Kristen Deptula, center, with her husband and two children, says that paying a $15 per hour wage has helped them grow their Rehoboth Beach, Delaware, business. When Kristen Deptula and her husband bought the Canalside Inn in Rehoboth Beach, Delaware, in October 2019, they had no idea the coming summer season at the shore town
Month: June 2021
Boston Federal Reserve President Eric Rosengren said on Friday that they have to think about some of the side effects of a low-for-long interest rate strategy, as reported by Reuters. “Monetary policy may not be able to be accommodative for as long if financial stability risks are not addressed,” Rosengren further argued. “I’m worried that if
The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel. In a Thursday announcement, Marvel Entertainment said it had partnered with Orbis Blockchain Technologies to release nonfungible tokens, or NFTs, and digital collectibles on the VeVe marketplace app starting later this year. According to the entertainment company, the NFTs will
Narrow range extended but initial break can’t do much The EURUSD just moved above the 200 hour MA for the first time since June 11, but the first break is not finding the hoped for run higher. The MA comes in at 1.1960. The high just reached 1.1965, but has moved back below the level.
Highlights from the May 2021 personal consumption expenditure report: Prior was +1.8% PCE core MoM +0.5% vs +0.6% expected Prior MoM +0.7% Deflator YoY +3.9% vs +3.9% expected Prior deflator YoY +3.6% Deflator MoM +0.4% vs +0.6% expected Prior MoM deflator +0.7% Full report Consumer spending and income for May: Personal income -2.0% vs -2.5%
NEW DELHI: Gold in the national capital on Friday dipped marginally by Rs 66 to Rs 46,309 per 10 gram, according to HDFC Securities. The precious metal had closed at Rs 46,375 per 10 gram in the previous trade. In contrast, silver jumped Rs 332 to Rs 67,248 per kilogram from Rs 66,916 per kilogram
Dollar weakens in early US session, in particular against Yen. PCE inflation showed notable acceleration in May but fell short of expectations slightly. Nevertheless, Sterling is the worst performing ones for today, extending post BoE selloff. The Pound is also pressured by uncertainties over resurgence of coronavirus infections. Commodity currencies are the strongest, as US
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday. Though the gain was the biggest since April 1992, it met the Dow Jones estimate and markets reacted little to the news. Stock market futures indicated a
Here is what you need to know on Friday, June 25: Equity markets continue to set more and more records as 2021 progresses with any dip in danger of being devoured by hungry buyers. The Fed wobble from last Thursday and Friday set up the latest dip and sure enough record highs swiftly followed. The
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Only a 29 pip trading range The USDCHF has not had a lot of price action today. Apart from the AUDUSD which only has a 26 pip trading range for the day, the range for the USDCHF is next lowest at 29 pips. Looking at the hourly chart, the high price today was able to extend above the 100
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NEW DELHI: Gold prices edged lower on Thursday as a stronger dollar dented the yellow metal’s appeal. Investors are awaiting more US economic data due this week to gauge inflationary pressures. The safe heaven metal slipped in domestic markets. According to two US Fed officials, inflation may remain elevated longer than expected. The central bank
Sterling drops notably today after BoE delivered no hawkish surprise. While it sounded upbeat on the outlook, the MPC, except chief economist Andy Haldane, would prefer to wait until August to take any policy actions. Dollar is also soft after weaker than expected jobless claims and durable goods orders. On other other hand, New Zealand
Initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record amount of job openings. First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 and worse than the 380,000 Dow Jones estimate, the Labor Department reported Thursday. A separate report
In this article NKE A man walks in front of Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike on Thursday reported fiscal fourth-quarter earnings and sales that topped analysts’ estimates, fueled by record revenue in North America. Nike shares jumped more than 4%
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