A jury on Thursday found Sam Bankman-Fried, the founder of crypto platform FTX, guilty of all seven criminal counts that had been brought against him. The former billionaire now faces a maximum prison sentence of Read more…
Reserve Bank of Australia could raise rates on Tuesday Chinese trade and inflation stats also in the spotlight UK economy likely contracted in Q3 – can sterling hold on? RBA decision will be a close Read more…
The U.S. economy is consumer-based, and while there hasn’t been a complete loss of consumer confidence, there has certainly been an erosion over the past few years. The IBD/TIPP Economic Optimism Index dropped to 36.3 Read more…
RBA could announce a 25bps rate hike at its November meeting Hawkish bias could be maintained if quarterly forecasts revised higher Aussie/dollar’s current upleg could pick up speed after RBA meeting The meeting statement will be released on Read more…
Markets were not spooked by Halloween as equities climbed significantly higher while rates and the index of fear (the VIX) declined during the week. The market moves were driven by weaker US data, dovish market Read more…
AUDUSD breaks familiar resistance zone after dissapointing NFP data Technical signals improve, but some caution necessary AUDUSD rose rapidly in the wake of a weaker-than-expected US jobs report, crossing above the long-term constraining line from Read more…
Warren Buffett’s right-hand man, Charlie Munger, is 99 and has witnessed a good deal of history first-hand. He has worked as a high-powered lawyer and has been vice chairman of Berkshire Hathaway BRK.A BRK.B for 45 years. So Read more…
US ISM Services fell from 53.6 to 51.8 in October, below expectation of 53.2. Business activity/production fell from 58.8 to 54.1. New orders rose from 51.8 to 55.5. Employment dropped from 53.4 to 50.2. Prices Read more…
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, November 3. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin, reporting Read more…
Market picture Crypto market investors rush to lock in profits from the recent growth, selling off coins. Capitalisation has rolled back to 1.27 trillion (-2.8% in 24 hours). Such dynamics fit pretty well into the Read more…