May 31, 2023
Via: DailyFXGold 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 […]
May 31, 2023
Via: MoneyWeekThe 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 […]
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 […]
May 26, 2023
Via: DailyFXThe 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. […]
May 22, 2023
Via: Investing.comOil 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 […]
May 19, 2023
Via: ABC NewsKevin 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. […]
May 18, 2023
Via: DailyFXLast 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
May 16, 2023
Via: ABC NewsAmericans 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 […]
May 15, 2023
Via: The Wall Street JournalThe 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
May 12, 2023
Via: Payments DivePaysend 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 […]
May 11, 2023
Via: CNBCTravel 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 — […]
May 10, 2023
Via: Markets InsiderThe 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 […]
May 9, 2023
Via: ABC NewsOil 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 […]
May 9, 2023
Via: ABC NewsStocks 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 […]
May 8, 2023
Via: DailyFXEURUSD 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 […]
May 8, 2023
Via: ABC NewsWall 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 […]
May 5, 2023
Via: ABC NewsAmerica’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 […]
May 5, 2023
Via: ABC NewsApple 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 […]
May 4, 2023
Via: Markets InsiderDespite 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 […]
May 3, 2023
Via: CNBCAfter 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 […]