Japanese Finance Minister Shunichi Suzuki reiterated that the government is “strongly concerned” about one-sided, rapid yen moves. “We took appropriate action against excessive volatility driven by speculators. The intervention has had a certain effect,” he Read more…
Japan PMI Manufacturing dropped slightly from 51.5 to 51.0 in September, below expectation of 51.1. That’s the lowest reading since January 2021. Manufacturing Output Index dropped from 49.2 to 48.9. PMI Services, on the other Read more…
Atlanta Federal Reserve President Raphael Bostic said on CBS’s “Face the Nation” program, “Inflation is high. It is too high. And we need to do all we can to make it come down.” He added Read more…
Key Highlights EUR/USD declined heavily below the 0.9900 support zone. It broke a major bullish trend line at 0.9970 on the 4-hours chart. GBP/USD also declined sharply below the 1.1000 support zone. Gold and crude Read more…
The pound was broadly (and aggressively) lower during Asian trade CME halted trading of GBP futures GBP/USD touched a record low Combination of the UK’s mini budget and flight to the dollar weigh on sterling Read more…
The retailer has a new strategic plan. History says it won’t matter. Best Buy (BBY) – Get Best Buy Co. Inc. Report has a fairly unique story in the retail world. The electronics chain appeared Read more…
Preparing for holiday travel early this year is a must. After travel bans and stay at home orders from the covid-19 pandemic, everyone is itching to get out and travel. The entire travel industry was Read more…
Tesla’s billionaire CEO has a chance to expand his influence, but he can also give his critics new ammunition. It’s money time for Elon Musk. If summer is behind now, autumn is off to a Read more…
The casino operator was expected to sell the Flamingo but the deadline for that deal appears to have come and gone. Selling an asset on the Las Vegas Strip, at a time when any property Read more…