Uber stock is rallying on better-than-expected earnings. There are now two key upside levels to focus on. Uber (UBER) – Get Uber Technologies Inc. Report shares are giving long investors the reaction they wanted: a nice Read more…
The RBA hiked interest rates earlier today by 50bps to bring the cash rate to 1.85%. However, the Aussie sold off as the RBA said that although it still plans to raise rates in the Read more…
Bank of England’s “steady as she goes” approach to interest rate hikes (25 basis points) has been heavily criticized while other major banks have been more forceful in their approaches to tacking inflation. While this Read more…
A number of airports are placing caps on the number of flights that can depart on a given day. Even a year ago, the number of people who pass through an airport on a given day Read more…
Cowen analysts recently suggested that cannabis companies could have a tough time. More than 20 are expected to report financials in August. Last week, Tilray (TLRY) – Get Tilray Brands Inc. Report and Turning Point Brands Read more…
San Francisco Fed President Mary Daly said Fed is “nowhere near almost done”, with inflation. “We have made a good start and I feel really pleased with where we’ve gotten to at this point.” “It Read more…
Chicago Fed President Charles Evan said that is things “weren’t improving”, the 50bps rate hike in September is a “reasonable assessment”, but 75 bps “could also be ok”. He added “I doubt that more would Read more…
With the US economy teetering on the edge of recession, all eyes will be on the latest employment data at 12:30 GMT Friday. Another solid jobs report is expected, yet various indicators suggest the labor Read more…
The Bank of England is widely tipped to raise interest rates for the sixth straight meeting on Thursday (11:00 GMT). But there is a bit of uncertainty about the size of the hike as policymakers Read more…
Gold’s price was on the rise for the past few days as the greenback tended to weaken. The negative corelation of the two trading instruments came once again on display, as the precious metal is Read more…