Fed Governor Lisa Cook said she “whole heartedly” supported last week’s 50bps rate cut, emphasizing that it was a reflection of “growing confidence” in Fed’s ability to balance a solid labor market with moderate economic Read more…
Key insights from the week that was. Following last week’s monetary policy announcements by the US FOMC and other major central banks, this week the spotlight turned to the RBA. The Board’s September meeting was Read more…
EURJPY rising inside minor impulse wave 3 Likely to reach resistance level 162.8 EURJPY currency pair earlier continues to rise inside the minor impulse wave 3, which started earlier from the support area located between Read more…
Oil has lost more than 4% in two days despite the development of a rally in stock markets. The most important news for oil is an article in the FT that Saudi Arabia plans to Read more…
Social Security cost-of-living adjustments (COLA) were instated in 1975 to keep pace with inflation and help retirees maintain purchasing power. However, many people argue that the adjustments aren’t enough to keep pace with the rising Read more…
Google is making moves to strengthen its AI presence. At the recent Gemini at Work event, the company highlighted a 35-fold increase in the usage of its Gemini platform, a generative artificial intelligence chatbot. The Read more…
It is no secret that the retail industry in the U.S. has experienced some rough patches, leading many companies, especially those in the fashion industry, to report declining earnings and cut-down outlooks. Americans have changed Read more…
The retail sector has struggled since the Covid-19 pandemic, which has resulted in companies facing financial distress and bankruptcy filings. Retailers have suffered from store closures, supply chain issues, consumer flight from brick-and-mortar malls and Read more…
The people at Royal Caribbean (RCL) hit the trifecta over the summer and they were nowhere near a racetrack. When horse racing enthusiasts hear the word “trifecta,” they think of the bet where you have Read more…