Every generation of workers hears that a machine is coming for its job. Sometimes the machine arrives. More often it just reshuffles the work, moving people from one task to another without the dramatic reckoning Read more…
USD/JPY continued its advance on Monday, reaching 159.46. The Japanese yen therefore remains under pressure near the key 160.00 level against the US dollar. This was the threshold that previously triggered currency market interventions by 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. Summer heat seems to be hitting earlier and earlier each year. Read more…
For a few days in early May, it looked as though Japan had successfully pushed back against Yen weakness. The Ministry of Finance has now confirmed that impression came at a hefty cost. Official figures Read more…
UK manufacturing activity continued to strengthen in May, with PMI Manufacturing finalized at 53.9, up from 53.7 in April and marking a seventh consecutive month of expansion. The latest survey showed production growth and business Read more…
Eurozone manufacturing activity remained in expansion territory in May, but momentum softened as rising energy costs and supply disruptions linked to the Middle East conflict began weighing on the sector. PMI Manufacturing was finalized at Read more…
Most people never think about their air conditioner until the day it stops blowing cold. A working AC is invisible. It hums in a closet or sits in a side yard, doing its job in Read more…
Fundamental Backdrop The Swiss franc remains influenced by two opposing forces. On the one hand, there is steady demand for safe-haven assets amid tariff-related risks stemming from the United States. On the other, the policy Read more…
Switzerland’s economy expanded faster than expected in the first quarter, with GDP excluding sporting events rising from 0.2% qoq to 0.7% qoq, well above the 0.5% qoq consensus forecast. On a sport-adjusted basis, GDP accelerated Read more…
Markets President Trump retreated in the Situation Room last Friday to make a “final determination” on a preliminary agreement that would, amongst others, extend the April ceasefire but reportedly left the room without having made Read more…