Sterling surged notably today and reached its highest level against Dollar since March 2022. The move followed BoE’s decision to hold interest rates steady as expected. The surprise came from Deputy Governor Dave Ramsden, who Read more…
In August, Carnival Cruise Line had to evacuate Grand Turk early due to incoming weather. This was during Hurricane Ernesto, and Carnival Magic needed to leave the dock before the storm arrived. Such situations are Read more…
US initial jobless claims fell -12k to 219k in the week ending September 14, below expectation of 232k. Four-week moving average of initial claims fell -3.5k to 227.5k. Continuing claims fell -14k to 1829k in Read more…
Tupperware Brands (TUP) filed for Chapter 11 bankruptcy to reorganize its debts and prevent an ad hoc group of its lenders from acquiring its business through foreclosure. “Over the last several years, the company’s financial Read more…
Las Vegas has been known for long-running headliner residencies dating back to pianist Liberace’s start in the 1940s to Frank Sinatra and the Rat Pack in the early 1960s and Elvis Presley’s residency at the International Read more…
In a speech today, ECB Executive Board member Isabel Schnabel noted the ongoing challenge of “sticky” services inflation, which continues to keep headline inflation elevated. She highlighted that price pressures within the services sector are Read more…
BoE opted to keep the Bank Rate unchanged at 5.00%, as expected, with an 8-1 vote. Swati Dhingra, a known dove, was the only member voting for a 25bps rate cut. Deputy Governor Dave Ramsden, Read more…
Monetary Policy Summary, September 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term Read more…
Wide post-Fed swings signal that the dollar is still looking for direction, as long-tailed Wednesday’s candle and long upper shadow forming today, support scenario of extended directionless mode. Short-lived spike below psychological 100 support (hit Read more…
Market Picture The crypto market rallied solidly by 3% to $2.15 trillion, gaining further momentum after the Fed’s decisive rate cut. Increased risk appetite in the markets after the Fed’s decision helped cryptocurrencies hit highs Read more…