Third quarter U.S. GDP remained exceptionally strong, accelerating to an annualized rate of 4.9%. That was also the fifth consecutive increase since Q2/22 and largest since Q4/21. A jump in the volatile inventory component accounted Read more…
Markets The ECB as expected paused the hiking cycle it started in July last year by leaving its deposit rate unchanged at 4% as recent information confirmed its assessment on the inflation outlook. Inflation is Read more…
BP Pulse — an offshoot of the oil giant that specializes in electric vehicle charging — has placed a $100 million order of Tesla’s ultra-fast EV chargers. The investment, according to the company, comes as part of Read more…
Amid the rush of people taking trips that they’ve been putting off during the pandemic, 2023 has generally been a profitable time to be an airline. Delta Air Lines (DAL) – Get Free Report recently reported a Read more…
Offering new flavors of classic treats has become a new trend. It’s a smart marketing strategy as it’s much easier to explain a new flavor of a familiar item than it is to introduce a Read more…
Real GDP expanded by 4.9% quarter-over-quarter (q/q, annualized) in the third quarter of 2023 – more than double the rate of expansion seen in the second quarter. The reading came in slightly ahead of the 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 Thursday, October 26. Full Video Transcript Below: J.D. DURKIN: I’m J.D. Durkin – Read more…
Daily Pivots: (S1) 1.0552; (P) 1.0580; (R1) 1.0593; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.0522 support will confirm rejection by 55 D EMA, and retain near Read more…
Euro is trading as the worst performer for the today so far, but there is no extended selloff after ECB’s decision to hold interest rates unchanged. President Christine Lagarde’s press conference reiterated that current rates Read more…
Daily Pivots: (S1) 1.2085; (P) 1.2131; (R1) 1.2156; More Intraday bias in GBP/USD remains neutral as it’s still bounded in range of 1.2036/2336. Downside breakout is in favor with 1.2336 resistance intact. On the downside, Read more…