Image: Samsung Samsung heard that Apple managed to upset a lot of people with the “Crush” ad revealed last week that smushed instruments, arcade games, and sculptures into a shiny new OLED-screened iPad Pro, and Read more…
Japan’s GDP contracted by -0.5% qoq in Q1, slightly worse than the expected -0.4% qoq decline. On annualized basis, GDP fell by -2.0%, missing forecast of -1.5% drop. Private consumption, which makes up over half Read more…
Chicago Fed President Austan Goolsbee, in a Marketplace interview, emphasized the importance of a significant decline in housing inflation to achieve the Fed’s 2% overall target. “It would be hard for me to see that Read more…
All week long, Wall Street was looking for, searching for, maybe even praying for a decent inflation report. Traders’ prayers were mostly answered. Yes, many inflation components are still too high, but at least the Read more…
Minneapolis Fed President Neel Kashkari stated overnight that Fed likely needs to keep interest rates at the current level for “a while longer,” raising questions about how much they are restraining the US economy. He Read more…
Gold broke daily down channel Likely to reach resistance level 2415.00 Gold recently broke the resistance trendline of the narrow daily down channel from April, which enclosed the previous ABC correction (4). The breakout of Read more…
AUDUSD broke key resistance level 0.6650 Likely to reach resistance level 0.6760 AUDUSD currency pair recently broke the key resistance level 0.6650, which has been reversing the pair from the start of March. The breakout Read more…
If only those magic words worked for real. In the fable “Ali Baba and the 40 Thieves,” the eponymous hero gains access to a cave full of riches by uttering the phrase “open sesame.” Related: Read more…
The Boeing situation just got a lot more serious. The U.S. Department of Justice has just notified the plane manufacturer that it is subject to criminal prosecution for violating a 2021 agreement that settled charges it Read more…
