Yen is the runaway winner today on massive safe-haven flows, which also pushed up treasury bonds. Meltdown in cryptocurrencies intensified further, as bitcoin barely holds on to 25k. Major European indexes are in deep red Read more…
Rising input costs and supply chain snarls will impact the EV transition for both Ford and GM, cautions Wells Fargo analyst Colin Langan. Ford Motor (F) – Get Ford Motor Company Report shares moved sharply lower Read more…
US PPI for final demand rose 0.5% mom in April, matched expectations. PPI final demand for goods rose 1.3% mom, for construction dropped -4.0%, while for services was unchanged. For the 12-month period, PPI rose Read more…
US initial jobless claims rose 1k to 203k in the week ending May 7, above expectation of 190k. Four-week moving average of initial claims rose 4k to 193k. Continuing claims dropped -44k to 1343k in Read more…
ECB Governing Council member Gabriel Makhlouf said today, ECB has reached the point “act”. And, “the balance of advantage has tilted decisively towards the need for further action, albeit not necessarily at a similar pace Read more…
Casino operator Wynn may not own as many properties as MGM and Caesars, but it’s focused on competing with its bigger rivals. Caesars Entertainment (CZR) – Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) Read more…
Tech stocks are back in the red Thursday as crypto markets wobble amid the collapse of TerraUSD and accelerating bets on near-term Fed rate hikes. U.S. equity futures extended declines Thursday, potentially pulling the Dow Read more…
In this technical blog we’re going to take a quick look at the Elliott Wave charts of NZDUSD forex pair. As our members know, the pair shows bearish sequences in the cycle from the February Read more…
The pound continues to lose ground and is trading at its lowest level since May 2020. GBP/USD fell below the 1.22 level earlier and hasn’t had a daily winning session since May 4th. Negative growth Read more…
Housing is expensive in many U.S. cities, but it’s especially out of reach for single women. Being single is expensive. Single people pay more in taxes, receive less Social Security, and have just one income Read more…