The UK economy showed little sign of regaining momentum in June, with the Flash Composite PMI Output Index falling from 49.7 to 49.4, its lowest level in 14 months. The survey signaled a second consecutive Read more…
The Eurozone economy showed further signs of stabilization in June, with the Flash Composite PMI Output Index rising from 48.5 to 49.5, its highest level in three months. While the reading remained just below the Read more…
Federal Reserve Chairman Kevin Warsh did not make a definitive policy statement on artificial intelligence during his June 17 press conference. He achieved something quieter and perhaps more crucial for Wall Street. Warsh said AI 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 Perhaps no watch brand has as Read more…
• Geopolitics has stripped the US dollar’s rivals of their key advantages. • Oil prices may return to pre-conflict levels sooner than expected. The US dollar is extending its lead in the forex market, driven Read more…
The British pound remains under pressure following increased political uncertainty in the United Kingdom triggered by the Prime Minister’s resignation. Investors are assessing potential shifts in the political and economic policy outlook after the head Read more…
Silver came under pressure following the Federal Reserve’s June meeting, at which policymakers kept interest rates unchanged at 3.50–3.75%. Nine of the 18 committee members still see the possibility of a rate increase this year, Read more…
Markets US bonds and stocks came out weakened from their long weekend. Treasury yields added 4.8-5.6 bps across the curve, catching up with Friday’s spring in European yields. The new Fed under chair Warsh probably Read more…
In focus today In the euro area, June flash PMIs are released. Most respondents will likely have answered after the US-Iran deal, yet the impact of lower oil prices is unlikely to already show up Read more…
Micron Technology (MU), the largest U.S, memory chipmaker, announced a strategic agreement with Anthropic on Monday that bundles three things together: a technical collaboration on AI memory design, a new multiyear supply contract, and a Read more…