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It's bad, but good enough for the feds. The May CPI inflation came in at 4.0 percent, while core inflation remained at 5.3 percent, a minor improvement. Energy prices dropped the most by 11.7 percent following the drop in crude oil prices, while food prices rose by 6.7 percent, outpacing income...

The seasonal escapade is here! Carnival Corp. and Norwegian Cruise Line Holdings Ltd. had a boost in their stock prices as market analysts anticipate a continuous rise in travel demand. The cruise industry's bookings have now surpassed historical levels, with minimal cancellations attributed to...

Hi Forex Trader, I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market. Overall there is strength in the AUD and CAD, with minor strength in the NZD and EUR...

No gain, much pain. Real estate investors have witnessed a substantial reduction in their involvement in the US housing market, with an average 50% decline in investor home purchases during the initial quarter of 2023. This decline is unprecedented in US history and can be attributed to the...

Purple is yet to be seen. Democratic US President Joe Biden and Republican leader Kevin McCarthy are reportedly close to reaching a two-year deal to increase the government's debt ceiling while placing limits on spending. This deal would involve higher funding for the military and veterans while...

The last minute’s here. Wall Street banks are expressing concern about the potential impact on the market due to the ongoing standoff over raising the U.S. debt ceiling, despite stocks continuing to rise. While equity investors remain confident that lawmakers will reach a deal before the June 1...

The Fed's latest data reveals a staggering $17.6 billion increase in revolving credit in March, marking the largest monthly surge in a year and one of the biggest on record. This credit surge is largely attributed to ever-increasing household credit card debt. In fact, the total credit card debt...

China is currently experiencing a new surge of COVID-19 infections, especially among individuals who have returned from public holiday travels, including traders and bankers. While some sources have reported that colleagues have tested positive for the virus, the impact on trading volumes is not...

The ceiling is sky-high! The US House of Representatives narrowly passed a bill to raise the debt ceiling that includes spending cuts, but it is unlikely to pass in the Senate or be signed by President Biden. Republican House Speaker Kevin McCarthy hopes to negotiate spending cuts with...

Breaking News! Tucker Carlson of Fox News has left the organisation after more than a decade as one of the network's leading voices. Fox News recently settled a lawsuit with Dominion Voting Systems for $787.5 million, which had accused the network of broadcasting false claims that it rigged...