Don’t bet on it, even as the Fed raises rates. Banks are full of cash, thanks largely to government stimulus programs. With the Federal Reserve poised to raise interest rates next month, are you expecting Read more…
The threat of rising interest rates has returned to haunt stock markets. With the Fed going to war against inflation, traders are worried the era of easy money is coming to an end. As 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…
‘We are intrigued with the value of their subscribers’ and Peloton’s new CEO, says Bill Miller, founder of Miller Value Partners. Investment icon Bill Miller, founder of Miller Value Partners, said the firm is considering Read more…
Markets The European Commission’s Winter 2022 economic forecasts were today’s appetizer in the run-up to January US inflation numbers. The EC updated the 2021 growth figure to 5.3%, triggering mechanical revisions to the 2022 (4% Read more…
The internet has a lot of naked body parts, but sneaker company Adidas has added more for a bold purpose. Adidas (ADDYY) wants women to feel good about their breasts, no matter what shape or Read more…
Binance, the world’s largest crypto exchange, has taken on this year’s crop of cryptocurrency advertisers in video starring NBA star Jimmy Butler. The Super Bowl or what many are calling the Crypto Bowl, this year, Read more…
Consumer prices were up 0.6% month-on-month (m/m) in January, matching December’s pace, and slightly higher than markets were expecting. The year-on-year (y/y) pace of inflation ticked higher to 7.5%. Food and energy prices both rose Read more…
US inflation surged to a fresh 40 year high and was hotter than forecast sending tech stocks sharply lower and the USD higher. US futures Dow futures -0.2% at 35608 S&P futures -0.9% at 4543 Read more…
Daily Pivots: (S1) 1.1402; (P) 1.1425; (R1) 1.1447; More… EUR/USD drops notably but stays well above 1.1265 support. Intraday bias remains neutral first and outlook is unchanged. A medium term bottom could be in place Read more…