The U.S. labor shortage is reaching a critical point
America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying. A report Thursday from ADP and Moody’s Analytics cast an even brighter light on what is becoming one of the most important economic stories...
Convenience and control continue to steer payments innovation
Bank of America Merrill Lynch (BAML) became the latest bank to upgrade its mobile banking technology this week, adding fingerprint and facial recognition functionality to its CashPro mobile banking platform. CashPro, which serves the bank’s commercial, large corporate and business...
SocGen acquires crowdfunding platform for renewable energy
By Elizabeth Bratton and Peter Lee On June 21, Société Générale announced the acquisition for an undisclosed sum of Lumo, a French crowdfunding platform, through which users can invest small sums into sustainable power projects, and, in return, receive a...
FX: Non-banks make headway among smaller Aussie participants
One of the closest observers of the Australian FX market is Cameron Peter, managing director of Peter Lee Associates, whose annual market survey covers corporates and financial institutions – mainly real money fund managers, insurance companies, non-price maker banks and...
This small Apple supplier is a way to ride ‘healthy’ iPhone demand in China, KeyBanc analyst says
Qorvo shares will rise as the chipmaker benefits from improving phone demand in China, according to KeyBanc Capital Markets. The firm raised its rating on Qorvo shares to overweight from sector weight, predicting the chipmaker will report earnings per share...
Canadian Dollar Steady ahead of FOMC Minutes, US Job Data Disapppoints
The Canadian dollar has inched lower in Thursday trading. Currently, USD/CAD is trading at 1.3123, down 0.17% on the day. On the release front, employment data is in the spotlight. ADP nonfarm payrolls ticked lower, coming in at 177 thousand....
Euro Rises Broadly on Hope of Averting US-EU Trade War on Cars
Euro surges broadly today on hope that there will finally be a point of convergence between European Union and the US to avoid a trade war on cars. The optimism is also reflected in stocks as automaker shares led DAX...
DAX Boosted by Car Makers on Talk of Tariff Deal
The DAX index has posted strong gains in the Thursday session. Currently, the DAX is at 12,505, up 1.58% on the day. On the release front, German Factory Orders jumped 2.6%, crushing the estimate of 1.1%. Eurozone Retail PMI ticked...
Yen Slightly Higher as Markets Stay in Consolidative Mode
Yen is trading slightly higher in Asian session today as the markets are quietly soft. Australian Dollar and Canadian Dollar are the weakest ones. At the time of writing, Nikkei is down -1.0%, HK HSI is down -0.9% while China...