Author: hadi

The Bank of Canada left its overnight rate unchanged at 2.25% as expected. The accompanying statement revealed a central bank that is far less concerned about the recent rise in inflation than the headline numbers Read more…

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The conflict in the Middle East is now in Read more…

When you’re younger, retirement is the sort of thing you might find yourself daydreaming about often. When you’re at the tail end of your career and it’s close to becoming reality, it can be thrilling Read more…

Nvidia (NVDA) has spent most of the AI boom dealing with “good” problems, chief among them that its most important chips remain very hard to get.  According to TheFly, Wedbush analyst Matt Bryson just revisited Read more…

The Consumer Price Index (CPI) rose by 0.5% month-on-month (m/m) in May, meeting the Bloomberg consensus forecast. On a twelve-month basis, CPI jumped 4.2% – the fastest rate of growth in three-years. Higher energy costs Read more…

I’ve watched plenty of hyped IPOs march to market with a great story and a shaky balance sheet. Few have arrived with as much noise as SpaceX. Elon Musk‘s company filed for an IPO confidentially Read more…

Kroger and Costco both want to use cheap gas to get customers to their stores because gas prices have reached a tipping point that has impacted consumer spending. With gas prices averaging more than $4 Read more…

Markets received some welcome relief from US inflation data today, but the respite might prove short-lived as renewed geopolitical tensions quickly returned to the forefront. While headline CPI accelerated to its highest level in three Read more…

US CPI accelerated from 3.8% yoy to 4.2% yoy in May, matching expectations and reaching its highest level in three years as the energy shock continued to work its way through the economy. However, the Read more…