Key takeaways FICA taxes are the taxes that are taken out of your paycheck to fund Social Security and Medicare.Self-employment tax is a tax paid by self-employed individuals to cover the costs of Social Security Read more…
The S&P 500 is poised to rebound firmly from yesterday’s brutal selloff, a top Wall Street analyst predicated Tuesday, suggesting the biggest decline in two years is an isolated event that will be offset by Read more…
Yen rallies on cocktail of developments BoJ Summary could offer more policy clarity The report will be published on Wednesday at 23:50 GMT Yen skyrockets more than 12% after intervention After hitting a 38-year low Read more…
The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at Read more…
Check back for updates throughout the trading day U.S. equity futures looked to rebound from yesterday’s brutal selloff in early Tuesday trading, with Treasury bond yields moving higher amid selling in safe-haven assets, as investors Read more…
Eurozone retail sales volume fell -0.3% mom in June, worse than expectation of -0.2% mom. Retail trade decreased for food, drinks, tobacco by -0.7%, and for non-food products (except automotive fuel) by – 0.1%. Retail Read more…
UK PMI Construction rose from 52.2 to 55.3 in June, highest reading since May 2022. S&P Global noted that activity rose amid much faster increase in new orders. Employment increased for the third month running. Read more…
The RBA left rates on hold in August as we expected, but their rhetoric and view of aggregate demand were surprisingly hawkish. Given the Board apparently does not see its way to cutting rates this Read more…
AUDUSD bounces back from its lowest point in nine months Short-term risk skewed to the upside; close above 0.6500 needed RBA maintains steady policy; pushes back rate cut timing AUDUSD encountered a significant drop to Read more…
Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market Read more…