Summary The FOMC raised its target range for the federal funds rate by 75 bps today, which was widely expected. Today’s statement was very similar to the one that was released after the last meeting Read more…
The Fed hiked rates by 75bps to bring the Fed Funds rate to the 3.75%-4.00% range, as expected. For a complete rundown and FOMC recap, see my colleague Matt Weller’s article here. Why was it Read more…
As we noted in our FOMC meeting preview report, the market had a 75bps interest rate hike priced in for weeks, and not surprisingly, that’s exactly what the central bank delivered. Therefore, we haven’t seen Read more…
EURJPY reversed from multi-year resistance level 148.00 Likely to fall to support level 144.00 EURJPY currency pair recently reversed down from the multi-year resistance level 148.00 (which stopped the sharp uptrend in 2014), standing above Read more…
While National Football League team revenues soar, market value follows. And the sale of a team becomes a massive financial event. The Washington Commanders National Football League (NFL) team may be up for sale, in Read more…
Twitter could be making big changes to their terms of service regarding adult content –and how to monetize it. Welp, Elon Musk bought Twitter and the internet has been broken ever since. It’s all anyone Read more…
The successful entrepreneur casts doubt over the perception that philanthropy is making a lot of progress. Mark Cuban is sad. And the reason for this sadness can be found in something that may come back Read more…
The Florida theme park has decided to close several well-loved rides based on popular characters. Popular theme parks, such as those operated by Disney (DIS) – Get The Walt Disney Company Report and Comcast’s (CMCSA) – Read more…
The cruise line is blaming inflation for an end to a long-standing cruise practice (and an increase in the cost of specialty dining). Many cruise passengers — at least when it comes to food — Read more…