In a blog post, Atlanta Fed President Raphael Bostic said, “I don’t think we are done tightening”. As inflation remains “too high”, Fed’s policy stance ” will need to move into restrictive territory if inflation is Read more…
ECB Governing Council member Madis Muller said, “I think 75 basis points should be among the options for September given that the inflation outlook has not improved.” “Still, I’m going into the meeting with an Read more…
Shares of Relay Therapeutics surged in late August. Durable rally or not, the future for this emerging biotech is bright. A handful of trendy biotech stocks in early August got swept up in meme-stock mania. Relay Therapeutics Read more…
The theme park giant has found that customers can’t get enough Star Wars, pretty much no matter the cost. Walt Disney (DIS) – Get The Walt Disney Company Report buying Lucasfilm, the owner of “Star Read more…
The latest US employment report will be released at 12:30 GMT Friday and will test the notion that the economy is in solid shape. Business surveys point to some softness in jobs growth, but nothing Read more…
EUR/USD has edged higher for a second straight day, but has pared today’s gains. In the North American session, EUR/USD is trading at 1.007, up 0.09%. German inflation rises to 7.9% German CPI is estimated Read more…
Building a new Las Vegas Strip casino is rarely easy or quick, and a new dream project has hit an interesting snag. Building a resort/casino — even one that’s small compared to the megaresorts owned Read more…
Markets National European August inflation readings today printed in line with forecasts. Spanish inflation was slightly lower compared with July (10.3% Y/Y from 10.7% Y/Y), but remains in double digit territory. German inflation accelerated as Read more…
US Conference Board Consumer Confidence rose notably from 95.3 to 103.2 in August, above expectation of 97.6. Present Situation Index rose from 139.7 to 145.4. Expectations Index rose from 65.6 to 75.1. “Consumer confidence increased Read more…
AUDUSD is finding strong support near the short-term ascending trend line and the 0.6855 barrier, after it spiked towards a new six-week low at 0.6840. The RSI indicator is gaining some momentum, mirroring the market’s Read more…