Several days after the California Department of Motor Vehicles announced that it was revoking General Motors’ (GM) – Get Free Report license to operate its driverless Cruise vehicles, the company said that it is halting its driverless Read more…
US personal income rose 0.3% mom or USD 77.8B in September, below expectation of 0.4%. Personal spending rose 0.7% mom or USD 138.7B, well above expectation of 0.4% mom. PCE price index rose 0.4% mom, Read more…
At the conclusion of a tough week for Big Tech earnings that saw a tech selloff and pushed the major indices into the red, Amazon (AMZN) – Get Free Report and Intel (INTC) – Get Read more…
Just a day before Ford (F) – Get Free Report reported its third-quarter earnings, the United Auto Workers union announced a conclusion to its Ford strike after reaching a tentative agreement with the automaker. The Read more…
Rival oil giants Exxon Mobil (XOM) – Get Free Report and Chevron (CVX) – Get Free Report reported mixed results before the bell Friday, Oct. 27. Exxon, just several weeks after announcing a nearly $60 billion agreement Read more…
ECB’s latest Survey of Professional Forecasters for Q4 presents marginal adjustments to economic outlook for the 2023-2025 period. Also, headline inflation expectations underwent minimal changes for these years. Regarding the HICP, inflation forecast for 2023 Read more…
Several key bearish technical elements have emerged on the CHF/JPY. The Tokyo-area inflationary data for October has surpassed expectations that revive a potential hawkish guidance from the Bank of Japan (BoJ)’s upcoming monetary policy decision Read more…
In the wake of dissapointing Big Tech earnings that pushed several of the major indices into the red, stock futures lifted higher Friday morning as Amazon (AMZN) – Get Free Report led Big Tech over the Read more…
Tokyo Core CPI climbs higher than expected US GDP jumps 4.9% The Japanese yen has steadied after three straight days of losses. In the European session, USD/JPY is trading at 150.11, down 0.19%. Strong Tokyo Read more…
Yesterday, for the first time in 2023, the yen weakened to 150.7 per US dollar. Thus, since the beginning of autumn, the yen has weakened by 3.5%, continuing the trend of 2023, which is due Read more…