Summary United States: Good Grief Financial markets reacted in a zig-zag pattern to this week’s economic data. Consumer prices surprised to the upside, led by core goods inflation showing little signs of slowing. At the Read more…
Coffee-bar chain Starbucks has been a leader in the digital space, but its new efforts seem like a terrible idea. Starbucks (SBUX) – Get Starbucks Corporation Report pioneered the modern loyalty program with its use Read more…
We expect Fed to hike 75bp next week – the market is more upbeat and see a possibility of a 100bp hike. Real yields are rising and financial conditions have tightened, which means Fed’s hawkish Read more…
New Canadian inflation data will set the stage for more hikes from the Bank of Canada. Next week’s report lands just after a surprisingly firm U.S. inflation reading for August (which likely cemented at least Read more…
A crucial week is coming up for the markets as no less than four central banks are scheduled to announce their latest monetary policy decisions. There is a strong possibility of a 75-basis-point rate hike Read more…
Amazon’s founder and executive chairman was the world’s richest man for several years before falling to second place. It might be a matter of days. But it seems inevitable that Jeff Bezos will lose the Read more…
The energy crisis in Europe and inflation developments continue to be a key market focus. The EU commission this week introduced a number of proposals to mitigate the impact of the energy crisis. The commission Read more…
USD/JPY hovers under 24-year high The Japanese yen steadies as the government signals a market intervention. A rapid rise in interest rates across the globe has cut investors’ appetite for Japanese assets. Japanese officials have Read more…
The fast-food chain has a new burger that’s a secret menu/menu hack item at its key rival. A menu hack is when someone orders items that are on the menu to create something that isn’t. You Read more…
Markets RIP cable. GBP/USD in early European trading slipped below the 1.1412 support (2020 low). At 1.138, the currency pair is trading at its weakest level since 1985. It’s a long way still, but from Read more…