Key Highlights Gold started a sharp downside correction below the $2,665 support. A connecting bearish trend line is forming with resistance at $2,670 on the 4-hour chart. Bitcoin traded to a new high at $89,998 Read more…
Australia’s wage growth softened in Q3, with the Wage Price Index rising by 0.8% qoq, slightly missing the forecast of 0.9%. On an annual basis, wage growth slowed from 4.1% yoy to 3.5% yoy, falling Read more…
Election years typically bring uncertainty for constituents, investors, and financial markets. While each presidential candidate’s policies may impact the economy, the long-term effects on investment portfolios are likely negligible. The S&P 500 tends to enjoy Read more…
Japan’s PPI rose from 3.1% yoy to 3.4% yoy in October, surpassing market expectations of 3.0% and marking the highest annual increase since July 2023. On a monthly basis, PPI advanced by 0.2%, reflecting sustained Read more…
Just like many major retailers across the country, especially in the home goods industry, Home Depot (HD) is suffering from a sharp change in consumer behavior. An increasing number of consumers continue to watch their Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. If you’re retired, you may drive less often than you once Read more…
Minneapolis Fed President Neel Kashkari pointed to inflation as the primary driver that could influence Fed’s policy direction at its next meeting. He stated that any decision to pause rate cut would require an “inflation Read more…
Richmond Fed President Thomas Barkin noted that the economy is “in a good place” and that Fed is now positioned to react flexibly to evolving economic conditions. Speaking at an event overnight, Barkin highlighted that Read more…
Despite indications that fewer healthcare providers will file bankruptcy in 2024 than in 2023, healthcare companies are still heading to court to file for Chapter 11 protection. A recent study revealed 58 companies with $10 Read more…
First Impressions: The WPI rose 0.8% in the September quarter, on par with Westpac’s forecast and below the market consensus of 0.9%. The market range was from 0.8% to 1.0%. On an annual basis, wages Read more…