While some airlines have been struggling with quarter after quarter of poor earnings reports, others have seized on the heightened travel demand to come out stronger. On July 30, JetBlue Airways (JBLU) posted a second-quarter Read more…
Summary The Bank of Japan (BoJ) sprung a mild surprise at today’s announcement, raising its policy rate to around 0.25%, from around 0% to 0.1% previously. The BoJ also said it would reduce the pace Read more…
The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows Read more…
GBPJPY extends steep downtrend by dropping 1.7% on Wednesday and on track for the biggest daily drop since 12 July 2023, after BOJ rate hike further boosted yen, while sterling remains deflated by growing expectations Read more…
The restaurant business is competitive and challenging, with about 49% of establishments failing within five years of operation, according to Owner.com’s data from the U.S. Bureau of Labor Statistics. Things don’t get better over time, Read more…
Markets The biggest moves in markets ahead of tonight’s Fed policy meeting happened in the Japanese yen. A not completely expected rate hike to 0.25% by the Bank of Japan this morning, accompanied by a Read more…
It has been a big week of low-cost airlines announcing policy changes that bring them ever closer to the mainstream ones. On July 25 Southwest Airlines (LUV) said it was getting rid of the open Read more…
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. There’s a positive vibe around tech Wednesday thanks to the latest quarterly results. Advanced Micro Devices Read more…
When Southwest Airlines (LUV) announced that it was changing its decades-old open-seating policy to one in which passengers can pay extra to choose where to sit, the backlash was both expected and fast in coming. Read more…
EURUSD bounced on Wednesday after a triple rejection at 1.0800 support zone (50% retracement of 1.0666/1.0948 rally/daily Kijun-sen) signals formation of a bear-trap. Fresh gains were sparked by higher than expected EU inflation numbers in Read more…