Forex News
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A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit ...
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It is certainly hard to keep the various venues and facets of Deutsche Bank’s now 15-year-long battle with billionaire Alexander Vik in order and understanding. After all, they involve numerous lawsuits and one criminal case against the Monaco-based billionaire in the High Court of Justice and Court of Appeal in London, the Court of Probate and Enforcement ...
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Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: chart Wages grow ...
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Here are three things I think I am thinking about this weekend: 1) Is the Disinflation Trend about to Gain Momentum Again? Friday’s PCE report showed further improvement in inflation down to 2.75% compared to the year ago rate of 4.76%. There has been a lot of commentary in recent months about a resurgence in inflation or a failure of the Fed to get to its ...
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There are two forces that shape the investment climate, politics, and economics, and they are both at the fore in the coming weeks. Among the highlights will be the European Central Bank meeting that will mostly likely begin its easing cycle. The Bank of Canada is a close call. If it does not cut rates in June, it will probably do so in July. The Swiss ...
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Last week was a quiet one for UK economic data, and the coming week doesn’t look too thrilling either…though at least traders should be at their desks for the whole week this time around! For GBP/USD traders, there are two longer-term stories to watch this week. First, traders are increasingly confident that the Bank of England (BOE) will keep its benchmark ...
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More weakening: Real (inflation-adjusted) Income and spending was negative in April. The PCE price index remained flat at 0.3 percent for the month and 2.7 percent for the year. ...
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Confirming what everyone knew, this morning Japan's finance ministry confirmed that it spent a record ¥9.8 trillion ($62.2 billion) over the past month, but really on two ...
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post: DONALD TRUMP FOUND GUILTY ON ALL 34 COUNTS HE FACED AT HUSH MONEY CRIMINAL TRIAL -JURY VERDICTJury reaches verdict in Donald Trump's hush money case The jury has reached a verdict in the historic criminal case against former President Donald Trump. The verdict in the first criminal case against a former president will be read shortly in the New York City courtroom where Trump has been on trial since April 15. “We the jury have a verdict. We would like an extra 30 minutes to fill out the forms if that’d be possible,” the jury's 4:20 p.m. note said, which was read aloud in court by Judge Juan Merchan. The jury deliberated for about 9.5 hours. Trump was in the courtroom awaiting the verdict, sitting with his arms crossed. Trump was charged with 34 counts of falsifying business records related to a hush money payment to adult film star Stormy Daniels in the final weeks of the 2016 presidential election. He pleaded not guilty. post: BREAKING: Donald Trump to be sentenced on July 11
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post: FED'S KASHKARI: LIKELY WE HOLD RATES FOR QUITE A WHILE: FT FED'S KASHKARI: SHOULD ERR ON TAKING OUR TIME TO CUT RATES: FT FED'S KASHKARI: US RESILIENCE REQUIRES HIGH RATES FOR AN EXTENDED PERIOD: FT FED'S KASHKARI: COSTS OF PREMATURELY DECLARING VICTORY ARE HIGH: FT
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OPEC+ has the outline of a deal to extend a crucial tranche of its oil supply cuts into the second half of the year, delegates said, as the group continues its efforts to avert a ...
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Last week was a quiet one for UK economic data, and the coming week doesn’t look too thrilling either…though at least traders should be at their desks for the whole week this time around! For GBP/USD traders, there are two longer-term stories to watch this week. First, traders are increasingly confident that the Bank of England (BOE) will keep its benchmark ...
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It’s been one of those weeks that’s all about the details. The weekly bar of the US Dollar is currently showing as a spinning top but that doesn’t really tell the story of the currency’s price action. Last week showed a strong response to resistance at the 105-105.13 zone, which led to a fast snap back that held through this week’s open. On Tuesday, a key ...
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HFM, one of the biggest brokers regulated by the South African authorities and a global broker of choice, has been honored with the ‘Best Copy Trading Broker Award’ at FMAS:24 in recognition of their reinvented Copy Trading program and market leading trading conditions. Copy Trading, HFM’s innovative copy trading feature, transcends geographical boundaries ...