When a retailer shuts down, it usually follows a somewhat organized process. For brick-and-mortar chains, sometimes individual locations will shut down abruptly while the overall chain keeps operating. For consumers it’s often hard to know Read more…
US Conference Board Consumer Confidence rose from 101.0 to 110.7 in December, above expectation of 103.9. Present Situation Index rose from 136.5 to 148.5. Expectations Index rose from 77.4 to 85.6. “December’s increase in consumer Read more…
Core PCE inflation to fall further on Friday 13:30 GMT, no big surprises expected Philly Fed manufacturing index, new home sales also on the agenda Investors see more than three rate cuts in 2024; US Read more…
Updated at 10:20 AM EST Google parent Alphabet (GOOGL) – Get Free Report shares jumped in early Wednesday trading after a report suggested the tech giant was preparing a major shakeup of the world’s biggest advertising Read more…
Britain’s impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9% – impressively below Read more…
Market picture Crypto market capitalisation has changed little over the past 24 hours, standing at $1.61 trillion with fluctuations between $1.57 trillion and $1.62 trillion. The cryptocurrency market remains cautious, which can easily be explained Read more…
Jeff Bezos’s Blue Origin on Tuesday successfully launched its New Shepard rocket for the 24th time. The mission flew a total of 33 payloads — which came from NASA, research institutions, commercial companies and academia — into Read more…
Target and Walmart have both cited retail theft as a drag on profits. Neither company has openly commented on how their increased reliance on self-checkout has added to this trend. Self-checkout blurs the line between Read more…
Daily Pivots: (S1) 142.41; (P) 143.68; (R1) 145.12; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral at this point. Upside of current recovery should be limited below 156.48 resistance to bring another Read more…
Daily Pivots: (S1) 0.8573; (P) 0.8630; (R1) 0.8667; More…. Intraday bias in USD/CHF stays on the downside and outlook is unchanged. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On Read more…