Summary United States: GDP Head Fake Obscures Otherwise Intact Fundamentals In a jampacked week of economic data, Thursday’s negative GDP growth print took center stage. The U.S. economy contracted at a 1.4% annualized rate in Read more…
U.S. Highlights U.S. economic growth contracted in the first three months of 2022. Real GDP fell 1.4% due largely to a sizeable increase in the trade deficit. The U.S. goods trade deficit widened unexpectedly by Read more…
Canada’s April labour market report will top a flurry of data releases next week. We look for job growth to slow to 25,000 in April after a 409,000 surge over the last two months. Demand Read more…
Last week, volatility was high as markets digested news that China may enter more lockdowns, worried that inflation will continue to rise, and saw negative US Q1 GDP and earnings surprises. This week the volatility Read more…
Time for the Fed to step up A blockbuster week in store in financial markets and one that begins with bank holiday’s across various countries. Throw in Chinese PMI data over the weekend and it Read more…
Controversial though he may be, Musk is building an astonishing legacy of making the improbable probable. There’s probably no such thing as an honest billionaire, but Elon Musk at least keeps things interesting. And he Read more…
It’s also clarifying its criteria for removing apps. | Illustration by Alex Castro / The Verge Recently, several developers complained about how Apple threatened to remove their apps from the App Store because they hadn’t Read more…
In a brutal week for tech stocks, Zuckerberg saw his largest one-day swing in personal valuation yet recorded. The heady fortune’s of America’s tech billionaires make for avid reading for most news followers. One day, Read more…
Amazon shares fell more than 14% in the April 28 session, their worst session since 2006. It’s a first quarter that will leave a lot of scars. While concerns were already surrounding tech as the Read more…
The cruise industry leader is celebrating its 50th birthday in style. The first Carnival Cruise ship set off 50 years ago when the Mardi Gras, a refurbished Transatlantic liner purchased from Canadian Pacific Line, set Read more…