US initial jobless claims dropped -12k to 214k in the week ending October 15, lower than expectation of 235k. Four-week moving average of initial claims rose 1k to 212k. Continuing claims rose 21k to 1385k Read more…
Another leg higher in bond yields has markets on edge, but solid earnings are pushing stocks into the green heading into the Thursday session. U.S. equity futures edged modestly higher Thursday, although investors remain way Read more…
So, the USD/JPY crossed yet another milestone today as the yen fell to 150 per US dollar. This was the lowest level for the embattled Japanese currency since August 1990. Everyone and their dog were Read more…
As fears of a recession start to settle in, commodity currencies have been on the backfoot despite offering comparably better real rates. Canada has been a particular example of this phenomenon, with its dollar weakening Read more…
“We remain confident in our ability to achieve, or surpass, all our financial commitments for the year,” said CEO John Stankey. AT&T Inc. (T) – Get AT&T Inc. Report posted stronger-than-expected third quarter earnings Thursday, and Read more…
Even as the JPMorgan Chase CEO continues to offer vocal criticism of the trend, the nation’s largest bank makes a key hire in the space. JPMorgan Chase & Co. CEO Jamie Dimon, who runs the Read more…
BoE Deputy Governor Ben Broadbent said in a speech that firstly, “for as long as it’s in place, the government’s Energy Price Guarantee has the effect of limiting headline inflation and, to that extent, any Read more…
Many tech groups have begun a cure of austerity in anticipation of a recession. For many months now, tech companies have been preparing for the economic downturn to worsen. The CEOs of various tech flagships Read more…
In some places, as many as a quarter of tenants are struggling to pay rent. Here’s where it’s worst. Catching up on a missed rent payment isn’t easy. As renters fall further behind, the outlook Read more…
The CEO of Tesla is in the process of finalizing the acquisition of the social network for $44 billion. This is the saga of the year in business circles. A saga whose main protagonist is Read more…