Jerome Powell is likely to lay out a relatively hawkish outlook for monetary policy in our view, prompting traders to start pricing in a 75bps interest rate hike next month as the odds-on scenario… What Read more…
With the Jackson Hole Symposium this Thursday and Friday and the Fed stating that it is “data dependent”, the US data matters more at this point. PMIs out of Europe and the US are causing Read more…
Cable is trading near new multi-month low (1.1717) posted today, keeping firm bearish stance, additionally boosted by terrible UK manufacturing PMI data for August that add to fears the economy is sliding into recession. Bears Read more…
The British pound has jumped 0.82% today, as the currency has rebounded somewhat from its worst week of the year. GBP/USD plunged 2.53% last week, as the US dollar has found its mojo after weeks Read more…
US indices fell rather dramatically in the last two sessions. There were a couple of factors contributing, but the Jackson Hole symposium later in the week is seen as a risk catalyst. But in early Read more…
Twitter’s former head of security Peiter Zatko came out as a whistleblower against the company. You know things are going to reverberate when a past security chief accuses Twitter (TWTR) – Get Twitter Inc. Report of Read more…
Zoom Video stock is off on Aug. 23 after the provider of videoconferencing and other tech services missed sales expectations. Zoom Video (ZM) – Get Zoom Video Communications Inc. Report on Tuesday has been trying to Read more…
Here’s what’s included in the Inflation Reduction Act and what it can mean for you and your taxes. On August 18th the President signed the Inflation Reduction Act of 2022 into law, which includes new Read more…
Burger King looks to answer McDonald’s’ recent menu changes. In the 1980s fast-food innovation exploded. McDonald’s (MCD) – Get McDonald’s Corporation Report had perhaps the biggest invention when in 1983 it added Chicken McNuggets to its menu. Read more…
Markets: The market focus temporary shifted from Fed Powell’s assessment on monetary policy at Friday’s Jackson Hole symposium to the EMU growth outlook. Activity in the EMU as measured by the PMI’s as expected/feared again Read more…