The fast-food giant has a new dessert item at select locations and that could lead to a sales spike. McDonald’s rarely changes its menu. The Chicago chain has sort of pioneered reliability but has mixed Read more…
BoE Governor Andrew Bailey told the parliament’s Treasury Committee, that higher inflation could hit demand and employment, eventually bring prices down. “This a hard thing to say … but if you get pressure on cost Read more…
Sony’s Playstation is the video game market leader, but Microsoft is coming for the top spot. Sony Group (SNE) – Get Sony Corp. Report appears to be the big loser from Microsoft’s (MSFT) – Get Microsoft Read more…
Markets It finally happened: the German 10y yield turned positive for the first time since April 2019. For six hours. The most important European benchmark rate gapped at the open to 0.004% in a catch-up Read more…
Cryptocurrency adoption suffers a setback as Singapore officials shut down crypto ATMs. In what appears to be a body blow to mainstream adoption, financial regulators in Singapore took cryptocurrency ATMS offline over concerns about trading Read more…
A Tesla driver who was using the autopilot system is facing felony charges after the car crashed into another car and killed two people, media reports say. A California Tesla (TSLA) – Get Tesla Inc Read more…
Consumer price inflation ticked up to 4.8% year-on-year (y/y) in December, in line with market expectations. Energy prices slowed to 21.2% (from 26.4% in November), but excluding energy, prices picked up noticeably, to 3.8% (from Read more…
Cable regained traction and bounced on Wednesday, signaling an end of three-day pullback, sparked by a double rejection at 200DMA (1.3733) last week. Pound was boosted by UK CPI data which showed that inflation in Read more…
Daily Pivots: (S1) 1.1288; (P) 1.1355; (R1) 1.1394; More… Intraday bias in EUR/USD remains neutral first. Outlook is unchanged that rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger Read more…
Daily Pivots: (S1) 1.3561; (P) 1.3611; (R1) 1.3650; More… Intraday bias in GBP/USD remains neutral for the moment. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support to Read more…