Sterling rises broadly today after better than expected GDP data, even though upside momentum is weak so far. Dollar is paring some of the post-CPI gains as over sentiment, while weak, seems to be stabilizing. Read more…
NIESR forecast growth of 1.0% in UK GDP in Q1. It said that economic impact of Omicron was “far smaller than” previous two waves. The -0.2% fall in December GDP was also better than consensus Read more…
Stock markets are ending the week in the red after investors were dealt another inflation blow on Thursday which dampened sentiment once more. We were just starting to see confidence building in the markets, with Read more…
Stocks could extend yesterday’s steep decline amid accelerated bets on a bigger Fed rate hike following the fastest reading for domestic inflation in forty years. U.S. equity futures edged lower Friday, following on from a Read more…
The estimated cost is lower than that of a standalone boat and its creator says it is also easier to deploy. A young entrepreneur from Washington state is offering future owners of Tesla’s Cybertruck a Read more…
Disney is searching for someone to lead its efforts in the NFT space, but doesn’t give specifics around what the metaverse might look like. Disney (DIS) – Get Walt Disney Company Report is looking for someone Read more…
Interest rate traders are starting to bet on the first emergency rate hike from the Federal Reserve since 1979 following the fastest inflation reading since 1982. The fastest inflation in forty years, paired with a Read more…
Under Armour said Covid-linked supply chain disruptions would impact its spring and summer order book and pressure gross profit margins. Under Armour (UAA) – Get Under Armour, Inc. Class A Report shares moved lower Friday after Read more…
Cryptocurrencies were under the pressure of strong data on inflation in the United States on Thursday, which has updated 40-year highs. Such values can force the Fed to raise interest rates faster, which is negative Read more…
After the first bearish reaction on the USD after US CPI yesterday, the currency turned down later during the US session. Probably it was due to higher 10 year US yields. Stocks also came down, Read more…