The week starts with a jump in US yields and a weaker dollar after Moody’s downgraded the US credit rating from the top Aaa to Aa1, citing concerns about the US’ rapidly rising debt toward the $37 trillion mark and a budget deficit reaching 7% — the highest in peacetime. Moody’s decision is unsurprising, as […]
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Thanks to the work of Apple, Microsoft, Google, Amazon, Oracle, and others in the late 1990s and early 2000s, Silicon Valley became the engine of industrial growth for the U.S. Besides all of the useful technology Read more…
Eurozone headline CPI was finalized at 2.2% yoy in April. CPI core, which excludes energy, food, alcohol, and tobacco, accelerated, to 2.7%, up from 2.4% previously. Services remained the primary driver of inflation, contributing 1.80 Read more…
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