ECB board member Isabel Schnabel said, “Both the likelihood and the cost of current high inflation becoming entrenched in expectations are uncomfortably high. In this environment, central banks need to act forcefully.” Governing Council member Read more…
Key Highlights EUR/USD failed to recover above the parity level and declined. It broke a key rising channel with support at 0.9940 on the 4-hours chart. GBP/USD is accelerating lower below the 1.1800 support zone. Read more…
July sales: +1.3%mth (market +0.3%), 16.5%yr. Rate hikes, sentiment slump yet to impact. The ABS preliminary estimates of official retail sales showed a much stronger than expected 1.3% gain in July. That compares to a Read more…
Chair Powell’s remarks at Jackson Hole 2022 were brief but to the point. At the Jackson Hole Symposium of 2022, FOMC Chair Powell was clear on the Committee’s resolve to bring inflation to heel and Read more…
The US dollar was the clear winner following Jerome Powell’s Jackson Hole speech, and Wall Street the clear loser – with rates unlikely to come down any time soon. The US dollar remained supreme following Read more…
If you are a pumpkin spice lover, you have been anxiously awaiting its return, and in some cases, it’s already here! Pumpkin spice is everything to those who love it. When summer comes to an Read more…
Electric vehicle makers lately have been rolling out new luxury SUV offerings to compete against Tesla. Tesla (TSLA) – Get Tesla Inc. Report, the leading premiere electric vehicle maker in the world, has seen the Read more…
Tesla CEO has become the world’s richest man and one of the most influential people. Elon Musk is involved in at least four companies: Tesla (TSLA) – Get Tesla Inc. Report, the manufacturer of electric Read more…
Illustration by Alex Castro / The Verge Trademark filings spotted by Bloomberg suggest Apple might incorporate “Reality” in the name and branding of its long-rumored mixed reality headset. Three separate filings show trademarks for “Reality Read more…
The two chains may be popular, but they’re not doing themselves any favors with their customers. It happens to every customer who orders fast food from a drive-through or even a person at the register. Read more…