JSE Declines as Investors Await US Inflation Data
The JSE experienced a decline on Friday morning as global markets remained mixed while investors anticipated the release of the Federal Reserve’s preferred measure of inflation. Oanda senior market analyst Craig Erlam noted a sense of caution ahead of the…
Economic Indicators Pointing Towards Positive Direction for Biden Administration
Three major economic indicators are pointing towards a positive direction, providing a glimmer of hope for President Biden’s administration after a period of economic uncertainty. This shift in the economic landscape comes as a welcome development for the White House,…
Report: Corporate Profits Drive Ongoing Inflation in the US
A recent report by the progressive Groundwork Collaborative thinktank has revealed that high corporate profits are a significant driver of ongoing inflation in the US. The report claims that companies continue to keep prices high despite a drop in their…
JPMorgan Chase CEO Expresses Caution About Future of U.S. Economy
Jamie Dimon, the CEO of JPMorgan Chase, has expressed caution about the future of the U.S. economy in the years 2024 and 2025. In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Dimon highlighted several powerful…
Coalition Overtakes Labor in Latest Federal Voting Intention Poll
Roy Morgan’s latest Federal voting intention poll has revealed a shift in the political landscape, with the Coalition overtaking Labor as the Cost-of-Living crisis intensifies. According to the survey, the L-NP stands at 51% (up 1%) while the ALP is…