St. Louis Fed President James Bullard said, “even under these generous assumptions, the policy rate is not yet in a zone that may be considered sufficiently restrictive”. And, “to attain a sufficiently restrictive level, the Read more…
The pound and the UK stock markets have shown no major reaction to the fiscal statement after Jeremy Hunt unveiled an austerity budget with £55 billion in tax hikes and spending cuts. If anything, both Read more…
The Japanese yen continues to flirt with the 140 level. In the European session, USD/JPY is trading at 140.25, up 0.51%. Japan releases the October National CPI later today, which is expected to rise to Read more…
US initial jobless claims dropped -4k to 222k in the week ending November 12, above expectation of 220k. Four-week moving average of initial claims rose 2k to 221k. Continuing claims rose 13k to 1507 k Read more…
Stocks moved firmly lower Thursday after St. Louis Fed President James Bullard said rate hikes have had “only limited effects on observed inflation” in the U.S. economy. U.S. equity futures extended declines Thursday, while the Read more…
The fast-food burger wars heat up thanks to some new menu items and reimagined classics. Wendy’s menu has seen some big changes over the year. Its usual beloved Frosty flavors, classic chocolate, and vanilla were Read more…
“We know the consumer is under increasing pressure and has choices on where to spend,” said CEO Jeff Gennette. “With fresh inventory across the value spectrum, we are ready to meet our customers’ needs this Read more…
Sam Bankman-Fried is trying to absolve himself of the practices that led to the bankruptcy of his empire. Sam Bankman-Fried wants to be the director of the movies that will be made in the future Read more…
Usually a change to a cruise line package or deal is a bad thing. That’s not true in this case. Royal Caribbean Group (RCL) – Get Free Report has been a leader in the cruise Read more…
The founder and former CEO of the cryptocurrency exchange FTX tries to explain what precipitated the downfall of his empire. Sam Bankman-Fried, the deposed crypto king, does not want to leave the stage. The curtain Read more…