In this article ULTA M UAL AAL DAL LYV QSR-CA DPZ GM F TAP WEN RDFN MCD TGT A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty
Month: June 2022
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DXY is being sold off on the shorter-term time frames, 103.13-eyed near-term, 102.39 thereafter. The bias remains bullish on the daily chart until a break of downside structure, or 101.297. Despite the persistent message from Fed members that there is a ”need to raise interest rates ‘a good deal more’ over the coming months,” the US dollar has
Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn
A man impersonating the hip-hop icon Snopp Dogg went around NFT.NYC to fire things up at the nonfungible token (NFT) event. While the intention was to bring fun to the event, there were some mixed reactions from the online community. In a tweet, Kevin Collier shared his encounter with the fake Snoop Dogg at the
The strongest to the weakest of the major currencies The JPY is the strongest and the NZD is the weakest as the North American session begins, leading to demand for the relative safety of the JPY and the USD and out of the NZD and AUD to complete the flow of funds storyline. The rally
The pair is making fresh lows on the day in a drop to 135.83 in European morning trade. This comes as we see Treasury yields stay on the retreat with 2-year yields down 9 bps to 3.106% and 10-year yields down 9 bps as well to 3.210%. The fall in USD/JPY doesn’t quite distract from
A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy tightening
Gold price in the national capital on Wednesday fell by Rs 205 to Rs 50,487 per 10 gram in line with a decline in international rates of the precious metal, according to Securities. In the previous trade, the yellow metal settled at Rs 50,692 per 10 gram. Silver also tumbled by Rs 926 to Rs
U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S. budget, on Capitol Hill in Washington, June 8, 2022. Jonathan Ernst | Reuters The recession that many Americans fear is coming is not “at all imminent,” Treasury Secretary Janet Yellen said Sunday. Talk of a
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US stocks recovered some ground after a bumpy trading week. The Nasdaq Composite rose and led the pack, followed by the S&P 500, while the Dow Jones fell. The US Dollar Index rose, contrarily to US Treasury yields dropping US equities recovered some ground after a rough trading week and recorded gains between 0.13% and
Net reactions of the global markets to Fed’s 75bps rate hike were rather negative. Global stocks ended generally lower after initial recovery. Additionally, SNB delivered a surprised 50bps rate hike while BoE’s 25bps had a hawkish undertone with three members wanted more. BoJ stayed calm and kept interest rate unchanged while maintaining the 10-year JGB
SuperRare, a digital art market on Ethereum’s blockchain, powered by the RARE token, debuted its first pop-up gallery on May 19 in SoHo, the historic New York City neighborhood known internationally for its affinity for artists and their artwork. The event was hosted at the new location of The Block Gallery, which relocated from Brooklyn