Japan’s industrial production declined -0.5% mom in March, falling short of expectations for a 1.1% increase. The drop was broad-based, with output declining in 8 of 15 sectors. The downturn was led by petroleum-related products, Read more…
New Zealand business confidence deteriorated sharply in April, with ANZ’s headline index plunging from 32.5 to -10.6, highlighting a rapid shift in sentiment amid rising cost pressures. Firms’ own activity outlook also fell significantly from Read more…
Gold’s selloff is accelerating as a powerful macro combination weighs on the metal. Instead of acting as a safe haven, gold is being squeezed by rising oil prices and higher bond yields. A retest of Read more…
Most working Americans are aware — and most financial professionals agree — that 401(k) plans and Individual Retirement Accounts (IRAs) are important retirement savings tools. In my years reporting on personal finance matters, I’ve unfortunately Read more…
Corning (GLW) stock pulled back about 1% after earnings, following a massive run in which shares gained roughly 250% over the past year. The reaction looks odd at first glance because Optical demand tied to Read more…
The Fed maintained its policy stance unchanged, as widely expected. Stephen Miran dissented in favour of a rate cut, while three participants dissented against maintaining an easing bias. Powell announced he continues as a Fed Read more…
The FOMC kept the stance of policy and their outlook unchanged in April as expected, at Powell’s last meeting as FOMC Chair. As expected, the FOMC kept the stance of policy unchanged at its April Read more…
The Federal Open Market Committee (FOMC) held the policy rate steady at the target range of 3.5%-3.75% for a third consecutive meeting. There were only a few minor changes to the policy statement. While the Read more…
The global oil market has faced a supply shock of high magnitude. Gas prices have spiked, and ordinary drivers feel it every time they pull up to the pump. That memory is worth keeping in Read more…
The way we bank has changed rapidly over the past several decades. For a while, it seemed like fintechs would rise up and traditional banks would become a thing of the past. Today, you can Read more…