Forward Guidance: BoC to Flag Medium-Term Optimism, Near‑Term Concern
The Bank of Canada’s first rate decision of 2021 is expected to yield no change to its policy stance with the overnight rate holding at 0.25% and the quantitative easing program intact. Along with the rate decision, the Bank of...
Week Ahead: Biden Inauguration, More Lockdowns, and Central Bank Meetings
On Wednesday, January 20th, Joe Biden will be sworn in as the 46th President of the United States. After a controversial four years, President Trump will leave office, one way or another. Hopefully Congress can move forward with Joe Biden’s...
What Does Biden’s Stimulus Plan Mean for the US Dollar?
On Thursday evening, President-elect Joe Biden unveiled a $1.9 trillion stimulus package to help Americans due to the economic impact of the coronavirus. The package includes an additional $1400 in direct payment per person, which would result in the $2,000...
Jamie Dimon says JPMorgan Chase should absolutely be ‘scared s—less’ about fintech threat
Jamie Dimon, CEO of JP Morgan Chase David A. Grogan | CNBC JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants around the world have exponentially grown users...
Fed’s Rosengren voices support for Biden stimulus proposal
President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to...
Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was...
Week Ahead – ECB, BoJ and BoC Meet But All Eyes on US Capitol
The first of the new year’s central bank meetings will get under way next week and it will be a heavy schedule on the data front as well. The European Central Bank, Bank of Japan and Bank of Canada will...
Biden’s $400 unemployment boost would replace 86% of lost wages for many workers
Alex Wong | Getty Images News | Getty Images $400 weekly boost Workers got $323 a week in state benefits, on average, in the third quarter last year, according to most recent U.S. Labor Department data. That aid replaced about...
EUR/USD Outlook: Bearish Bias Remains Below Broken Fibo Support at 1.2173
The Euro stays in red on Friday and pressures new one-month low as bears regain traction after Thursday’s hesitation, expressed by daily Doji candle. The action remains under broken Fibo level (1.2173, 23.6% of 1.1602/1.2349) that keeps near-term bias with...
Wells Fargo shares slide after fourth-quarter revenue falls short of expectations
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo on Friday released mixed results for the fourth quarter, sending the bank’s stock lower. Here’s how the numbers compared...
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