The Bank of Canada (BoC) held its policy rate at 2.25%, noting that maintaining the current setting “balances” the competing risks of economic weakness and rising inflation. The opening statement pointed to the weaker growth Read more…
Billions of dollars and a clear vision for the Artificial Intelligence infrastructure race may not be enough when a single rural county can bring the entire plan to a fall. Kevin O’Leary, the Shark Tank Read more…
Markets US May CPI inflation printed near consensus. Headline CPI rose by 0.5% M/M with the annual figure breaching the 4% mark for the first time since April 2023 (4.2% from 3.8%). Core inflation increased Read more…
The American consumer has spent years absorbing shocks that economists expected to break spending. Covid pandemic disruptions, the fastest inflation in four decades, aggressive interest rate hikes, and the Iran war energy price surge in Read more…
Anyone who has spent time watching how institutional fixed income trading actually works knows the frustration. You have a bond to buy or sell. You have a list of dealers who might quote it. And Read more…
The Bank of Canada left its overnight rate unchanged at 2.25% as expected. The accompanying statement revealed a central bank that is far less concerned about the recent rise in inflation than the headline numbers Read more…
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The conflict in the Middle East is now in Read more…
When you’re younger, retirement is the sort of thing you might find yourself daydreaming about often. When you’re at the tail end of your career and it’s close to becoming reality, it can be thrilling Read more…
Nvidia (NVDA) has spent most of the AI boom dealing with “good” problems, chief among them that its most important chips remain very hard to get. According to TheFly, Wedbush analyst Matt Bryson just revisited Read more…
The Consumer Price Index (CPI) rose by 0.5% month-on-month (m/m) in May, meeting the Bloomberg consensus forecast. On a twelve-month basis, CPI jumped 4.2% – the fastest rate of growth in three-years. Higher energy costs Read more…