Overview: The rally in US shares yesterday, ostensibly fueled by strong earnings reports, is helping to encourage risk appetites today. The MSCI Asia Pacific Index is...
JPMorgan: Powell Is At Risk Of Losing His Job With Fed Chair Powell's term expiring in February, debate is starting to swirl about his fate: will...
Jobless Claims Are Plunging In Republican States, Flat In Democrat States Two months ago, when we observed that with 23 - all republican - states announcing...
Biden Downplays Inflation, Predicts Businesses Will Be In 'Bind' Over Labor Shortages, Then Has Brain Freeze President Joe Biden waved off long-term inflation concerns on Wednesday,...
MarketPulse takes a look at what could be in store for three key geographies in Latin America. Colombia The outlook for Colombia is optimistic despite its...
Is slower than for those that didn’t. From Steve Englander/Standard Charter Bank: Source: Englander, “US – Benefit cuts not linked to job gains so far,” Global...
Sentiment on the euro though is weak: strong data around the end of 2020 and beginning of 2021 have generally... The post Weekly forex data: looking...
Morgan Stanley: This Cycle Will Be "Hotter But Shorter" Than Usual By Andrew Sheets, Chief Cross-Asset Strategist for Morgan Stanley We think that this economic cycle...
Mexico's Drug Cartels Are Stealing Oil Again Authored by Matthew Smith via OilPrice.com, Fueled by copious sums of drug money, large cartels have taken control of...
Traders kept an eye on the congressional testimony from Fed Chair Jerome Powell, who… The post World stocks drop on profit taking first appeared on Trading...
There have been winners and losers – and not all of them were predictable.
European stocks are heading lower for a second session, dragged down by oil majors and travel stocks as oil prices declined and Covid cases rose. Broadly...
The Federal Reserve Chairman steadied the post-US-inflation ship overnight, reiterating that virus-disrupted price increases among the CPI components would ease in the coming months. Regarding the...
By Estelle Xue Liu, Karim Foda, and Sebastian Weber Español, Português One of the positive surprises about last year’s recession is how little damage it inflicted...
President Biden has proposed an ambitious domestic policy agenda meant to “build back better” and ensure that “every American enjoys a fair return for their work...
Powell Pushes Back Against Tapering Talk In House Testimony Update (1350ET): Nearly two hours into Powell's testimony, AOC appeared on screen to prod Powell about the...
In this time of crisis, we are often reminded of a famous quote attributed to Winston Churchill during World War II: “If you're going through hell,...
While a retest of the multi-year low around ¥6.36 doesn’t seem likely in the immediate future, a movement above the... The post Weekly forex data: inflation...
Newer measures of poverty may do a better job of counting America's poor, which is necessary to helping them.
Last week's top-gaining mining stocks on the TSXV were Baroyeca Gold & Silver, NEO Battery Materials, St. James Gold, Graphite One and Aurania Resources. The post...
China: Fragile Giant Authored by Jim Rickards via DailyReckoning.com, I’ve made many visits to China over the past thirty years and have been careful to move...
Majority Of Former Hospitality Workers Refuse To Go Back To Their Old Jobs While the end of pandemic unemployment benefits in September may finally put an...
Luongo: Eviction Is Just Another Word For Extinction Authored by Tom Luongo via Gold, Goats, 'n Guns blog, The Federal Moratorium on evictions is ending at...
During the COVID-19 pandemic, declining consumer confidence in the economy, which continued to contract as late as November and December of 2020, played a significant role...
The federal government sent a lot of money to states to help with an anticipated COVID-related economic downturn. Turns out, states did not need that much...
Oil steadies after steep falls Oil prices are rebounding following steep declines in the previous session. Oil prices tumbled more than 3% on Tuesday as OPEC+...
The British pound is drifting in the Wednesday session. In North American trade, GBP/USD is trading at 1.3807, up 0.06% on the day. FOMC minutes may...
- by New Deal democratThis morning’s JOLTS report for May continued all of the trends we saw in April - a huge amount of unfilled job...
The 10-year Treasury yield fell sharply yesterday, dropping to 1.37% — the lowest since late-February. The ongoing decline offers more support for arguing that the reflation...
By Thomas Cooley and Peter Rupert The BLS announced establishment employment increased 850,000 in June, beating estimates by a fairly large margin. Private employment was up...