Market Overview The crypto market capitalisation has been rapidly shrinking since the start of the new week, falling by 5% to $2.38 trillion, its lowest level since early April. It appears that confidence in the Read more…
Markets EMU May flash CPI data were close to/tentatively higher than expected, rubberstamping expectations for the ECB to raise its policy rate next week by 25 bps. Headline inflation increased 0.1% m/m and 3.2% Y/Y, Read more…
The AI trade has spent two years being almost entirely about GPUs. Nvidia dominates that conversation, and most of Wall Street has been happy to let it. Tom O’Malley at Barclays just said that framing Read more…
If you’re a gold fan, these are trying times. At least in the short run. Just ask Ed Yardeni, who has been a gold fan for years, not to mention a prominent stock-market bull. As Read more…
Federal Reserve Bank of Cleveland President Beth Hammack delivered one of the more hawkish messages from a Fed official in recent weeks, warning that inflation risks are becoming increasingly difficult to ignore. While she stopped Read more…
The Japanese Yen is once again approaching the intervention red line around 160 per dollar, despite growing confidence that the Bank of Japan will raise interest rates later this month. Overnight index swaps are currently Read more…
Apple rarely invents a market. It waits. The company lets someone else take the risk, watches a category mature, then walks through the front door and takes the customers. By the time the incumbents understand Read more…
An iconic American seafood chain is preparing to close a restaurant in one of the world’s most visited tourist districts. It marks the end of a 23-year run at a prominent urban location as the Read more…
Most traditional finance companies treat crypto as a side project. They run a pilot, publish a press release, and move on. Mastercard (MA) has spent the past two months doing something harder. First, it spent 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 With summer in full swing, hanging Read more…