Dick’s said its lower full-year profit and sales guidance reflects “the impact of evolving macroeconomic conditions” affecting the biggest U.S. sporting goods retailer. Dick’s Sporting Goods Inc. (DKS) – Get Dick’s Sporting Goods, Inc. Report shares Read more…
Minutes from the Fed’s May policy meeting, published later today, could provide clues as to whether it’s prepared to reconsider its vow to ‘expeditiously’ lift interest rates to fight the fastest inflation in four decades. Read more…
“Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks,” said the MBA’s Joel Kan. U.S. mortgage rates fell for the Read more…
The term “death spiral” has its origins in the health insurance market and referred to a situation in which premiums become too high and coverage over the insured is no longer viable. Canva What Is Read more…
The New Zealand dollar is almost unchanged on Wednesday. NZD/USD posted strong gains in the Asian session but has surrendered most of those gains. RBNZ shows hawkish teeth The Reserve Bank of New Zealand delivered Read more…
Futures are holding steady on Wednesday after a mixed closed in the previous session, which saw tech stocks take a hammering. US futures Dow futures -0.04% at 31934 S&P futures +0.06% at 3945 Nasdaq futures Read more…
Bitcoin’s fluctuations continue to shrink, meaning the spring is being compressed further. The lower bound of the trading range has moved to $29K, from where the BTCUSD has received support since the start of active Read more…
More and more developed central banks are coming out with the pace of policy tightening in the USA. This morning the Reserve Bank of New Zealand raised its rate by 50 points to 2.0%, repeating Read more…
USDJPY is trading around the lower Bollinger band residing within a support zone which is linking the 127.34 barrier with the rising 50-day simple moving average (SMA) at 126.25, the former being the 23.6% Fibonacci Read more…
“At this point, we have not seen inflationary cost pressures adversely impact customer spending, which we believe is due to the higher income profile and resiliency of our customer base,” said CFO Anne Bramman. Nordstrom Read more…