SpaceX gets its first deal to add Starlink satellite internet service to an air carrier’s fleet of planes. Last month, Jonathan Hofeller, vice president of Starlink commercial sales at SpaceX, Elon Musk’s aerospace company, declared that “connectivity Read more…
Summary United States: Higher Mortgage Rates Begin to Bite The sharp rise in mortgage rates appears to be slowing residential activity. Existing home sales fell 2.7% during March. Housing starts inched up 0.3% during March. Read more…
The average rate for 30-year fixed mortgages hit 5.11% in the week ended April 21. Recent developments haven’t been good on the mortgage front. First came the news that mortgage applications fell 5% in the Read more…
The New York Stock Exchange is located on Wall Street in New York City. wdstock from Getty Images Signature; Canva What Is the New York Stock Exchange in Simple Terms? With more than 2 billion Read more…
Canadian GDP for February is expected to post a month over month increase of around 0.8%—close to preliminary estimates. Retail sale volumes edged lower in February (down 0.4%), but the travel and hospitality sector rebounded Read more…
A barrage of economic indicators out of Europe and America will put the spotlight on the euro and US dollar next week. The data could further reinforce the diverging paths of monetary policy between the Read more…
The bond bears continue to have the upper hand at the moment getting fuel from high inflation and hawkish central banks. German 10-year yields continued the march higher reaching 0.95% Friday coming from -0.4% just Read more…
Markets Yesterday’s risk correction spilled to Europe today. US stocks took a scare from a new fierce sell-off in US Treasuries following Fed Chair Powell’s call for a speedy return to neutral policy rate levels. Read more…
Asset manager Cathie Wood has said that the downturn of technology stocks in recent months presents a buying opportunity. Renowned investor Cathie Wood, chief executive of Ark Investment management, on Thursday continued to bulk up Read more…
Daily Pivots: (S1) 127.89; (P) 128.30; (R1) 128.79; More… USD/JPY is extending the consolidation from 129.39 and intraday bias remains neutral. Deeper retreat cannot be ruled out but downside should be contained above 125.09 resistance Read more…