Market jitters keep volatility faint and dollar remains glued on back foot The US 10-year yield deflated to 1.927% today keeping the reserve currency bid, with the dollar index near the lower end of Read more…
To attract and retain employees for its physical stores in the U.S., iPhone maker Apple will increase, even double, their benefits. The Covid-19 pandemic has prompted many employees to revise their relationship to work. Above Read more…
Oil traders await weekly EIA data Drawdown in Cushing inventories may return prices to recent highs Persistently elevated inflation may force central banks into more aggressive stance Concerns over hawkish central bankers could roil markets Read more…
The appointment of industry veteran Barry McCarthy as Peloton CEO has investors betting on a near-term takeover the connected fitness group. But it might not be for sale. Updated at 9:43 am EST Peloton (PTON) Read more…
Samsung is expected to unveil the latest version of its Galaxy S line and the new Galaxy Tab S8 series. Samsung Electronics (SSNLF) is reportedly expected to unveil the latest iteration of its Galaxy S line Read more…
Daily Pivots: (S1) 1.3516; (P) 1.3540; (R1) 1.3572; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, break of 1.3627 will resume the rebound to 1.3748 resistance. Firm break there Read more…
Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the Read more…
BoE Chief Economist Huw Pill said in a speech even though the voted for a 25bps hike last week, “given the inflationary pressures we currently face, I can certainly understand why colleagues on the MPC Read more…
Lyft and Uber remain locked in a Game-of-Thrones-style battle to the bitter end. Might a merger fix the challenges they face? It’s a question that’s been floating around for years: Could the two biggest ride-sharing Read more…
Atlanta Federal Reserve President Raphael Bostic said today on CNBC, “in terms of hikes for the interest rates, right now I have three forecast for this year. I’m leaning a little towards four, but we’re Read more…