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Tag: business


Finance Tech, Liquidity

Retreat in US Yields Supports Gold, But for How Long? XAU/USD, XAU/EUR Price Setups

May 31, 2023

Via: DailyFX

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling, potentially averting a catastrophic government default. But is the short-term downtrend in the yellow metal over? Yields on […]


Energy, Industries

3 renewable energy stocks to buy

May 31, 2023

Via: MoneyWeek

The UK government has pledged to decarbonise the country’s electricity grid by 2035, a target it must hit in order to reach net zero by 2050. However, according to research by the House of Commons, the UK currently lags behind […]


Finance Tech, Trading

Should investors sell in May, or ride out market turbulence?

May 30, 2023

Via: MoneyWeek

“Sell in May and go away” is a popular adage in the investment world. The logic behind it is that investors should sell their stocks in May and hold the cash until the investment season heats up again in October […]


News

EUR/USD Inches Up Despite Stronger US PCE Inflation Numbers

May 26, 2023

Via: DailyFX

The week’s big news was that Germany slipped into recession in 2023’s first quarter. It’s by far the Eurozone’s largest national economy, and usually among its most successful, so naturally this news has weighed on sentiment toward the single currency. […]


Finance Tech, Liquidity

Oil rises further on prospect of improved demand, debt ceiling hopes

May 22, 2023

Via: Investing.com

Oil prices rose in early Asian trade on Tuesday, extending gains into a third straight session as markets bet on an improvement in U.S. fuel demand ahead of the memorial day weekend, while a positive tone from lawmakers on raising […]


Industries, Others

Detroit enclave built on auto industry struggles under $20M water debt

May 19, 2023

Via: ABC News

Kevin Houston scanned the Michigan street where his fixer-upper and older homes bridge gaps between the vacant, overgrown lots and abandoned, ramshackle houses, boarded-up businesses and potholed streets of Highland Park. “It’s not a bad place to live,” Houston said. […]


News

US Dollar Price Forecast: DXY Builds on Gains as Yields, Data Improve

May 18, 2023

Via: DailyFX

Last week’s initial jobless claims raised many eyebrows after coming in at 264k, suggesting that tighter financial conditions is beginning to take its toll on the labor market, lowering the chances of another rate hike form the Fed. However, this […]


Industries, Retail & Wholesale

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

May 16, 2023

Via: ABC News

Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things. Car sales also rose despite prices that continue to soar, according to […]


Capital, Finance Tech

Microsoft’s $75 Billion Activision Deal Cleared by EU

May 15, 2023

Via: The Wall Street Journal

The European Union’s antitrust watchdog approved Microsoft’s MSFT 0.16%increase; green up pointing triangle planned $75 billion acquisition of Activision Blizzard ATVI 1.24%increase; green up pointing triangle, giving the two companies a win after the deal hit a regulatory roadblock in […]


Finance Tech, Mobile Banking & Payments

Paysend charges into US market

May 12, 2023

Via: Payments Dive

Paysend joins a crowded field of cross-border payments competitors that are increasingly tapping new payment rails for faster cross-border services. Offering remittances services for migrants sending payments to family and friends in other countries is where most of the rivals […]


Industries, Others

Travel costs fell in April’s inflation reading. The dip may be short-lived, experts warn

May 11, 2023

Via: CNBC

Travel in 2023 has been expensive. Indeed, some prices — like those for international flights — have hit record highs. Americans are unleashing their wanderlust en masse after a few years of pandemic-era trip delays, making for a busy — […]


Retail & Wholesale

USPS Ground Advantage Reduces Prices, Simplifies Shipping Solutions and Improves Service Reliability

May 10, 2023

Via: Markets Insider

The U.S. Postal Service today established proposed published pricing for its new product offering, USPS Ground Advantage. Pending favorable review and comments from the Postal Regulatory Commission (PRC), USPS Ground Advantage would launch on July 9. At launch, USPS Ground […]


Finance Tech, Liquidity

Oil giant Saudi Aramco’s 1st quarter profit down 20% to $31B

May 9, 2023

Via: ABC News

Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns. The firm known formally as the Saudi Arabian Oil […]


Finance Tech, Trading

Stock market today: Wall Street slips as earnings are mixed

May 9, 2023

Via: ABC News

Stocks are slipping on Wall Street Tuesday following some mixed earnings reports. Several beaten-down banks are also dropping more after a brief respite from a brutal run. The S&P 500 was 0.3% lower in early trading. The Dow Jones Industrial […]


Finance Tech, Liquidity

EUR/USD Price Forecast: Euro Bulls Fight Exhaustion Below the 1.1100 Level

May 8, 2023

Via: DailyFX

EURUSD ticked higher this morning following the European open having held above the psychological 1.1000 level last week. Euro bulls do appear slightly exhausted with the 1.1100 level proving a hurdle too far at present. Friday delivered further positives for […]


Finance Tech, Trading

Stock market today: World shares gain after Wall St rally

May 8, 2023

Via: ABC News

Wall Street is holding relatively steady Monday coming off its worst week in nearly two months, as stocks of several beaten-down banks rally. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was edging down […]


News

April hiring gains reflect a still-resilient US job market

May 5, 2023

Via: ABC News

America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate dipped to […]


Finance Tech, Trading

Stock market today: Apple juices a rally after a brutal week

May 5, 2023

Via: ABC News

Apple was at the head of a widespread rally on Wall Street Friday after the market’s most influential company reported a better profit than expected. Stocks of beaten-down banks also leapt to recover a smidgen of their sharp losses from […]


News

The Fed will cut rates in the fall as banking turmoil puts credit conditions in a ‘tight vise’, economist says

May 4, 2023

Via: Markets Insider

Despite what Jerome Powell and the Federal Reserve say, the US central bank will be cutting interest rates this year as bouts of banking turmoil squeeze credit conditions and force an end to tight monetary policy, according to former PIMCO […]


News

After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation

May 3, 2023

Via: CNBC

After the rescue of First Republic Bank by JPMorgan Chase over the weekend, leading economists predict a prolonged period of higher interest rates will expose further frailties in the banking sector, potentially compromising the capacity of central banks to rein […]