As former New Federal Reserve President Bill Dudley points out, it is crucial for the Fed to cut rates as soon as possible in response to the looming recession concerns. Dudley’s change of heart reflects the rapidly changing economic landscape, where the previous strategy of maintaining higher rates for a longer period is no longer
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Delta Air Lines, one of the largest airlines in the United States, has reported a significant decrease in flight cancellations after facing a tumultuous few days. The airline, which had to cancel over 6,000 flights since Friday, saw a sharp decline in cancellations with only 47 flights being canceled as of the latest reports. This
The Brent crude oil market has been nothing short of volatile in recent days, with prices plunging to 81.14 USD per barrel. This significant decline, which has persisted over five consecutive sessions, can be attributed to a myriad of factors, including the sharp decrease in US oil inventories. The data released by the API revealed
As we move further into the year 2025, many workers are facing the reality that their annual raise will be smaller than in previous years. According to a survey conducted by WTW, a consulting firm, the typical worker is expected to receive a 4.1% pay raise for 2025, down from 4.5% in the previous year.
As the Bank of Canada considers cutting interest rates for the second time in the current cycle, it is essential to analyze the potential implications of such a decision. Commerzbank FX strategist Michael Pfister highlights that the seasonally adjusted monthly rates of change, aligned with the inflation target, support the view of a rate cut.
The EUR/USD pair has been struggling to clear the 1.0950 resistance level, showing signs of weakness against the US Dollar. The pair recently broke below the key support level at 1.0900, indicating a bearish sentiment in the market. Currently, there is a major bearish trend line forming with resistance at 1.0870 on the hourly chart,
Recent reports from Bank of America analysts have revealed a significant increase in the China revenue of four of the world’s largest semiconductor equipment manufacturers. Companies such as ASML, Lam Research, KLA Corp, and Applied Materials have seen their China revenue more than double since late 2022. This surge in revenue has been attributed to
The NZD/USD pair has weakened around 0.5945 in Wednesday’s early Asian session, marking a 0.25% decline. One of the factors contributing to this decline is the rising expectation of rate cuts by the Reserve Bank of New Zealand (RBNZ). This expectation has been fueled by the softer Consumer Price Index (CPI) inflation for New Zealand
Despite beating both top and bottom lines in the second quarter, Alphabet still saw a 1% slip in its stock price. This is likely due to its YouTube advertising segment missing revenue forecasts. It is essential for Alphabet to focus on enhancing its advertising strategies to meet market demands and investor expectations. Tesla experienced a
Windrose, a Chinese electric truck startup, is making waves in the electric vehicle market with its plans to establish a U.S. assembly plant for its semi-trucks by 2025. Founder and Chief Executive Han Wen revealed this ambitious move in an interview, signaling a direct challenge to Tesla in its home market. This article will delve
As investors eagerly anticipate key data releases this week, U.S. Treasury yields experienced a slight dip. The focus is on the second-quarter GDP figures and June’s personal consumption expenditures price index, which is the Fed’s preferred inflation gauge. These reports will play a crucial role in shaping potential monetary policy decisions at the upcoming Fed