Why Altcoins Surged Ahead by Double Digits This Week
Looming rate cuts and better-than-expected economic developments have fueled demand for riskier assets.
Why Opera Stock Surged Again Today
The web browser developer's stock soared this week, and is now up 22% year to date.
IMF's Gourinchas says right for US to cut rates though inflation risk not gone
The imminent rate cuts planned by the U.S. Federal Reserve are "in line" with International Monetary Fund advice that has put a premium on ensuring inflation was controlled but now sees risks shifting toward the labor market, IMF economic counsellor Pierre-Olivier Gourinchas said on Friday. "What was telegraphed by (Fed chair Jerome) Powell today is very much in line with what we've advocated," Gourinchas said on the sidelines of a Kansas City Fed economic conference. "Inflation has been improving and labor markets have shown signs of cooling ... If labor markets are not contributing to inflation pressures anymore ... then you might ease a little bit on cooling aggregate demand and bring (the policy rate of interest) back closer to neutral."
1 Growth Stock Down 12% to Buy Right Now
Investors can buy one of the world's best businesses at a reasonable valuation.
Brazil stocks higher at close of trade; Bovespa up 0.50%
Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Real Estate, Consumption and Public Utilities sectors led shares higher.
Roku Stock Rallies After Upgrade From Guggenheim Analysts, Citing Monetization Efforts
Roku shares popped Friday after analysts at Guggenheim reportedly upgraded the stock to "buy" from "neutral," citing improving monetization efforts.
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