Wood’s Ark Innovation ETF has plunged 64% so far this year, and is down 78% from its February 2021 peak. Celebrity money manager Cathie Wood, chief executive of Ark Investment Management, has said that this Read more…
U.S. Highlights UK policymakers abruptly U-turned on its recently proposed “mini” budget, forcing Prime Minister Liz Truss to resign. Existing home sales fell 1.5% m/m in September to 4.7 million units. Sales have now fallen Read more…
Nick Barclay / The Verge The person in charge of the physical look and feel for Apple’s iPhones, Macs, and everything else is leaving the company, as Bloomberg’s Mark Gurman first reported. Industrial design vice Read more…
On Wednesday at 14:00 GMT, the BoC will decide on monetary policy, with market participants raising bets of a 75bps hike after the inflation numbers for September, despite economists’ consensus staying at 50bps. However, the Read more…
A central bank extravaganza lies ahead. The show will kick off with the Bank of Canada meeting, where markets expect another rate increase but are split on the size. Meanwhile in Europe, a triple-barreled hike Read more…
Well, timing is everything. While Japan was quiet most of the day as USD/JPY marched higher, intervention finally came in early US session and knocks USD/JPY back below 150. In the background, Dollar was already Read more…
USD/JPY rallies as BoJ might stay dovish The Japanese yen weakens as quantitative tightening remains a remote prospect. As its currency sank to a 32-year low, the Bank of Japan’s ultra-loose monetary policy has become Read more…
UK Prime Minister Liz Truss stepped down this week after only 44 days in the office. The resignation follows heavy pushback on the ‘mini-budget’ presented in late September, which sparked fears of even more persistent Read more…
Indeed.com Chief Economist Svenja Gudell speaks to TheStreet about the current labor market. It is both a great and challenging time to be in the market for a job. While a nationwide labor shortage is making it easier Read more…
Illustration by Alex Castro / The Verge Last night, I was casually wondering (as you do) which songs from Scottish electronic duo Boards of Canada’s seminal debut album, Music Has the Right to Children, use Read more…