Retail giant Walmart wants to stop rival Amazon from becoming a big player in one competitive space. Amazon (AMZN) – Get Amazon.com, Inc. Report stands as the only real rival for low-price retail for Walmart Read more…
Gold slips to $1900 after $100 swing yesterday Gold prices are edging lower after some wild swings in the previous session which saw the precious metal rise to $1975 before falling $100 lower. Safe haven Read more…
Japan’s CPI hits 2-year high In Japan, the spotlight this week was on inflation indicators. After decades of deflation, Japan is experiencing inflationary pressures, although nothing on the scale that we’re seeing in the US Read more…
The pound is calm on Friday, after taking a tumble on Thursday and falling 1.28%. It was the pound’s worst one-day performance since November 2021. Investors appear to be taking a wait-and-see attitude on Friday, Read more…
US durable goods orders rose 1.6%, or USD 4.3B to USD 277.5B in January, above expectation of 0.6%. Ex-transport orders rose 0.7%, above expectation of 0.4%. Ex-defends orders rose 1.6%. Transportation equipment rose 3.4%, or Read more…
US personal income rose 0.0%, or USD 9B in January, better than expectation of -0.3% decline. Personal spending rose 2.1%, or USD 337.2B, above expectation of 1.5%. Headline PCE price index accelerated from 5.8% yoy Read more…
BoE MPC member Catherine Mann said, “to me, the data was still showing very robust (inflation) expectations and I thought it was important to dampen those expectations using a 50 basis point increase.” “There was Read more…
Stocks are rising modestly Friday as investors as investors take a cautious stance amid Russia’s invasion of Ukraine. Stocks were edging higher Friday as investors took a cautious stance related to Russia’s invasion of Ukraine Read more…
Companies and consumers can avoid being targets as the number of cyber attacks will rise. The invasion of the Russian troops in Ukraine has resulted in a surge of cyberattacks in the country as security Read more…
A roundup of the latest of interest to financial advisers includes research on the Great American Retirement Fraud, fearless forecasts, and the problem with Roth conversions in 2022. A roundup of the latest news and Read more…