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Tag: Finance


Education, Industries

State support for higher ed set to jump 6.6% in 2023 before inflation

February 2, 2023

Via: Education Dive

Grapevine data is often later amended — last year the survey projected an 8.5% year-over-year increase that was later revised downward to 7.5%. But it still offers valuable insight as an early snapshot of the latest developments in public funding […]


Enterprise, Industries

Shell announces record annual profits of £32.2bn after energy price surge

February 2, 2023

Via: Sky News

The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as Russia’s invasion of Ukraine led countries to […]


Capital, Enterprise, Finance Tech, Industries

Adani’s market losses top $100 billion as shelved share sale spooks investors

February 2, 2023

Via: Investing.com

Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about their potential systemic impact, a day after its flagship company abandoned a $2.5 billion stock offering. The withdrawal of Adani Enterprises’ share sale marks a […]


Finance Tech, Liquidity

Australian Dollar Price Action Setups: AUD/USD, AUD/JPY, GBP/AUD, AUD/NZD

February 1, 2023

Via: DailyFX

The Australian Dollar remains pointed higher against the US Dollar with prices continuing to trade within a bearish Rising Wedge. Over the past 24 hours, AUD/USD was unable to hold a drop through the 0.7009 inflection point, leaving behind a […]


Finance Tech, Liquidity

US Dollar Poised Ahead of Fed as China Returns. Where to for USD?

January 30, 2023

Via: DailyFX

The US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data […]


News

USD Breaking News: PCE Price Index Declines Adding Further Pressure on the DXY

January 27, 2023

Via: DailyFX

Core PCE prices in the US, which exclude food and energy, went up by 0.3% month-over-month in December of 2022, picking up from the 0.2% increase in the prior month and in line with market estimates. Prices for goods increased […]


Finance Tech, Liquidity

Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?

January 25, 2023

Via: DailyFX

Gold traded above US$ 1,942 overnight and continues to trade just below that level today as markets fret over the health of the US economy. Disappointing PMI data appeared to lead to market perceptions that the Fed night is not […]


News

UK PMIs Add to Disappointing Data Ahead of BoE Meeting, GBP Lower

January 24, 2023

Via: DailyFX

After December’s impressive services PMI print, markets hoped for another encouraging print for January given a slightly improved outlook now that inflation appears to be headed in the right direction. This wasn’t to be the case as the new year […]


Finance Tech, Liquidity

AUD/USD Forecast: Higher Australian Inflation Expectations Keep Aussie Bid

January 23, 2023

Via: DailyFX

The pro-growth Australian dollar did not react to rising COVID death statistics released on Saturday by the Chinese Centre for Disease Control and Prevention showing markets focus on the upcoming Australian CPI report on Wednesday and a weaker USD – […]


Finance Tech, Liquidity

GBP/USD Slips But Remains Well Bid On Interest Rate Bets

January 19, 2023

Via: DailyFX

Sterling bulls still have December’s six-month highs against the United States Dollar firmly in their sights on Thursday, but a London morning of scant domestic economic news may be hampering their will to try it again in the near term. […]


Finance Tech, Liquidity

Breaking News: Pound Bid After Core Inflation Beat, 50bps Secured?

January 18, 2023

Via: DailyFX

The British pound received support this morning after a mixed bag of inflation data. Headline inflation in the UK declined in line with expectations to 10.5% (see economic calendar below) while beat estimates likely due to labor shortages. The core […]


News

Data reveals jobs market tipping point that will worry ministers as much as employers

January 17, 2023

Via: Sky News

Average pay rose 6.4% in the three months to November, the strongest growth in 20 years excluding the pandemic period, but there’s a chasm between public and private earnings. Private sector settlements ran at 7.2%, the upward pressure driven largely […]


Finance Tech, Liquidity

Japanese Yen Slides Ahead of BoJ While Chinese Data was Digested. Where to for USD/JPY?

January 17, 2023

Via: DailyFX

The Japanese Yen slipped lower today ahead of the Bank of Japan’s monetary policy decision tomorrow. The Nikkei 225 equity index found higher ground with the central bank decision appearing to be in the balance after a perceived tightening at […]


Finance Tech, Liquidity

GBP/USD Gains On US Inflation, Surprise Sign of UK Growth

January 13, 2023

Via: DailyFX

The British Pound rose against the US Dollar on Friday following more benign inflation data out of the world’s largest economy and some surprise growth at home. US price rises eased for a sixth straight month in December according to […]


Financial Services, Industries

Wells Fargo shares fall as bank’s profits cut in half by higher reserves, settlement costs

January 13, 2023

Via: CNBC

Wells Fargo shares came under pressure Friday after the bank reported shrinking profits, weighed down by a recent settlement and the need to build up reserves amid a deteriorating economy. The stock fell more than 2% in Friday’s trading. Here’s […]


Financial Services, Industries

Bank of America tops expectations as higher rates help offset declines in investment banking

January 13, 2023

Via: CNBC

Bank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make up for a sharp slowdown in investment banking. Here are the key metrics compared with what Wall Street expected: Earnings: 85 […]


Enterprise, Industries

Energy price surge prompts big earnings upgrade at British Gas owner Centrica

January 12, 2023

Via: Sky News

Shares surged to levels not seen since May 2019 following the company’s update. Centrica credited its electricity generation and gas production activities for the upgrade – as opposed to profitability at its household supply arm. The company said it now […]


News

HMRC failing to collect £42bn in taxes – MPs say windfall could fix ‘black hole’ in UK’s finances

January 11, 2023

Via: Sky News

An “eye-watering” £42bn is outstanding in tax debt, with about 5% of tax owed each year failing to be collected by HMRC, according to the Commons Public Accounts Committee. The Liberal Democrats labelled the amount “absolutely staggering” as the country […]


Finance Tech, Liquidity

EUR/GBP Forecast: Euro Takes Centre Stage Via ECB Speakers

January 11, 2023

Via: DailyFX

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]


Education, Industries

Education Department releases regulatory plans on income-driven loan repayment, low-value colleges

January 10, 2023

Via: Education Dive

The proposed reworking of income-driven repayment plans, commonly known as IDR, fits with the Biden administration’s stated mission to overhaul the beleaguered federal student loan system and enact new borrower protections. Policymakers of all political stripes have called out flaws […]