The asset manager Cathie Wood also purchased and sold shares of well-known companies for her funds. Hotshot investor Cathie Wood, chief executive of Ark Investment Management, bought an autonomous-vehicle stock and a digital-products maker’s stock Read more…
The Dunkin Donuts menu has some new things to offer. While fast food chains once released one or two limited-edition items for summer, that has quickly morphed into full-on seasonal menus. You saw it with Read more…
Philadelphia Fed’s Harker said he’s “not ready to make a final decision” on the next rate hike yet. “If we start to see demand soften — and we are seeing some signs that demand is Read more…
In the prepared remarks for his semi annual testimony to Congress, Fed chair Jerome Powell said, “over coming months, we will be looking for compelling evidence that inflation is moving down”. “We anticipate that ongoing Read more…
The chicken wing chain is also introducing a happy hour for food and drink discounts. While the word “wings” is in its name, Buffalo Wild Wings (BWLD) is also known for its tenders — hand-battered chicken strips Read more…
Markets Here we go again. It has been a reliable roadmap over the past few months: the inflation scare dominates in the run-up to actual price data releases and central bank meetings at which policymakers Read more…
Spot gold edged higher on Wednesday after three days in red, boosted by risk aversion on lower stocks, political uncertainty and fears of recession, as raging inflation hurts economies while major central banks raise interest Read more…
European stock markets are falling heavily again on Wednesday, reminding us all once more why we shouldn’t get excited by the bear-market rallies. There’s a desperation to add substance to the, often sizeable, rallies that Read more…
The Japanese yen leads in losses against the dollar amongst the G10 currencies. And so far, there are indications that the USDJPY’s rising trend will only be interrupted by technical corrections in the coming weeks Read more…
Consumer price inflation heated up in May, rising to 7.7% year-on-year (y/y), up from 6.8% in April. That was the fastest pace since January 1983, and higher than forecasters, including ourselves, were expecting. Gasoline prices Read more…