The latest data released by the Bureau of Economic Analysis indicates that inflation is showing signs of easing, with the Personal Consumption Expenditures (PCE) index coming in at 2.5% over the same point last year. Core PCE, which excludes food and energy, saw a year-over-year increase of 2.6%. These numbers are quite stable compared to
The U.S. dollar showed signs of recovery on Friday, making gains after a five-week losing streak. The Dollar Index, which measures the dollar against a basket of other currencies, rose slightly by 0.1% to 101.314. This positive movement comes after the dollar reached its highest level since August on Thursday, hitting 101.58. Despite this week’s
Bitcoin’s price has experienced a slight fall on Thursday, reflecting the overall caution in the market due to an upcoming U.S. inflation reading that could impact the outlook for interest rate cuts. This decline comes on the heels of a broader risk-off movement in financial markets, which has particularly affected the prices of cryptocurrencies. Throughout
The Municipal bond market experienced little change as U.S. Treasury yields rose and equities ended mixed. However, there was a notable increase in demand for high-yield bonds, with inflows of $357.5 million reported after $355 million of inflows the previous week. This surge in demand indicates that investors are looking for higher returns despite the
Recently, a business group has filed a lawsuit in federal court in Austin, Texas, challenging the constitutionality of a 2021 law that penalizes banks and financial institutions for participating in a “boycott” of the fossil fuel industry. The lawsuit argues that the law infringes on the free speech and association rights protected under the First
The recent special session of the Colorado Legislature came to a close with the approval of House Bill 1001, aimed at addressing property tax cut initiatives that were causing concern in the state’s municipal bond market. This bill, which received bipartisan support, signifies a significant step towards easing tensions surrounding property tax issues in Colorado.
In recent years, there has been a noticeable shift in the preferences of young consumers when it comes to footwear. According to Stifel Financial, more and more individuals are turning towards brands like New Balance and Adidas Sambas, posing a potential threat to Nike’s market share. While Nike’s Dunk remains a popular choice, analyst Jim
The U.S. dollar has managed to edge higher after hitting a 13-month low earlier in the week. The Dollar Index, which measures the greenback against a basket of other major currencies, rose by 0.2% to 101.182. This rebound is partially attributed to the dollar’s safe-haven status amidst growing concerns about trade tensions between China and
Best Buy recently announced that it has raised its fiscal-year profit guidance after surpassing both earnings and revenue expectations for the most recent quarter. This move has sparked optimism among investors and analysts alike, with the retailer now expecting to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from
The recent movements in the Bitcoin market have left traders on edge, as the price of the world’s largest cryptocurrency experienced sharp declines over the past two days. The movement of nearly $2 billion tokens between wallets of a major crypto exchange sent shockwaves through the market, raising concerns about another potential major sell-off event.