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Day: June 7, 2021

Stocks making the biggest moves after hours: Stitch Fix, Marvell, Coupa and more

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Check out the companies making headlines after the bell:  Stitch Fix — Shares of Stitch Fix surged 15% in extended trading after the online styling service reported fiscal third-quarter results beating Wall Street expectations. The company posted a loss of 18 cents per share on …

Stocks making the biggest moves after hours: Stitch Fix, Marvell, Coupa and moreRead More

Is there a labor shortage? What the May jobs report tells us

A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey. Spencer Platt | Getty Images News | Getty Images The weaker-than-expected April jobs report fueled speculation of U.S. labor shortages and led some state officials to declare an early end to enhanced unemployment benefits.   …

Is there a labor shortage? What the May jobs report tells usRead More

The Fed is in early stages of a campaign to prepare markets for tapering its asset purchases

Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve is in the early stages of a campaign to ready markets for reducing its $120 billion in …

The Fed is in early stages of a campaign to prepare markets for tapering its asset purchasesRead More

Higher interest rates would be good for the country, Treasury Secretary Yellen says

U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Rueters U.S. Treasury Secretary Janet Yellen said that President Joe Biden‘s $4 trillion spending proposal would be positive for the country, even if it leads to …

Higher interest rates would be good for the country, Treasury Secretary Yellen saysRead More

BOC Preview – Policymakers to Keep Upbeat Tone Despite Softening Growth

We expect the BOC to maintain its relatively hawkish outlook at this week’s meeting. Although economic data released since April have softened slightly, strong oil prices and the positive vaccination progress should allow the members to stay optimistic about the recovery outlook. They would also maintain the monetary policy stance as in April, sticking with …

BOC Preview – Policymakers to Keep Upbeat Tone Despite Softening GrowthRead More

GBP/USD Outlook: Cable Loses Traction As US Rate Talks / Rising Virus Cases Offset Positive Post-NFP Tone

Cable is standing at the back foot at the start of the week, following multiple failure to sustain break above 1.42 barrier and dollar regained traction on comments from Fed Treasury Secretary Yellen over the weekend, after it was deflated by weaker than expected US labor data on Friday. Yellen said that President Biden’s $4 …

GBP/USD Outlook: Cable Loses Traction As US Rate Talks / Rising Virus Cases Offset Positive Post-NFP ToneRead More

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