Traders add to bets the Fed will cut rates in September after PCE data
Traders on Friday added to bets the Federal Reserve will deliver a first rate cut in September after a U.S.…
Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2
Bank of America’s investment banking fees are expected to rise 10% to 15% in the second quarter from a year…
For Trump’s false records conviction, prison is rare but not unprecedented
Now that the jury in Donald Trump’s criminal trial has made the historic decision to convict him, the judge overseeing…
UK income growth lagged peers in period dominated by Conservatives, think tank says
Incomes in Britain grew at half the pace of those in the U.S. and lagged even further behind those in…
French preliminary May inflation higher than expected at +2.7%, Q1 GDP confirmed
French consumer prices rose by 2.7% year-on-year in May, surpassing expectations due to higher energy costs, according to preliminary data…
China’s May PMI disappointed as manufacturing fell back into contraction
China’s May manufacturing PMI fell to 49.5, down from 50.4 in April. May’s manufacturing PMI marked a 3-month low and…
Price cuts, weaker spending may boost Fed’s faith in inflation outlook
A new round of price cuts by major U.S. retailersand data showing a consumer spending slowdown may boost the Federal…
Fed’s Goolsbee says inflation could still fall without rising unemployment
U.S. Federal Reserve officials are “trying to wrap their head around” whether further improvement in inflation will require higher unemployment,…
Container Rates on the Rise Again
Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping…
Shipping’s new reality
After a period of relative stability spanning five decades, the industry finds itself grappling with a new reality. A maturing…