Kansas City Fed President Esther George said, “my own preference would be to opt for running down the balance sheet earlier rather than later as we plot a path for removing monetary accommodation.” Separately, Cleveland Read more…
IBM is facing near-term risk to fourth-quarter operating estimates and an ‘elevated valuation,’ UBS says. IBM (IBM) – Get International Business Machines Corporation Report shares will be left “vulnerable” over the next 12 months, according to Read more…
Valerie Capers Workman, head of the company’s human resources department, leaves as the company faces accusations of racism. The electric vehicle corporate shuffle hit Tesla (TSLA) – Get Tesla Inc Report Tuesday as the company’s Valerie Read more…
EURCHF buyers have dominated ever since touching a 6½-year low of 1.0325, plotting four consecutive green candles, which has steered the price above the 50-day SMA of 1.0442 and the 1.0469 level, which is the Read more…
The Australian dollar continues to have a quiet week and is unchanged in Tuesday trade. In the European session, AUD/USD is trading at 0.7170. Australia’s retail sales soar Australian consumers opened their purse strings in Read more…
The fast-food giant has a new take on its signature sandwich, The Whopper. Remember McDonald’s (MCD) – Get McDonald’s Corporation Report Mighty Wings? The Burger King Halloween Whopper? What about Wendy’s (WEN) – Get Wendy’s Read more…
Car-sharing company Turo says in its public IPO filing that it is ‘pioneering a new category of transportation.’ Turo, which bills itself as the world’s largest car-sharing market, filed for its initial public offering on Read more…
The Facebook parent will also require proof of a Covid booster shot for all employees returning for in-person work. Tech giant Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report, formerly known as Read more…
Powell testimony in focus; Bundesbank’s new chief warns on inflation Markets are anticipating Fed Chair Jerome Powell’s renomination hearing in Congress later today, waiting to find out his current views on inflation ahead of the CPI Read more…
American Airlines said fourth quarter revenues would remain well below pre-pandemic levels, but should come in firmly ahead of their autumn forecasts. American Airline (AAL) – Get American Airlines Group, Inc. Report shares moved higher Tuesday Read more…