Markets The European May PMIs painted a gloomy picture, putting the economy on track for a quarterly decline by 0.2%. The composite indicator fell to a 31-month low of 47.5. The decline was driven both Read more…
WTI oil corrected strongly yesterday on Trump’s announcement that a deal is close, but the reality could be less optimistic. Traders are preparing for a rocky path to peace, as oil rallies back above $100 Read more…
US business activity expanded modestly in May as strong manufacturing output continued offsetting softer services demand, though survey data increasingly pointed to a more uncomfortable mix of slowing growth and rising inflation pressures. Flash US Read more…
The US government will take equity stakes worth a total of $2 billion in a slew of quantum computing companies, including a startup backed by a firm with links to the Trump family and one Read more…
Annuities have earned a reputation for complexity and high costs, and this keeps millions of Americans from considering products that could strengthen their retirement plans. Total U.S. annuity sales climbed 7% to $464.1 billion in Read more…
A funny thing happened to Boeing’s stock last week when an excited President Donald Trump revealed that Boeing had a deal to sell 200 new airplanes to China. The stock went down on three of Read more…
Artificial intelligence has already disrupted search, software, and customer service. The next frontier is more consequential and less visible: the core infrastructure that moves money around the world. Governments and financial institutions are increasingly treating Read more…
Forex markets remained trapped within yesterday’s ranges as investors struggled to find fresh conviction amid conflicting signals surrounding the US-Iran conflict. While there was some brief improvement in risk sentiment after US President Donald Trump Read more…
US initial jobless claims edged lower by -3k to 209k in the week ending May 16, slightly below expectations of 210k and consistent with a labor market that remains relatively resilient despite slowing economic momentum Read more…
At the beginning of the Covid pandemic, meal kit deliveries saw a huge boom in sales — according to BroadBranch Advisors, the market value for the industry rose from $3.5 billion to $10.26 billion in Read more…