Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a recession,” Goolsbee
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Uber reported third-quarter results Tuesday that missed analysts’ expectations
US The Fed left interest rates unchanged as expected with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US Core PCE came in line with expectations. The labour market is starting to
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold price rally of 7% or Rs 3,900 per 10 gram over the last one month has met a speed breaker amid a falling risk premium on Israel-Hamas war and latest assertions by Federal Reserve Bank of Minneapolis President Neel Kashkari saying that the US Central Bank will have to do more work to control
Australian Dollar is taking a surprising dip today despite RBA’s anticipated decision to raise the cash rate target by 25bps. Investors have taken this opportunity to lock in profits, influenced by the central bank’s softened rhetoric on the immediate need for further rate hikes. It appears RBA is likely to pause again to evaluate the
In this article PTN Follow your favorite stocksCREATE FREE ACCOUNT Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Stefani Reynolds | Afp | Getty Images Shares of Palantir popped 14% in premarket trading Thursday,
Artificial intelligence (AI) system ChatGPT now allows users to create their own generative pre-trained transformers (GPTs), according to a November 6 blog post from developer Open AI. This means that users can now create custom ChatGPT apps that handle a variety of tasks, instead of needing to enter long strings of commands into the chat
Share: S&P 500 gained 5.85% last week, its largest weekly gain all year. A break above 4,393 will end the S&P 500’s three-month downtrend by creating a higher high. US Treasury yields rise on Monday after sharp decline the previous week. Michigan Consumer Sentiment Index for November is expected to rise on Friday. Disney, AMC
Crude oil trades between swing area The price of crude oil is trading within a range. The low for the day came in at $80.71. The high is at $82.20. The current price is trading at $81.98 Looking at the daily chart, there is a swing area between $80.90 and $83.40 (see yellow area and
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Brent crude futures rose $1.25, or 1.47%, to $86.14 a barrel by 1145 GMT. U.S. West Texas Intermediate crude was up $1.29, or 1.6%, at $81.80. Oil was
European majors are maintaining their upward momentum against the Dollar, leveraging last week’s rally and finding additional support in the unexpectedly positive Eurozone investor confidence data. Yet, while the data provided a glimmer of positivity, the market remains guarded, unwilling to fully commit to the narrative of an economic rebound. Meanwhile, Australian and New Zealand
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record
Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware to allow it to sell certain key trust funds, including assets from crypto asset manager Grayscale and custody service provider Bitwise valued at around $744 million. In a court filing dated Nov. 3, FTX debtors requested the court to allow them to sell Trust
Share: US Dollar consolidates previous week’s losses. Economists at Commerzbank analyze Greenback’s outlook. USD’s upside potential largely exhausted Due to a lack of new information on central bank policy, EUR/USD will tend to trade sideways this week. Based on monetary policy the Dollar’s upside potential is more or less used up and the market prices
The upcoming week is expected to be relatively quiet, with a handful of economic events drawing attention. On Tuesday, in Australia, the RBA is set to announce the Cash Rate and release its Rate Statement. Moving to Wednesday, New Zealand will reveal its Inflation Expectations quarter-on-quarter (q/q), while in the U.K., BoE Governor Bailey is
Gold fell on Monday amid profit booking. This was despite the dollar index (DXY) slipping to five week lows. MCX December gold futures were trading at Rs 60,832 per 10 gram, down by Rs 188 or 0.31% from the Friday closing price. Meanwhile, the December silver futures were trading at Rs 72,178 per kg, lower