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UBS Urges Caution Despite Positive US Economic Data

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UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait … Read more

JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach

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Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance … Read more

Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

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The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation … Read more

China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets

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According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its holdings against the United States. China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets China has significantly … Read more