It seems the ‘Big Short’ Michael Burry isn’t easing up on his criticism of the AI trade anytime soon. The hedge fund investor who became famous for betting against the 2008 housing bubble has spent Read more…
The stabilisation of the political situation in Britain is driving the GBPUSD rally. Traders are wondering: Were there currency interventions in Japan? Or is fear to blame? The US dollar managed to recover towards the Read more…
EUR/USD is trading around 1.1432 on Monday. At the end of last week, the main currency pair posted modest gains. Weaker-than-expected US labour market data and lower oil prices have weighed on the US dollar, Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Summer is coming up, and now’s Read more…
Nike’s turnaround is showing signs of progress, but not enough for Wall Street to call it a clean comeback. And this is a problem for investors. The athletic giant is still one of the strongest Read more…
Market Overview The crypto market capitalisation rose to $2.21T at the start of trading on Monday, but soon corrected to $2.18T, while still up by over 5% from the previous week’s levels. Despite the positive Read more…
Eurozone PPI rose 0.2% mom in May, matching market expectations, while annual producer inflation accelerated from 5.0% yoy to 5.9% yoy, slightly above the 5.7% yoy consensus. The data suggest producer price pressures remained elevated Read more…
Eurozone retail sales rose 0.2% mom in May, matching market expectations and pointing to continued resilience in consumer spending despite a mixed performance across retail categories. Across the broader EU, retail sales increased a stronger Read more…
Eurozone investor confidence improved sharply in July, with the Sentix Investor Confidence Index rising from -13.4 to -3.1, marking a third consecutive monthly gain. The improvement was broad-based, with the Current Situation Index climbing from Read more…
The broad US market index, the S&P 500, has entered July against a backdrop of mixed signals from the labour market. The Bureau of Labor Statistics report released on 2 July showed that just 57,000 Read more…