“We have the ability to invest in innovation, grow our dividend, execute strategic acquisitions, and take this action to deliver shareholder returns,” said CEO Joaquin Duato. Johnson & Johnson (JNJ) – Get Johnson & Johnson Read more…
The Japanese yen has posted sharp gains today. USD/JPY is trading at 143.09, down 1.00% on the day. Is Japan planning a currency intervention? The yen has taken investors on a roller-coaster ride this week. Read more…
A crippling rail strike, which could cost the U.S. economy $2 billion a day and stoke further inflation pressures, is set to begin Friday. U.S. Secretary of Labor Marty Walsh will host a meeting between Read more…
Traders are pricing in a 34% chance or a 1 percent rate hike from the Fed next week, the biggest in nearly forty years, following yesterday’s hot August inflation print. Interest rate traders have rekindled Read more…
“We are building on our 51-year history of market leading innovation to position our business and our brand for the next chapter of growth,” said interim CEO Howard Schultz. Starbucks (SBUX) – Get Starbucks Corporation Read more…
Stock futures attempt clawback after Tuesday carnage; Traders betting on 100 basis point Fed Twitter slides after shareholders vote to approve Musk takeover; Starbucks leaps after boosting near-term profit goals and President Biden pushes for Read more…
Eurozone industrial production dropped -2.3% mom in July, much worse than expectation of -0.8% mom. Production of capital goods fell by -4.2%, durable consumer goods by -1.6% and intermediate goods by -0.8%, while production of Read more…
USD is up across the board on hawkish FED policy speculation after the US CPI data came higher than expected. The USD is very strgon and almost erased all of the losses vs other currencies Read more…
Market picture Bitcoin collapsed 9.6% on Tuesday, ending the day near $20.2K, which remains on Wednesday morning. Ether is losing 6.4% overnight to $1610. The most significant altcoins took a heavy hit, losing between 4.6% Read more…
The Australian dollar is licking its wounds today, after a brutal collapse on Tuesday. AUD/USD is trading at 0.6739 in the European session, up 0.12%. US inflation sends USD soaring On Tuesday, I noted that Read more…