US business activity expanded modestly in May as strong manufacturing output continued offsetting softer services demand, though survey data increasingly pointed to a more uncomfortable mix of slowing growth and rising inflation pressures. Flash US Read more…
Annuities have earned a reputation for complexity and high costs, and this keeps millions of Americans from considering products that could strengthen their retirement plans. Total U.S. annuity sales climbed 7% to $464.1 billion in Read more…
A funny thing happened to Boeing’s stock last week when an excited President Donald Trump revealed that Boeing had a deal to sell 200 new airplanes to China. The stock went down on three of Read more…
Artificial intelligence has already disrupted search, software, and customer service. The next frontier is more consequential and less visible: the core infrastructure that moves money around the world. Governments and financial institutions are increasingly treating Read more…
Forex markets remained trapped within yesterday’s ranges as investors struggled to find fresh conviction amid conflicting signals surrounding the US-Iran conflict. While there was some brief improvement in risk sentiment after US President Donald Trump Read more…
US initial jobless claims edged lower by -3k to 209k in the week ending May 16, slightly below expectations of 210k and consistent with a labor market that remains relatively resilient despite slowing economic momentum Read more…
At the beginning of the Covid pandemic, meal kit deliveries saw a huge boom in sales — according to BroadBranch Advisors, the market value for the industry rose from $3.5 billion to $10.26 billion in Read more…
Wall Street keeps a private list of records that almost never move. The biggest bank failure. The longest bull market. The most expensive IPO of all time. Most of those records are decades old. Saudi Read more…
Intraday bias in EUR?USD stays neutral at this point. As noted before, rebound from 1.1408 could have completed as a corrective three-wave move. Deeper fall should be seen to retest 1.1408 low. For now, risk Read more…
Intraday bias in USD/JPY remains neutral at this point. Above 159.24 will target 160.71 high. Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the downside, Read more…