve made headlines by lowering its benchmark interest rate by half a percentage point, a bold move aimed at stabilizing the United States labor market amidst mixed economic signals. The decision, grounded in an intense two-day meeting, reflects a broader strategy to maintain economic strength while curbing inflation rates. […]