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On Thursday, the US dollar index declined, while the euro was held steady in choppy trading, with investors waiting for the speech of Jerome Powell, the chairman of the Federal Reserve. The speech is due on Friday and investors are looking forward to it to look for clues about the pace of the interest rate … Read more
On Wednesday, the US dollar recorded gains against a basket of its peers, as it held close to a high of two decades. Investors shifted their focus towards the speech of the Federal Reserve chairman, Jerome Powell, on Friday for new clues about how aggressive they would be against their inflation battle. Hawkish expectations Traders … Read more
Authentic Brands Group has recently made an announcement in regards to striking a deal with Ted Baker, a UK fashion chain. A $254 Million Deal The sources confirm that Authentic Brands Group, a major retail conglomerate that owns multiple businesses is acquiring Ted Baker. Authentic Brands Group is already the owner of major brands such … Read more
On Tuesday, the dollar moved back from a high of two decades against the euro, after data showed that activity in the private sector of the US had been weaker than expected in August. This prompted bets that the US Federal Reserve may decide to be less aggressive in its monetary policy tightening. Dollar index … Read more
On Tuesday, the euro declined to a low of two decades, as it was dealt yet another blow because of renewed worries about an energy crisis keeping inflation elevation. This would eventually make an economic recession certain in Europe. Meanwhile, there was a drop in the Chinese yuan to a low of two years and … Read more
On Monday, the sterling declined to its lowest value against the dollar since mid-July, as a summer of strikes and surging energy prices highlighted the cost of living crisis in the United Kingdom. It also ended up intensifying concerns about another slowdown in the economy. Sterling falls Due to worries about the surging inflation in … Read more
On Friday, the US dollar index record its biggest gain in a week since April 2020, as the currency touched a high of five weeks. This was after investors adjusted their expectations about the US Federal Reserve continuing to increase interest rates in order to curb inflation. The Fed’s stance On Thursday, several officials of … Read more
Foot Locker Inc recently made two major announcements that have earned it a great surge in terms of its stock prices. The share prices for the footwear retailer have risen significantly after sharing its earnings for Q2 2022 and revealing Richard Johnson’s stepping down as the company’s CEO. Foot Locker’s Promising Earnings On Thursday, the … Read more
Crypto lender Celsius Network received approval from a bankruptcy court judge on August 16th to sell the bitcoin that it had previously mined in order to continue funding its operations. The company’s attorney spoke out the next day that the crypto lending platform had received offers of cash injections. However, the lawyer did not disclose … Read more
On Wednesday, the Russian ruble climbed against the euro to an almost one-week high, as volatile trading saw the Russian currency and stocks swing wildly. This was primarily because oil prices dropped to a low of six months, but the ruble was held by the possibility of upcoming tax payments that tend to give demand … Read more
