(ThePennyWatcher.com) – A recap from our team around some stories floating around the financial globe for you to take a deeper look into at your convenience.
Let’s take a look at the high level takeaways this past week:
Stock Market: The markets continued a steady climb, with the DOW and S&P 500 closing out a solid week, up from before yet again.
If you have a 401K, it’s good measure to keep a close eye on it as things may heat up or cool down with all that is wars, crypto, and the impending election.
Oil Prices: Oil prices rose over $1 a barrel today due to concerns about potential shipping disruptions overseas.
Mergers & Acquisitions: JetBlue and Spirit Airlines have decided not to move forward with their deal, and it has been officially terminated.
Technology: More folks are watching the news updates around Apple, as they were hit with a whopping $2 billion antitrust fine by the European Commission for allegedly raising prices for music streaming subscriptions on iOS devices.
Cryptocurrency: Bitcoin has reached new highs! Many enthusiasts and investors are continuing to watch it closely ahead of the “halving” which will reduce the amount of available bitcoins that are able to be mined.
Economy: Numerous outlets are talking about how China us pressing Iran to control the recent Houthis attacks on various installments as they are worried it may further hurt relations. Loans apparently are getting harder and harder to get because of rising interest rates. This is no surprise as housing still remains a struggle for folks, with their current high interest rate keeping them in their homes.
