Month: November 2023

At a Fed conference overnight, Dallas Fed President Lorie Logan said that inflation appears to be “trending toward 3%”, a figure still above the 2% target. Despite a cooling labor market, Logan highlighted that it Read more…

Summary The Eurozone has continued to deliver disappointing economic data as Q3 GDP shrank 0.1% quarter-over-quarter, the first decline (outside of the pandemic) since early 2013. With recent activity and survey data remaining soft, the Read more…

Neuralink, founded by billionaire Elon Musk in 2016, is in the business of brain chips. The company makes a device that is designed to be surgically inserted into an individual’s brain. The goal is to Read more…

Surprise indices are an easy way of mapping the current state of an economy Our index confirms that the US economy has been losing steam the past few weeks Could EURUSD moves be explained by Read more…

GBPUSD reversed from key resistance level 1.2335 Likely to fall to support level 1.2200 GBPUSD currency pair recently reversed down with the daily Shooting Star from the key resistance level 1.2335 (former strong support from Read more…

AUDJPY reversed from resistance level 97.35 Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the major resistance level 97.35 (which has been reversing the pair from September of 2022). Read more…

Ferrari RACE, Lamborghini and Porsche POAHF all make expensive and fast supercars, but one small manufacturer in Eastern Europe has the claim to one record about which it can boast. Related: General Motors’ Cruise defends itself against alarming Read more…

Iconic and essential retailers have been marching into bankruptcy court this year as issues related to supply chain disruptions, rising inflation and other financial difficulties pushed many into Chapter 11. Giant retailer Rite Aid on Read more…