Lumber plays ‘canary in the coal mine’, cues downturn in commodities
admin The lumber market has taken some big hits from rising inflation and a slowdown in…
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Earnings expectations for 2023 likely to be revised lower, Goldman warns
The second-quarter earnings season started in earnest on Thursday with disappointing reports from JPMorgan Chase…
Read MoreU.S. stocks head for longest losing streak in a month as rate-hike fears, weak bank earnings bite
U.S. stocks fell sharply Thursday as investors braced for the possibility of a full percentage…
Read MoreFed’s Waller says CPI was ‘major league disappointment,’ leaves door open for 100 basis move
Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest…
Read MoreRampant U.S. dollar pushes euro below parity
The euro fell below parity to the dollar on Thursday, succumbing to the power of…
Read MoreItalian bonds slump, euro flirts with parity ahead of ECB introduction of anti-fragmentation tool
Italian government bonds slumped on Thursday with Prime Minister Mario Draghi in danger of being…
Read MoreU.S. jobless claims rise to highest level since last November
The numbers: Initial jobless claims rose by 9,000 to 244,000 in the week ended July…
Read MoreU.S. wholesale prices surge again and signal inflation is still running hot
The numbers: The cost of wholesale goods and services jumped 1.1% in June, signaling inflation…
Read MoreU.S. jobless claims rise to highest level since last November
The numbers: Initial jobless claims rose by 9,000 to 244,000 in the week ended July…
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Twitter stock price target boosted more than 50% as skepticism has now ‘flipped’ toward Elon Musk, analyst says
Twitter Inc. has a new bullish backer on Wall Street, as Rosenblatt Securities said the…
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