by New Momentum | May 17, 2023 | News
Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint 📌U.S. stock indexes closed lower on Tuesday due to several factors impacting investor sentiment. The Dow Jones Industrial Average declined by 1.01% (336.46 points), the S&P 500 dropped by... 
by New Momentum | May 10, 2023 | News
Ireland considers new sovereign wealth fund for corporate tax revenue 📌 Ireland is considering using its skyrocketing corporate tax receipts to create a new sovereign wealth fund, according to Finance Minister Michael McGrath. The fund would act as a « longer-term... 
by New Momentum | May 5, 2023 | News
Federal Reserve raised interest rates by 25 basis points 📌 The Federal Reserve announced on Wednesday the new interest rates. These rates increased as expected by 25 basis points from 5% to 5.25%. As a result of this increase, the U.S. central bank no longer expects... 
by New Momentum | Apr 26, 2023 | News
First Republic Bank’s share price fell by 50% after quarterly results 📌 After the collapse of Silicon Valley Bank and Signature Bank in March, it is now First Republic Bank that is facing major difficulties. In fact, on Monday, First Republic Bank’s... 
by New Momentum | Apr 19, 2023 | News
Cocos market is back on the move 📍 The AT1 bond market is once again gaining momentum among banks. After several central banks criticized the procedure followed with Credit Suisse CoCos by FINMA and Swiss National Bank, a large Japanese bank (Sumitomo Mitsui Financial...
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