Boosting Your Financial IQ

Financial and Economic News: January 31, 2024


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Major stories developing on the global economic front, including:

  • Iran-Backed Missiles Make Economic Impact
  • Evergrande, Nevermore
  • China Races to Rescue Economy
  • Naked & A Fraud: South Korea Exposes Short Sellers
  • U.S. Real Estate Resurgence?
  • Morgan Stanley Bullish on Banks
  • Big Tech’s Big Earnings Week
  • No Room For Roomba at Amazon
  • Reddit Preps for IPO
  • Musk’s Neuralink Reaches Major Milestone

FinWeekly has all the details on the latest market and financial news: In this week's episode, we kick things off by unpacking the economic implications of the US response to the drone strike against our troops in Jordan. Shifting to international finance, we explore the collapse of China Evergrande Group, once a symbol of the country’s robust property market. We also cover China's proactive measures to rescue its economy amidst challenges from a property crisis, deflation, and weak consumer confidence. In South Korea, the regulators’ discovery of $41 million in illegal naked short selling by undisclosed global banks underscores a broader crackdown on illicit financial practices. Back in the US, we discuss a potential resurgence in the real estate market with predicted mortgage rate drops, while Morgan Stanley expresses optimism about major US banks. We also break down Big Tech's upcoming earnings week, Amazon's withdrawal from the iRobot acquisition, Reddit's IPO plans, and Neuralink's milestone achievement. 



Disclaimer:
BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.

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Boosting Your Financial IQBy Steve Coughran

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