Tag: News

January 16, 2024

German inflation rose to 3.7% in December, up from the prior 3.2% in November. The HICP measure rose to 3.8%, up from 2.3% in November. The rise in the data was preceded by numerous warnings by prominent ECB officials that […]

January 12, 2024

Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, […]

January 12, 2024

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices decline for certain items. Those pullbacks have largely been among physical goods rather than […]

January 11, 2024

The Financial Conduct Authority (FCA) said it was a reaction to rising tensions between consumers and lenders over so-called discretionary commission arrangements across the motor finance market – a practice that was banned in 2021. It promised that settlements would […]

January 11, 2024

Wall Street will be on high alert on Thursday when the U.S. Bureau of Labor Statistics releases its latest consumer price index report, as the data could guide the Federal Reserve’s next moves in terms of monetary policy and, therefore, […]

January 9, 2024

China’s overseas auto sales surged to a record last year, on track to surpass Japan as the world’s biggest car exporter and marking a tectonic shift for the global industry. While China has become acknowledged as a world leader in […]

January 8, 2024

Bitcoin ETF fever is pushing the price of the largest cryptocurrency by market capitalization back to highs last seen in April 2022. At least 10 companies have handed in amended and updated Bitcoin ETF applications and are waiting to hear […]

January 5, 2024

The monthly US Jobs Report hits the screens today at 13.30 UK with expectations of a further hiring slowdown in nonfarm payrolls. The survey, representing around 486k individual worksites provides detailed data on employment, hours, and earnings. Today’s survey is […]

January 5, 2024

U.S. oil companies and refiners are likely to face another challenging 12 months in 2024, Bank of America (BofA) analysts wrote in a note on Friday, who expect Brent crude to average $80 per barrel this year. Crude futures lost […]

January 4, 2024

One of the world’s biggest supermarket chains said it would drop several PepsiCo products to protest what it called unacceptable price increases, a rare public standoff between a grocer and food maker after more than two years of rising prices. […]

December 29, 2023

Leaps in healthcare technology continue to benefit humankind: from the advent of the X-ray in the 19th century to dialysis, CT, MRI, and other machines in the 20th century, to a new breadth of digital tools in this era. Perhaps […]

December 28, 2023

Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the […]

December 28, 2023

U.S. Treasury rates have fallen sharply from their cycle highs set in October on bets that the Fed would ease its stance aggressively next year. Their relentless slide accelerated Wednesday in thin markets ahead of the New Year’s holidays, with […]

December 28, 2023

Average house prices have been falling for much of the year but some areas are bucking the trend. High mortgage rates have pushed property demand down this year and house prices indices from Halifax, Nationwide and the Office for National […]

December 27, 2023

The burgeoning trend of zero-day options (0DTE) is gaining traction among Wall Street’s quantitative investment strategists (QIS), with major banks like Citigroup (C), JPMorgan (JPM), and UBS Group (UBS) incorporating them into their systematic equity products. These derivative contracts, which […]

December 26, 2023

The U.S. dollar, as measured by the DXY index, retreated on Tuesday and flirted with its lowest levels since late July near 101.55 in a trading session characterized by thin liquidity, with many financial centers still closed for the Christmas […]

December 20, 2023

The rate at which house prices are falling has accelerated, the latest house price index from the Office for National Statistics (ONS) has found. In its latest index, the ONS revealed that the average house price dropped by 1.2% in […]

December 20, 2023

Oil prices fell on Thursday, as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions and geopolitical tensions in the Middle East. Brent crude futures fell 65 cents, or 0.8%, to $79.05 […]

December 19, 2023

Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing artificial intelligence model configuration they […]

December 18, 2023

A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rallied sharply. The Fed voted last week to hold rates steady once again, and its updated projections […]