Author: News Room

GBP/USD edges up to 1.2632, navigating through thin liquidity and a light economic calendar on both sides of the Atlantic. US Durable Goods Orders exceed expectations, while consumer concerns over inflation temper consumer confidence. Market focus on Fed Governor Waller’s upcoming speech and core PCE inflation data for potential rate cut insights. The Pound Sterling clings to gains of 0.05% against the US Dollar after hitting a daily low of 1.2605. Thin liquidity conditions prevail in the financial markets amid a shortened week in observance of Good Friday. At the time of writing, the GBP/USD trades at 1.2632. GBP/USD maintains…

MicroStrategy (MSTR) and Coinbase (COIN) have the most possibility of a short squeeze – or a rally spurred by short sellers getting out of their bearish bets – S3 Partners said in a report. The total short interest in crypto stocks is $10.7 billion, with MicroStrategy and Coinbase making up 84% of these bearish bets, the report added. The short sellers are piling into the crypto-linked stocks, wagering that they are primed to reverse their year-to-date jump in prices. However, the trade has become so crowded that it primed these stocks for a short squeeze, said data analytics firm S3…

Russia has been firming up its narrative that Ukraine was behind a deadly terrorist attack in Moscow last week, a move that was widely expected by political experts who said Russia would likely use the tragedy to further domestic support for the war against Ukraine.It’s gone one step further, however, with senior Kremlin officials claiming that the West conspired with Ukraine to carry out the attack on the Crocus City Hall concert venue last Friday in which gunmen killed 140 people.An investigation into the attack is ongoing, but the latest, outlandish accusations give Moscow a problem: it now has to…

Rebuilding the Francis Scott Key Bridge and getting the critical Port of Baltimore back online will require an enormous interagency effort – and significant federal funding. President Joe Biden pledged the full support of the federal government in the response and recovery efforts after Tuesday’s collapse. His administration has already conveyed a sense of urgency to open up federal funding to remove debris and ultimately rebuild the bridge. “I’ve directed my team to move heaven and earth to reopen the port and rebuild the bridge as soon as humanly possible,” Biden said of the interagency response, vowing that the federal government…

Fixed-income investing has garnered more attention lately as yields have risen dramatically over the last 12 months, reaching levels not seen since the Great Recession of 2007-2008. Current yields on U.S. Treasuries are now trading between 4% and 5% and have pushed other high-quality fixed-income assets, such as municipal bonds and corporate bonds, to yield levels not seen in many years. Collectively, this is attracting increased demand for fixed-income securities. A recent Morningstar report showed that the only investment category to post positive fund inflows for 2023 was fixed income, which added $395 billion to bond funds. More recently and…

When you buy through our links, Business Insider may earn an affiliate commission. Learn more Over-ear headphones offer some of the most impressive audio performance you can get for your money. But the best over-ear headphones provide more than just great sound. Top models also offer comfy designs and handy features like noise cancelling, wireless connectivity, and long-lasting battery life to be your sonic companion in virtually any scenario.After countless hours spent with dozens of models across multiple categories, we’ve selected the six best over-ear headphones you can buy. Our top pick is the Sony WH-1000XM5, which offer a well-rounded…

A historically accurate recession indicator is flashing across the country, but immigration trends leave no reason to worry, Claudia Sahm, the signal’s founder, wrote in Bloomberg.The so-called Sahm Rule has flashed red in 20 states, she says, and would indicate a recession has arrived. It triggers when the unemployment rate’s three-month average climbs 50 points above a 12-month low. But while rising rates paint a grim picture, it’s actually evidence of a winning economy, as each state’s rapidly expanding jobs market pulls in new immigrant labor. “Although this may appear dire, the increase in unemployment rates stem partly from the strength…

MEXICO CITY (Reuters) – Mexico’s economy is seen growing between 2.5% and 3.5% this year and then expanding 2.0% to 3.0% in 2025, a draft budget from the country’s finance ministry showed on Wednesday. Inflation in Latin America’s second-biggest economy is expected to tick down to 3.8% this year, according to the draft, essentially meeting the central bank’s target of 3%, plus or minus one percentage point. The expected 2024 inflation rate would also signal a slowdown from the 4.40% annualized growth rate in consumer prices in February. For 2025, the draft budget predicts that inflation will further ease to…

By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s and Wendy’s recently said they worry about losing business from those on the tightest budgets. Roughly a quarter of low-income consumers, defined as those making less than $50,000 a year, said they were eating less fast food and about half said they were making fewer trips to fast-casual and full-service dining establishments, according to polling in February by Revenue Management Solutions, a consulting firm.   The rising price of food is…

For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. There just might be a slight catch. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak of $28.50. And even though production has halted, the company still has SUVs to offer, so it’s having a sale. Prices for Fisker’s Ocean SUV have been cut by as much 39%. The catch, however, is that the car has received critical reviews rather than wide acclaim. And getting it serviced…