The Federal Reserve’s preferred inflation gauge raced to its highest level since the early 1980s last month, data from the Bureau of Economic Analysis indicated Thursday. The Federal Reserve’s preferred measure of U.S. inflation accelerated Read more…
Canada GDP grew 0.2% mom in January, a below expectation of 0.4% mom. But that’s still the eight month of increase in a row. Goods-producing industries grew 0.8% mom. Services-producing industries rose 0.0% mom. Overall, Read more…
Biden’s team has announced that it is considering releasing up to 180 million barrels of Oil from Strategic Petroleum Reserves over the next 180 days. According to the latest weekly estimate, about one-third of the Read more…
Tesla will publish Q1 deliveries in the coming days, with investors focused on any impact from production halts in Shanghai. Tesla (TSLA) – Get Tesla Inc Report shares edged modestly higher Thursday even as reports suggest Read more…
Stocks are on pace for their worst quarter since the pandemic trough of 2020 as bond yields signal recession risk and inflation pressures accelerate. U.S. equity futures traded mixed Thursday, while oil prices tumbled and Read more…
The Canadian dollar has looked sharp over the past two weeks, posting gains in 11 out of 12 days. On Wednesday, USD/CAD fell to 1.2429, its lowest level since November 2021. What has been especially Read more…
The Japanese yen has settled down after a raucous showing this week. USD/JPY is trading quietly around the 122 line in the European session. Yen stabilizes after wild ride The yen has steadied today, after Read more…
“We would rather move to the sidelines until we have better clarity” on the pressures facing AMD, Barclays analysts Blayne Curtis said Thursday. Advanced Micro Devices (AMD) – Get Advanced Micro Devices, Inc. Report shares moved Read more…
Walgreens filled 300 million prescriptions, while administering 12 million Covid tests, helping second quarter U.S. sales rise 1.2% to $27.7 billion. Walgreens Boots Alliance (WBA) – Get Walgreens Boots Alliance Inc Report posted stronger-than-expected second quarter Read more…
President Joe Biden could unveiled the biggest-ever release of crude from the nation’s Strategic Petroleum Reserve Thursday in the latest effort to tame historically high energy prices. The White House is considering the biggest-ever release Read more…