The Asian currency market saw most currencies keeping within a tight range on Friday as the dollar maintained near two-month highs. The strength of the dollar has caused the Japanese yen to weaken further beyond levels that were initially thought to trigger government intervention. Despite mixed inflation data and repeated warnings from the Japanese government,
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Recent reports indicate that the heat in the housing market is beginning to cool down, with home prices experiencing a decline in their upward trajectory. While prices remain higher compared to a year ago, the rate of price appreciation has slowed significantly. According to data from real estate brokerage Redfin, the typical house sold for
A new report by AlixPartners suggests that Chinese automakers are on track to capture a significant portion of the global automotive market share by 2030. The report projects that Chinese automakers will hold 33% of the market share by the end of the decade, a substantial increase from their current 21% share. This growth is
The yen has plummeted to its lowest level against the dollar since 1986, raising concerns in currency markets about potential intervention from Japanese authorities. The U.S. dollar reached a level of 160.39 yen, highlighting the significant interest rate gap between the two countries that continues to weigh on Japan’s currency. Despite the efforts of the
The first half of the year has shown a 2.9% increase in U.S. auto sales compared to the previous year, but experts are cautious about maintaining this momentum through the year-end. The growth is expected to slow down in the next six months, with sales reaching approximately 15.7 million units, marking a modest 1.3% increase
Target, the Minneapolis-based discount retailer, has made a significant move to enhance its online marketplace by partnering with Shopify. This collaboration aims to bring new and trendier brands to Target’s website, allowing smaller or up-and-coming businesses using the Shopify platform to join Target Plus, the retailer’s third-party marketplace. This strategic alliance is expected to benefit
In a recent post, Ripple CTO David Schwartz shared insights into his personal crypto holding and selling strategies, revealing a trend among early Bitcoin investors. According to Schwartz, during his time holding Bitcoin, he would sell when necessary, whether it be to pay taxes or make purchases like a new computer. This behavior, as highlighted
Darden Restaurants recently released their quarterly results, showcasing a mix of positive and negative outcomes. Notably, Olive Garden, one of their leading chains, experienced a decline in same-store sales for the second consecutive quarter. This decline in sales can be concerning, especially for investors who were expecting stronger results. When we delve deeper into the
The recent surge in megacap stocks like Nvidia, Broadcom, and Eli Lilly has propelled the S & P 500 and Nasdaq Composite indexes to record highs. However, with some stocks skyrocketing by over 50% in a single year, concerns are mounting that a correction might be on the horizon. While the overall market has seen
The municipal bond market has been experiencing steady trading in the secondary market, with a strong emphasis on heavy new issuance. While U.S. Treasury yields fell and equities experienced an upward trend, the primary market was particularly active, highlighted by substantial deals and repricings. This article aims to delve into the current landscape of municipal