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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

The possibility of a recession is causing turbulence in the…

2 min read

The probability of a recession is uncertain and cannot be accurately predicted. Goldman Sachs has increased the probability of a U.S. recession to 25%. JPMorgan predicts a 35% probability of a certain event commencing before the end of the year. The following analysis presents the assessment of five highly monitored market indicators about the likelihood...  Read more

Nasdaq rises on megacap increase as markets evaluate payrolls.

2 min read

Friday’s mixed payrolls report left the Dow and S&P 500 in limbo as investors analyzed the Federal Reserve’s policy easing pace. Megacap tech giants buoyed the Nasdaq. Futures increased after the U.S. Labor Department’s carefully awaited data revealed the unemployment rate jumped to 4.1% in June, contrary to estimates of 4%. In June, non-farm payrolls...  Read more

Dollar-yen at 38-year high; US equities gain

2 min read

While major U.S. stock indexes rose on Wednesday, the U.S. dollar achieved its highest level versus the Japanese yen in almost 38 years, raising market concern that Japan may intervene to support the currency. Authorities were “seriously concerned and on high alert” about the yen’s fast slide, said Masato Kanda, Japan’s senior currency ambassador. The...  Read more