The metaverse is the Next Big Thing, Facebook Chief Zuckerberg says. But sometimes he gives the impression that he himself doesn’t believe it. Mark Zuckerberg says the metaverse is the next big thing. And to show Read more…
Summary United States: Expansion Not Yet Heading to the Gallows An increase in real retail sales by our estimates and a rebound in industrial production in July offered evidence beyond recent jobs data that the Read more…
Foot Locker shares are racing higher on Friday following better-than-expected earnings. But beware of resistance. Shares of Foot Locker (FL) – Get Foot Locker Inc. Report are racing higher, up 20% on Friday after the sports-apparel Read more…
Who will save the global economy if the main engine of global economic growth, China, is slowing down? As growth in major global economies slows a result of high inflation, many hoped that China would Read more…
Cable extends sharp fall after eventual break of pivotal 1.20 support, pressured by growing concerns about inflation-growth puzzle which boosts fears that the economy is heading into recession and fresh hawkish comments from Fed policymakers. Read more…
The July UK sales data was much better than expected. However, with the worse inflation data and employment data this week, combined with a strong US Dollar, couldn’t hold up GBP/USD and the pair may Read more…
Regal Cinemas parent Cineworld is evaluating ways to generate liquidity and possibly restructure the balance sheet, a media report says.. Regal Cinemas, one of the world’s largest theater chains, is preparing to file for protection Read more…
The young Tesla rival struggles to mass produce vehicles. Rivian (RIVN) – Get Rivian Automotive Inc. Report has a knack for getting into trouble. The upstart manufacturer of electric vehicles has been in a not so Read more…
Exceptionally tight labour market conditions showed no sign of loosening in June. And next week’s Survey of Payrolls and Hours (SEPH) is expected to reinforce that message. Employment growth has slowed—as small outright declines in Read more…
Macroeconomic indicators this week pointed to further headwinds for the global economy. In the US, the New York Empire Manufacturing Index slumped to -31.3 (from 11.1) in August, the lowest level since slump after the Read more…