U.S. beef supply could tighten in the coming year due to falling domestic production and lower carcass weights, while pork production is expected to rise in 2023. The differing supply-demand dynamics of the domestic pork Read more…
Hawkish Fed bets, weakening global growth prospects and a dearth of currency options is keeping the dollar within touching distance of it recent two-decade highs. The U.S. dollar, deep in the throes of its strongest Read more…
The British Pound started a major decline from the 1.2000 resistance zone against the US Dollar. The GBP/USD pair declined heavily below the 1.1900 and 1.1880 levels. It traded as low as 1.1717 and recently Read more…
The Wall Street Journal reports that Bed, Bath & Beyond has secured a loan deal after burning through $500 million over its fiscal first quarter. Bed, Bath & Beyond (BBBY) – Get Bed Bath & Read more…
Bears are pausing for the second day but remain in play after hitting new lowest in two decades. Tuesday’s bullish Doji and oversold conditions on daily chart suggest that the action may hold in a Read more…
“Our gaming product sell-through projections declined significantly as the quarter progressed,” CEO Jensen Huang cautioned on August 8. Nvidia Corp. (NVDA) – Get NVIDIA Corporation Report shares edged lower Wednesday ahead of its closely-watched second quarter Read more…
“We had to take deeper markdowns than anticipated to move clearance inventory, and we expect that dynamic to continue in the second half of the year,” said chief brand officer Pete Nordstrom. Nordstrom (JWN) – Read more…
Stock futures edge higher with Fed retreat in focus; oil prices march higher amid OPEC production cut worries; Twitter shares steady as whistleblower complaint reaches Congress; Nordstrom shares dive after cutting 2022 profit forecast and Read more…
After a steep rise in interest rates around the world, it’s natural to question at what point central banks will stop. This is where bankers start using a technical term: “neutral level”. The thing is, Read more…
Markets have clearly been anxious in the lead up to Jackson Hole, as investors and traders await the next policy clues out of Fed Chair Powell later this week. The declines in equities and bonds Read more…