Stocks Are On The Move 📈, Unbelievable Mortgage Rates, Crypto Coin Reaches All Time High

how many more times will the mortgage rates jump?                                                                                                                                                                                                                                                                                                                                                                                                                 June 01, 2023 | [Read Online]( Check this out: - Trend Tracker - Up To Date News and Trends On The Stock Market 📈 - Hot or Not? - All Your Real Estate Needs 🏠- Crypto Chronicles - Basically the Avengers of Crypto! How Cool Is That? 🦸‍♂️ - Money Moves - Who doesn’t wanting to be making money moves? Latest on your Personal Finance. 📈 Trend Tracker ⬆️ [Stocks gained momentum on Thursday following]( the House's approval of a bill to increase the debt ceiling. The S&P 500 climbed 0.76%, the Dow Jones Industrial Average surged 0.52% (172 points), and the Nasdaq Composite rose 0.93%. ✂️ [Goldman Sachs plans additional job cuts due to a challenging]( economic environment, with a potential 25% decline in trading revenue this quarter. The bank aims to achieve a $600 million cost reduction target by cutting nearly 250 jobs, while also considering impairment charges on its fintech business, GreenSky. 💸 [Dollar store chains in the US, including Dollar General and Dollar Tree](, are facing challenges as cautious consumers and signs of a looming recession impact their sales. Both companies have lowered their forecasts and cited a difficult macroeconomic environment affecting customer spending. Shares of these dollar store chains have declined, reflecting the concerns. The retail industry is experiencing mixed results, with some companies struggling while others, like Walmart, remain relatively healthy. Consumers are shifting towards purchasing consumable goods over discretionary items, putting pressure on the dollar stores' margins. 🏠Hot or Not? 📈 [Mortgage rates surged close to 7%,]( exacerbating housing conditions for buyers. High rates, coupled with elevated home prices, reduced affordability and led to fewer transactions. Homeowners are hesitant to sell, worsening inventory conditions. Buyer demand is significantly lower compared to last year. Crypto Chronicles 💥 📈 [Tether, the leading stablecoin issuer, has reached a record-high market]( capitalization of over $83.2 billion. Tether's resilience and transparency have earned trust from customers, allowing it to regain the $20 billion lost after the collapse of TerraUSD. However, other stablecoins have not experienced the same recovery. [tw profile: Kaiko] Kaiko @KaikoData [tw] Why is #USDT's market cap approaching all time highs? Trade volume on both CEXs and DEXs has been relatively stagnant since the bull run. Because trading is Tether's dominant use case, one would expect a positive correlation. May 22, 2023 75 Likes 17 Retweets 7 Replies 😵 [Texas legislators have passed two bills supporting bitcoin mining,]( awaiting the governor's signature. SB 1929 requires large miners to register with authorities, while HB 591 grants tax exemptions for using wasted gas. Another bill capping industry participation in demand-response programs was stopped. Texas aims to lead in innovative mining technology. ✔️ [Nike Virtual Studios and EA Sports have joined forces]( to integrate digital creations from Nike's .SWOOSH platform into the EA Sports gaming ecosystem. The collaboration aims to enhance personal style expression, immersive experiences, and customization for .SWOOSH members and EA Sports fans. 💸 Money Moves 💰 💵 [Treasury bill yields have risen,]( reaching over 5% for terms ranging from one month to one year. Everyday investors should understand that T-bills are sold at a discount, making direct rate comparisons difficult. For instance, a $1,000 T-bill purchased at a 4% discount for $960 would have a coupon rate of 4.16%. 💰 [A recent Federal Reserve report reveals that Americans are experiencing]( a decline in overall financial well-being, with only 63% of adults able to cover a $400 unexpected expense. This decline is consistent with surveys showing a decrease in emergency savings due to high inflation. Additionally, the Federal Reserve's efforts to curb inflation through interest rate hikes have resulted in higher interest rates on debt. US credit card debt has reached nearly $1 trillion, the highest in 20 years, according to the Federal Reserve Bank of New York. You got it! Alright, financial mavericks, it's time to wrap up today's discussion. But fear not, we can keep the conversation going like the true money mavericks we are. Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! [Click to Share](https:?utm_source=financialmaverick.beehiiv.com&utm_medium=newsletter&utm_campaign=stocks-are-on-the-move-unbelievable-mortgage-rates-crypto-coin-reaches-all-time-high) Did today's newsletter hit the spot? 😉 - [Heck Yeah! Money Moves!]( - [Nah! Was More like Financial Dumpster]( DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.  [fb]( [tw]( [ig]( Update your email preferences or unsubscribe [here]( © Financial Maverick 19354 Watermark Drive, Suite 202 Cornelius, North Carolina 28031, United States [[beehiiv logo]Powered by beehiiv](