Canadian GDP likely continued its upward climb in April. We expect output to have risen 0.3% in the month, slightly more than Statcan’s initial 0.2% estimate a month ago. We look for a similar gain Read more…
U.S. Highlights Existing home sales fell 3.4% in May, extending the losing streak to four months. The months’ supply of inventory recorded an uptick, rising to 2.6. This was up from 2.2 months in April Read more…
As a result of inflation and manufacturing data, fears started creeping into the markets of the dreaded “R” word – Recession. OPEC+ meets this week on Wednesday and Thursday to discuss whether it should increase Read more…
Further turbulence ahead? Financial markets enjoyed a little reprieve last week following a raft of central bank announcements the week before. Next week sees the focus remain on policymakers, with many set to appear at Read more…
As mortgage rates hit fresh highs, there’s something unusual going on with the real estate market. The latest news out of the housing market isn’t good. Mortgage rates are soaring, and sales are dropping. The Read more…
Due to the S&L Crisis of the 1980s, The Federal Deposit Insurance Corporation (FDIC) now insures S&L deposits. tinabelle from GettyImages for iStockphoto; Canva What Was the Savings & Loan Crisis? In the 1980s, there Read more…
Does Baz Luhrmann’s biopic do justice to the King? The late, great critic Lester Bangs said “we will never agree on anything as we agreed on Elvis,” in his 1977 obituary for the legendary performer. Read more…
Volkswagen is slated to debut the pre-production concept of its ID. AERO electric limousine. The fight for the future begins on Monday. Volkswagen (VWAGY) – Get Volkswagen AG ADR Report is launching a new weapon in Read more…
Airline sees travel challenges continuing, but there’s hope that one factor will ease. United Airlines (UAL) – Get United Airlines Holdings Inc. Report is gearing up for a rough summer as it cuts its flight schedule Read more…
Price surges are causing 85% of Americans to change their buying habits, according to a survey. Inflation is roaring, with consumer prices soaring 8.6% in the 12 months through May, a 40-year high. It’s no Read more…