Social-media giant Meta/Facebook is betting on a virtual world with uncertain economic prospects. The metaverse is the future, says Facebook, which since late October has called itself Meta Platforms (FB) – Get Meta Platforms Inc. Class A Read more…
The Dollar is continuing its retreat, which started precisely two weeks ago. Over this period, the Dollar Index has retreated 3.5% from the 20-year highs, losing about half of the gains from the last leg Read more…
The Australian dollar is showing strong gains today. In the European session, AUD/USD is trading at 0.7145, up 0.66% on the day. Australia released retail sales earlier today, salvaging what had been a lacklustre week Read more…
US personal income rose 0.5% mom, or USD 89.3B, in April, below expectation of 0.6% mom. Personal spending rose 0.9% mom, or USD 152.3B, above expectation of 0.7% mom. Headline PCE price index slowed from Read more…
The Federal Reserve’s preferred measure of U.S. inflation eased further from multi-decade highs last month, data indicated Friday, adding to investors hopes that consumer price pressures have peaked in the world’s biggest economy. The April Read more…
Contributions you make to a traditional IRA may be tax-deductible. Find out the income and deduction limits and how to report on your taxes. Traditional individual retirement accounts, or IRAs, are tax-deferred, meaning that you Read more…
Sequoia Capital and Y Combinator have told startups that cutting costs is a priority. Venture capital firms such as Sequoia Capital and Y Combinator have sounded the alarm for startup companies that the days of raising Read more…
In a Der Spiegel interview, Bundesbank President Joachim Nagel said, “in our June meeting we must send a clear signal where we’re going. From my current perspective, we must then make the first rates move Read more…
GBPJPY has experienced a sharp decline after peaking at the six-year high of 168.41 in early April. However, the pair has managed to find its feet and is currently trading sideways, while near-term risks seem Read more…
Spot gold regained traction and rose on Friday, following a shallow dip in past two days. Near-term action has established above 200DMA that adds to bullish near-term bias, however it is still ranging between 200DMA Read more…