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Day: December 11, 2018

Amazon, derided as a ‘job killer,’ actually boosts local employment and business, Morgan Stanley says

Amazon has a reputation for disrupting just about everything in its path. But it also brings massive benefits to labor markets where it sets up shop, according to new analysis from Morgan Stanley. Negativity around “the Amazon effect” drove Morgan Stanley’s analysts to look more closely at its real impact on the job market “beyond …

Amazon, derided as a ‘job killer,’ actually boosts local employment and business, Morgan Stanley saysRead More

Bank earnings exgraphaganza: Thiam thinks Credit Suisse is an outlier – is it?

We’ve reached the end of the results season, so are the Europeans making any headway at all against their US cousins? Well, it’s certainly not all bad news. Credit Suisse chief executive Tidjane Thiam, for instance, was able to pluck out a revenue figure that showed his firm in a better light than anyone else. …

Bank earnings exgraphaganza: Thiam thinks Credit Suisse is an outlier – is it?Read More

Technical View: GBP/USD’s Chart May Be Uglier Than Brexit Infighting

Over the last couple of days, we’ve covered the drama surrounding the vote on Theresa May’s Brexit bill, from last week’s resignation threats, to rumors of its cancellation, to confirmation of its cancellation. With May presently in Brussels negotiating with EU policymakers, the postponed “meaningful vote” is now slated to be held in the New …

Technical View: GBP/USD’s Chart May Be Uglier Than Brexit InfightingRead More

Risk Appetite Come Back as China Mulls Auto Tariff Cuts, Trump Hints on Important Announcements

Risk appetite has a strong come back today on progress in US-China trade negotiations. It’s reported that China is considering to response to Trump’s request and cut auto tariffs down from 40% to 15%. Trump also tweeted that there were productive conversations with China and urged people to watch for important announcements. At the same …

Risk Appetite Come Back as China Mulls Auto Tariff Cuts, Trump Hints on Important AnnouncementsRead More