“Those young people would be able to afford houses if they would just spend less on travel and eating out!” Those words have, in different forms, been uttered by many members of the older generations Read more…
This has been an interesting year for the retail space. Three of the largest U.S. retailers, Walmart (WMT) , Target (TGT) and Amazon (AMZN) , have been trying to outdo one another as they vie Read more…
We expect the RBNZ will leave the OCR at 5.5% at its April policy review. We think the RBNZ will remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. GDP growth Read more…
Investors have second thoughts about a Fed rate cut in June Dollar benefits from latest market repricing Spotlight turns to the NFP data on Friday at 12:30 GMT Data and Fed rhetoric weigh on Fed Read more…
Remy Blaire brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Wednesday, April 3. Related: Analysts overhaul Tesla stock price targets after deliveries debacle Full Read more…
Markets: EMU Flash March CPI ‘eased’ slightly more than expected from 2.6% Y/Y to 2.4% Y/Y. Core inflation (ex-energy) dropped from 3.1% to 2.9%, the first sub 3% reading since February 2022. Food price inflation Read more…
US ISM Services PMI fell from 52.6 to 51.4 in March, below expectation of 52.8. Business activity/production ticked up from 57.2 to 57.4. New orders fell from 56.1 to 54.4. Employment rose slightly from 48.0 Read more…
Malls are dying. Blame Amazon. That’s a popular refrain that many people believe, but it’s not actually true. “Shopping mall foot traffic is nearing pre-pandemic levels, but not everything is the same — that’s a Read more…
In a CNBC interview today, Atlanta Fed President suggested that rate cuts could be on the horizon by the end of 2024, contingent on the economy’s performance. Bostic outlined a scenario where “continued robustness in Read more…
Key takeaways Most business tax returns can be extended by filing Form 7004. You must file it by the original due date of the return.If you need an extension, check with your state taxing authority Read more…