February 2, 2023
Via: Education DiveGrapevine 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 […]
February 2, 2023
Via: Sky NewsThe 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
February 2, 2023
Via: Investing.comAdani 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 $2.5 billion stock offering. The withdrawal of Adani Enterprises’ share sale marks a […]
February 1, 2023
Via: DailyFXThe Australian Dollar remains pointed higher against the US Dollar with prices continuing to trade within a bearish Rising Wedge. Over the past 24 hours, AUD/USD was unable to hold a drop through the 0.7009 inflection point, leaving behind a […]
January 30, 2023
Via: DailyFXThe US Dollar continues to tread water to start the week ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. The market is anticipating a 25 basis point (bp) lift in the target rate. Friday’s PCE inflation data […]
January 27, 2023
Via: DailyFXCore PCE prices in the US, which exclude food and energy, went up by 0.3% month-over-month in December of 2022, picking up from the 0.2% increase in the prior month and in line with market estimates. Prices for goods increased […]
January 25, 2023
Via: DailyFXGold traded above US$ 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 […]
January 24, 2023
Via: DailyFXAfter 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 […]
January 23, 2023
Via: DailyFXThe 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 – […]
January 19, 2023
Via: DailyFXSterling 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. […]
January 18, 2023
Via: DailyFXThe 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 […]
January 17, 2023
Via: Sky NewsAverage 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 […]
January 17, 2023
Via: DailyFXThe 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 […]
January 13, 2023
Via: DailyFXThe 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
January 13, 2023
Via: CNBCWells 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
January 13, 2023
Via: CNBCBank 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 […]
January 12, 2023
Via: Sky NewsShares 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 […]
January 11, 2023
Via: Sky NewsAn “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 […]
January 11, 2023
Via: DailyFXThe 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 […]
January 10, 2023
Via: Education DiveThe 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 […]