Apple stock on July 18 dealt a knockout punch to the stock market. It’s holding support for now but is still struggling with resistance. The stock market opened higher and rallied on Monday, but it Read more…
While they’re anxious about the economy, U.S. families are letting it fly on back-to-school spending. Kudos to the Great American Consumer as the nation’s kids gear up for the first day of school. It’s one Read more…
Recovery picked up on Tuesday, boosted by fresh risk appetite and hawkish stance from the Reserve Bank of Australia. The minutes of RBA’s July policy meeting, released today, showed the central bank is on track Read more…
In a speech, BoE Governor Andrew Bailey said, ” 50 basis point increase will be among the choices on the table when we next meet”. But “50 basis points is not locked in, and anyone who Read more…
Veteran carmaker GM introduces a new electric model to compete with two of Tesla and Ford’s best-selling models. General Motors (GM) – Get General Motors Company Report is pulling out all the stops to catch up Read more…
The European Central Bank is expected to embark on its first rate hike cycle in more than a decade on Thursday. The Bank will announce its decision at the new time of 12:15 GMT, followed Read more…
There is a level of uncertainty in terms of whether it will be 25 or 50 basis point rate hike. This week’s most eagerly anticipated macro event is the European Central Bank policy decision, which Read more…
Lithium is a key metal used in powering electric vehicles, and demand may increase alongside electric car sales. Canva Why Is Lithium Important? Lithium is an important raw material used to power devices that have Read more…
Markets The debate about a 25 or 50 bps ECB rate hike is at least as hot as temperatures outside today. It is the central bank itself, or rather “people familiar with the discussions”, that Read more…
The CDC has dropped its voluntary program to monitor cruise ships. Does that mean covid-testing requirements and vaccine mandates will be dropped? The Centers for Disease Control and Prevention kept Royal Caribbean (RCL) – Get Read more…