The Fed’s preferred inflation gauge came in slower than Street forecasts Friday, helping pare bets on big rate hikes between now and the end of the year. The Federal Reserve‘s preferred measure of U.S. inflation Read more…
Canada GDP rose 0.1% mom in August, above expectation of 0.0% mom. Services-producing industries grew 0.3% mom but goods-producing industries contracted -0.3%). 14 of 20 industrial sectors grew. Advance information indicates that GDP growth continued Read more…
The jumped vs yen on Friday after BoJ left its ultra-loose monetary policy unchanged, retracing 38.2% of post-intervention pullback from 32-year high at 151.94, which found footstep at 145.10 on Thursday. Doji morning star reversal Read more…
The Canadian dollar is lower today. In the European session, USD/CAD is trading at 1.3617, up 0.39%. Markets eye Canada’s GDP The week wraps up with Canada’s GDP for August. The economy is expected to Read more…
Big tech earnings continue to underwhelm, testing the market’s solid October rally ahead of key inflation data prior to the opening bell. U.S. equity futures edged lower Friday, with the Nasdaq leading the declines, following Read more…
GBPJPY has experienced significant moves in the short term, with the price losing around 11% before recovering back to form a fresh 6½-year high of 170.59. In the last couple of sessions, the pair has been trading Read more…
“We reported record revenue of $90.1 billion, which was better than we anticipated despite stronger-than-expected foreign currency headwinds,” said CEO Tim Cook. Apple (AAPL) – Get Apple Inc. Report shares edged higher Friday trading after a Read more…
“The continuing impacts of broad-scale inflation, heightened fuel prices and rising energy costs have impacted our sales growth,” said CFO Brian Olsavksy. Amazon (AMZN) – Get Amazon.com Inc. Report shares slumped sharply lower in pre-market trading Read more…
“We are responding to the current environment by taking aggressive actions to reduce costs … including steps to optimize our headcount,” said CEO Pat Gelsinger. Intel (INTC) – Get Intel Corporation Report shares jumped higher Friday Read more…
Stocks futures lower as big tech crashes earnings party; Apple edges higher after Q4 earnings beat, iPhone 14 hopes; Amazon pummeled as soft holiday sales outlook clouds Q3 earnings; Intel powers higher as job, cost Read more…