U.S. Highlights The Federal Reserve raised interest rates by 75bps for the third consecutive meeting, bringing the federal funds rate to its highest level in 14 years. FOMC Chair Powell reiterated his Jackson Hole speech, Read more…
Cable traders will remember today for a LONG time. The UK government’s announcement of a “mini” budget cutting taxes and capping energy bills has spooked international investors, leading to a surge in UK gilt yields Read more…
On the back of fresh data via the PMI flashes out of the EU and UK, which showed that both economies are in contractionary territory, the EUR/USD and GBP/USD are trading lower on the day. Read more…
AT&T has been crushed this year, down more than 40% from its high. But now the stock nears a key area on the charts with a 7% dividend yield. AT&T (T) – Get AT&T Inc. Read more…
Costco stock is falling after the retailer’s earnings report. The chart has two main levels of interest. Costco Wholesale (COST) – Get Costco Wholesale Corporation Report is down about 3% on Friday after reporting earnings on Read more…
You may not have known this was an issue for the warehouse club, but members will be very happy with a big change Costco has made. The pandemic made the average American think a lot Read more…
A median home in Iowa costs $147,800 or 10.6% of a median salary a month in mortgage payments. While the primary principle of making money through real estate is always location, shopping for a primary Read more…
If your view of steel mills is smokestacks belching soot, U.S. Steel’s chief sustainability officer, Rich Fruehauf, would like a word with you. When you think of a steel mill, you most likely conjure images of Read more…
The sell-off in the British markets intensified on Friday. Traders seem to have held back from action until last in the run-up to the Bank of England rate decisions and the interim budget announcement. Both Read more…
With the Fed meeting out of the way, a quieter week is on the horizon, barring of course any flare up of tensions between Russia and Ukraine. Either way, the spotlight will probably fall on Read more…