Credit Suisse Needs to Make Bold Changes The bank’s Archegos position is finally cleared, but more needs to be done to persuade investors that the lender is on stable footing.
Who cares about the Robinhood IPO when Traeger is going public too Robinhood gets all of the attention but Traeger is the way to go Robinhood may have a brand that is attractive to the new retail trading public, but the way to my heart is through what goes in my mouth (i.e.
Biden Asks Congress to Extend Federal Moratorium on Evictions The Centers for Disease Control and Prevention’s moratorium on the evictions of tenants is scheduled to expire Saturday.
BOJ's Noguchi: BOJ may be able to begin debate on strategy for hitting price target around end of 2021 BOJ Noguchi speaking The USDJPY has just dipped below the 100 day MA at 109.567,and tests the low from July 7 at 109.527. Staying below the 100 day moving average increase the bearish bias.
USDCAD falls to new lows going back to July 14. Extends the 82 pips trading range The USDCAD was stuck in an 82 pip trading range for 5+ trading days. Yesterday through the FOMC, the price tested the upper extreme near 1.2606 and the lower extreme near 1.2525.
Marian Goodman Appoints Five Partners Goodman, a defining presence in the art world for decades, has now promoted five employees as partners to shape the business’s future.Marian Goodman, whose namesake gallery opened in 1977, has appointed partners and promoted other staff to support them.
Tech Review: Positive Earnings and Accommodative Fed Lift the Nasdaq 100 Index Apple, Microsoft, Google, Facebook and Tesla all beat earnings estimates. Nasdaq eyes all-time highs once more as the Fed remains accommodative
Biden asks Congress to extend eviction moratorium Looks to extend to the end of September. Pres. Biden has asked Congress to extend eviction moratorium. The eviction moratorium was to end on August 1. Biden is petitioning for the moratorium two and at the end of September.
Covid-19 and the Inefficiency of State Coercion An article by legal scholar Richard Epstein published in the Hoover Institution’s Defining Ideas defends George Mason University professor Todd Zywicki who is challenging his university’s Covid-19 vaccine mandate (“The Uneasy Case for Universal Vaccinations,” July 27, 2021).
FTSE 100 Index Forecast: UK Stocks Surge on Robust Earnings Reports FTSE 100 index up 1% today and 9.70% YTD after several constituents posted record earnings results with help from a dovish Fed and sliding UK bond yields.
Real Estate Is Booming in Bozeman, Mont.---Or Shall We Say, Boz Angeles The Rocky Mountain city is nearly unrecognizable, as out-of-state buyers and young professionals continue to transform the once sleepy area into a trendy hotspot.
USDJPY chops up and down but continues to find support ahead of the 100 day MA The USDJPY 100 day moving averages at 109.569 The USDJPY has had a choppy run of it today with price action confined to a 34 pip trading range (the 22 day average is around 60 pips). The highs reached 109.84.
Growth Is Strong, but the Obstacles to Full Recovery Are Big The new G.D.P. numbers paint a vivid picture of a nation still struggling to complete an economic readjustment.A house under construction in Culver City, Calif., last fall.
Consumer Spending Was a Big Factor in G.D.P. Expansion A 2.8 percent rise in spending on services helped offset declines in other areas of the economy.Shoppers in Miami Beach, Fla., in April. Factors like stimulus checks and rising coronavirus vaccination rates lifted the economy in the spring, but the Delta variant is clouding the outlook for the rest of the year.
What's the Hot Endorsement Deal for 3½ Tons of College Football Players? Barbecue For the first time, college student-athletes can make money off their name, image and likeness. So far, that has meant some meaty restaurant endorsements.
USDCHF dips below 200 day MA. Bears remain in control 200 day moving average at 0.90734 The USDCHF has dipped below the 200 day MA at 0.90734. The pair move above that moving average line back on June 16 and stayed above. Traders will now look for the price to stay below and increase downside momentum on the break.
AUD/USD Rate Defends Post-FOMC Gain on Lackluster US GDP Report AUD/USD defends the advance following the Federal Reserve interest rate decision as the US Gross Domestic Product (GDP) report warns of a weaker-than-expected recovery.
US June pending home sales -1.9% m/m vs +0.3% expected US June pending home sales data from the National Association of Realtors Regional indexes: Separately, Freddie Mac reported that US 30-year fixed mortgages were clocking in at 2.8% vs 2.78% a week earlier.
How Ford, Volkswagen Could Keep the Good Times Rolling The chip shortage has made car sales unusually profitable, but manufacturers’ chances of maintaining their margins depend on a completely new way of doing business.
A 20-Foot Sea Wall Won’t Save Miami – But Living Structures Can How to rescue Miami...and other coastal cities that will otherwise be largely under water.
US dollar edges higher as S＆P 500 hits another record US stocks add to gains The S&P 500 rose 20 points to a new all time high of 4423. What's interesting is that commodity currencies are under some pressure at the same time.
The West Embraces State Subsidies, a Policy Throwback, to Counter China “Industrial policy,” an approach long criticized as inefficient, is being adopted by the U.S. and its allies to directly fund critical sectors such as semiconductors.
US major indices trading higher in early New York trading NASDAQ erases premarket losses A snapshot of the market currently shows: In other markets as US stock trading gets underway: In the Forex market, the GBP is the strongest of the majors - taking over that spot from the NZD at the start of the NA session.
Nikola Founder Trevor Milton Charged With Securities Fraud Federal prosecutors charged Mr. Milton with misleading investors about the technology for battery- and hydrogen-powered vehicles Nikola had hoped to manufacture.Prosecutors said that for nearly a year, Mr.
GBPUSD extends above the 100 day MA and looks toward 1.4000 100 day MA at 1.39201 The GBPUSD moved up to test the July swing highs between 1.38979 and 1.39094 after the the FOMC decision yesterday. Sellers dutifully leaned against the area on the test (some profit-taking/low risk selling).
German inflation hits highest level since 2008 Pace of price growth driven up by rising manufacturing costs and materials shortages