Traders are pricing in a 34% chance or a 1 percent rate hike from the Fed next week, the biggest in nearly forty years, following yesterday’s hot August inflation print. Interest rate traders have rekindled Read more…
“We are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of growth,” said interim CEO Howard Schultz. Starbucks (SBUX) – Get Starbucks Corporation Read more…
Credit: Apple Apple’s iPhone 14 Pro models finally ditched the wide notch of prior models in favor of two cutouts dubbed the Dynamic Island. The two cutouts are actually bridged by software, and tapping the Read more…
Stock futures attempt clawback after Tuesday carnage; Traders betting on 100 basis point Fed Twitter slides after shareholders vote to approve Musk takeover; Starbucks leaps after boosting near-term profit goals and President Biden pushes for Read more…
Eurozone industrial production dropped -2.3% mom in July, much worse than expectation of -0.8% mom. Production of capital goods fell by -4.2%, durable consumer goods by -1.6% and intermediate goods by -0.8%, while production of Read more…
USD is up across the board on hawkish FED policy speculation after the US CPI data came higher than expected. The USD is very strgon and almost erased all of the losses vs other currencies Read more…
Market picture Bitcoin collapsed 9.6% on Tuesday, ending the day near $20.2K, which remains on Wednesday morning. Ether is losing 6.4% overnight to $1610. The most significant altcoins took a heavy hit, losing between 4.6% Read more…
The Australian dollar is licking its wounds today, after a brutal collapse on Tuesday. AUD/USD is trading at 0.6739 in the European session, up 0.12%. US inflation sends USD soaring On Tuesday, I noted that Read more…
Illustration by Alex Castro / The Verge The EU has upheld a 2018 antitrust charge against Google, confirming that the company imposed “unlawful restrictions” on Android phone manufacturers in order to promote its search engine Read more…
The British Pound started a fresh decline from the 1.1740 resistance zone against the US Dollar. The GBP/USD pair declined heavily below the 1.1700 and 1.1650 levels. There was a close below the 1.1600 level Read more…