Beware fairy tales about inflation There are signs we will soon have to worry about rising prices despite reassuring central bank forecasts
Dominion Accuses Newsmax and One America News of Defamation in Suit The company accused the right-wing television networks of defamation for “spreading misinformation” about its voting machines.Christopher Ruddy, the owner of Newsmax and a Trump confidant, responded to the lawsuit by saying that “Newsmax simply reported on allegations made by well-known public figures.”
NZDUSD corrects higher as some dollar sellers enter NZDUSD price bounces back toward the 200 hour MA The NZDUSD is seeing a rotation back to the upside in trading today and is getting some added low from some modest dollar selling over the last hour or so.
Senate begins vote on bipartisan infrastructure bill Voting underway There was earlier talk that as many as 20 Republicans could support the bill but there have been a few Senators who have bailed so 15 may be more likely.
Climate Agnosticism I am rather agnostic toward “climate change” or “global warming” as it was called before the expression mutated for reasons that may be known only to our loving intelligentsia.
How the WSJ Compared ESG Ratings The Journal converted three rating firms’ scores for nearly 1,500 companies to a common scale
WEC 2021 Orlando – November 5, 6, 7th – Tickets on Sale Now Our 2021 World Econo0mic Conference that Nigel Farage called the Alternative to Davos, will be held November 5, 6, & 7, 2021 in Orlando. While Davos has been about trying to control Tickets are available for the in-person event and virtual.
Climate Change Accounting for Companies Looms, With All Its Complexities Investors and regulators increasingly demand to know how businesses’ operations produce carbon emissions, and the SEC is working on a rule to make reporting mandatory and uniform. Current ESG ratings of companies are highly inconsistent, a WSJ analysis shows.
UK records most covid deaths since February Weekly reporting quirks make it sound worse than it is The UK reported 146 covid deaths today, which is the highest since February but it's not as bad as it seems.
Canadian Pacific Stretches Its Pocketbook, and Logic Kansas City Southern shareholders are being asked to switch suitors when they have little to gain.
NASDAQ stocks are coming under pressure Index tests it 50 hour moving average The NASDAQ stocks are coming under pressure after stalling ahead of the all-time high from last week at 14896.47. The high price today reached 14894.62 before rotating back to the downside.
Wells Fargo's Black Takes Over as Chairman From Noski The lender said that Charles Noski had stepped down as chairman and will be succeeded by Steven Black, a former JPMorgan Chase & Co. executive who joined the board last year.
S＆P 500 falls into negative territory after touching a record high US stocks give back gains Not so fast. The S&P 500 is back to flat on the day at 4433 after hitting a record at 4445. The market is waiting for comments from the Fed's Evans (and perhaps Mester) for a signal on the taper timeline.
USDCAD cracks below 100 hour MA 200 hour MA eyed below now The USDCAD as such as a cracked below its 100 hour moving averages 1.25417. The move to the downside comes after the pair consolidated and traded above and below its 200 day moving average over the last two trading days. The pair should have moved higher after breaking back above that
USDCHF continues its trend move higher Clues from the hourly and 5-minute chart The USDCHF has continued its trend move higher. The pair is now up for the fifth consecutive day (closed yesterday at 0.92052).
WTI crude is now higher on the week in quick reversal Yesterday's swoon nearly erased Oil plunged in early trading yesterday on China covid fears but physical buyers may be stepping in once again in a sign of the deficit in the market.
BMW Has Fallen Behind in the Electric Vehicle Race Unlike its global rivals, the German carmaker has not set a date to phase out gas-powered cars, and investors aren’t pleased. BMW says its next model will prove critics wrong.BMW will begin selling a battery-powered i4 in Europe in the fall and in the United States by early next year.
Twitter suspends Marjorie Taylor Greene for 7 days over vaccine misinformation. Ms. Greene violated Twitter’s Covid-19 misinformation policy with a tweet on Monday, the platform said. She could be permanently barred if she violates the policy again.Twitter said this was Representative Marjorie Taylor Greene’s fourth “strike.”
USD/CAD Post-NFP Rally Vulnerable to Slowdown in US CPI The update to the US Consumer Price Index (CPI) may undermine the recent advance in USD/CAD as inflation is expected to slow down for the first time in 2021.
There’s yet another surge in shipping costs All is not well in the market for ocean freight. Again
USD to remain bid and challenge recent shorts - MUFG The dollar is strong again today For bank trade ideas, . MUFG Research discusses the USD outlook from the positioning front and maintains a bullish bias in the near-term.