The People’s Bank of China announced today that it will lower the foreign exchange risk reserve requirement for financial institutions purchasing foreign exchange via forwards to zero from 20%, effective March 2. The move reverses Read more…
Japan’s industrial production rose 2.2% mom in January, marking the first increase in three months, though falling well short of expectations for a 5.5%. . Production expanded in 13 of 15 sectors, with automakers posting Read more…
The trucking industry has faced economic challenges, known as the Great Freight Recession, for almost four years, as firms battle reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance driven Read more…
Inflation in Tokyo eased further in February, with core CPI (ex-fresh food) falling to 1.8% yoy from 2.0% yoy. While slightly above market expectations of 1.7% yoy, the reading marks the third straight monthly slowdown Read more…
AI can speed up the drudge work and allow humans to redirect effort to higher-value tasks. But if the drudge work is demonstrating compliance with regulation, will the regulators allow this? Breathless commentary on the Read more…
TheStreet Pro’s very own Stephen “Sarge” Guilfoyle just recalibrated his Advanced Miro Devices (AMD) price target, and the headline number essentially hides the twist. He assigns a fresh $274 price target for AMD stock, nearly Read more…
Key insights from the week that was. The January CPI came in above expectations, prices rising 0.4% in the month and 3.8%yr (WBC 3.6%yr; consensus 3.7%yr). On a seasonally adjusted basis, price growth was a Read more…
Steve Cohen knows how to play the long game. The founder and CEO of Point72 Asset Management spent decades navigating the markets, first at S.A.C. Capital Advisors, which he founded in 1992, before converting operations Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal In the market for a nice Read more…
Silver broke higher in the past week, but failed to materialize a real breakout above the $92 highs established in early February. Despite early risk-off price action, the precious metal pulled back from the resistance Read more…