The pound has edged higher today after annual inflation in the UK surged to its highest level in 30 years. The bad news is that price pressures are likely to intensify even more, before falling Read more…
Stock markets are a little flat on Wednesday as we await the Fed minutes and digest more inflation data from China and the UK. We saw a strong rebound on Tuesday as some Russian troops Read more…
ViacomCBS, which will change its name to Paramount, says its streaming services will have around 100 million subscribers by 2024. ViacomCBS VIAC shares tumbled Wednesday after the network and streaming media group posted weaker-than-expected fourth Read more…
Apple Music Replay 2022. | Screenshot: Apple Music A month and a half into 2022, Apple Music’s roundup of your listening habits throughout the year is already live, 9to5Mac reports. Unlike Spotify, whose Wrapped feature Read more…
Here’s what stood out to the Action Alerts Plus Team in the online giant’s latest results. Technology stocks have lost a famous amount of value in recent weeks. This sector has led the market for Read more…
Stock futures edge lower as rate focus overtakes Russia-Ukraine concern; Car market set to boost January retail sales amid inflation headwind; ViacomCBS shares tumble after Q4 earnings miss, Paramount name change; Nvidia Q4 earnings in Read more…
UK inflation rises to 5.5% UK consumers continue to feel the cost-of-living squeeze, as inflation climbed to its highest level in 30 years. January CPI rose to 5.5% y/y, up from 5.4% in December and Read more…
Eurozone industrial production rose 1.2% mom in December, well above expectation of 0.3% mom. Production of capital goods rose by 2.6%, intermediate goods by 0.5% and non-durable consumer goods by 0.4%, while production of durable Read more…
Britain’s consumer price index fell 0.1% in January, not as sharply as analysts had expected; they were expecting an average fall of 0.2%. Year over year inflation reached 5.5%, a new record since March 1992. Read more…
USDJPY is exhibiting a bullish tone as it approaches the 116.00 handle after the 50- and 100-day simple moving averages (SMAs) defused sellers’ attempts to steer the pair lower. The soaring SMAs are shielding the Read more…