Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time
Month: July 2021
In this article KO A shopper scans a case of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its second-quarter results before the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
EUR/USD probes five-day downtrend near three-month low, off intraday bottom. Delta covid variant back easy money supporters, US policymakers “not that far apart” ahead of infrastructure spending procedural vote. DXY shrugs off Treasury yields to stay firmer around April tops. ECB may struggle to justify hawkish tilt on Thursday. EUR/USD fades bounce off intraday low,
Payment leader Mastercard (NYSE:MA) intends to expand a blockchain platform for cross-border settlements in collaboration with Ripple-backed fintech research company R3. Over the course of the past few years, the cryptocurrency space has grown at a remarkably fast rate and after the hibernation of sorts in 2018, most cryptos have been back with a vengeance
NASDAQ and S&P declines from yesterday Highlights for the day include: NASDAQ has its best day in more than two months NASDAQ snapped a five day decline Nasdaq 67 new highs but 76 new lows which is diverging. S&P higher for the first time in four sessions S&P has its best day in four months
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
By Tapan PatelCommodity prices traded lower today as most of the commodities in the non-agro segment witnessed selling except gold. Base metals and silver prices traded weak on demand growth worries over spreading virus cases while crude oil futures plunged on higher supply after OPEC agreed to raise output. Gold prices held firm, limiting downside
ECB’s conclusion of the strategy review on July 8 has made this week’s meeting very important. Policymakers adjusted the inflation target to a symmetric 2%, allowing a temporary overshoot. Despite the significant change, no monetary policy is expected to change in July. We only expect some changes in the forward guidance, in reflection of the
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released Tuesday added to the evidence
In this article NFLX Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report second-quarter earnings after the bell on Tuesday. Here are the key
Housing data released on Tuesday came in mixed. Housing starts rose 6.3% in June to a 1.643 million-unit pace, with both single-family and multifamily starts rising solidly, explained analysts at Wells Fargo. They point out the net result is still stronger than had been expected, however, and new home construction and apartment development both appear
A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency’s move downhill prompted many analysts, including Luno exchange’s Vijay Nayyar and Kinetic Capital’s Jehan Chu, to predict a further depressive move below $25,000, Anthony Pompliano offered a contrasting bullish outlook. The Morgan Creek Digital
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Move below 1.2730 should see more selling The USDCAD moved sharply higher yesterday on the back of tumbling oil prices. Today, the price of WTI crude oil has turn back to positive territory after trading to a new cycle low near $65.20. That move lower, took the price below its 100 day moving average at $66.24 (see blue
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
New Delhi: Gold in the national capital on Tuesday gained Rs 253 to Rs 47,100 per 10 gram amid supportive global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,847 per 10 grams. Silver slipped Rs 61 to Rs 65,730 per kilogram from Rs 65,791 per kilogram
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