USDCHF Ticks Higher As Bullish Forces Consolidate
USDCHF has been charging higher since June after the price failed to pierce through the 0.8925 region. Although the medium-term uptrend faced a moderate pullback in October, buyers retook control and pushed the price higher.The pair is likely to continue...
Dollar Firm in Quiet Holiday Trading, Yen Soft
The forex markets are rather quiet in Asian session today. Trading will probably remain subdued with US on holiday. The greenback remains the strongest one for the week on speculation that the “transitory” yet persistent strong inflation would eventually force...
Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan
Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating...
Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing
BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business. The regulatory approval to support robotaxis in...
Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show
Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the...
Inflation is not going away any time soon – and Biden will have to wait it out like the rest of us
Customers stand in line to check out at a grocery store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images After lying dormant for years, inflation is once again chipping away...
The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it may consider winding down its...
Stocks making the biggest moves midday: Gap, Nordstrom, Deere, VMware and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing...
Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969
The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday. New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000....
Brent Crude – Correction Over?
Or more to go? Oil prices are on the rise again after a correction over the last month but how much support does it now have? It didn’t take long for oil to rebound after the US, China, India, Japan, UK and South...
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