AUD/USD: Lifted by Higher Than Expected Inflation

    AUD/USD: Lifted by Higher Than Expected Inflation

    AUDUSD jumped to two-week high (0.7116) in early Wednesday’s trading following release of Australian CPI data. Inflation remained elevated and unchanged in January compared to previous month (3.8%; Core 3.4% – the highest in 16 months) beating forecasts (3.3%; Core 3.7%) and boosting bets for another rate hike, after the RBA raised interest rates by…

    Read More

      Strong Earnings Not Enough to Power Stocks Past AI, Credit Worry

      (Bloomberg) — Corporate America just delivered one of the strongest earnings seasons in recent memory, but you wouldn’t know it looking at the stock market. Companies in the S&P 500 grew earnings by 13% in the fourth quarter, almost six percentage points better than expected. They also served up optimism about the coming year. The…

      Read More

        Has Tesla’s ‘iPhone Moment’ Arrived?

        Key Points Tesla is repurposing a U.S. factory to go all-in on building Optimus robots. Optimus has the potential to transform Tesla much like the iPhone did for Apple. While the prospects of Optimus are exciting, some of the potential upside from AI is already priced into Tesla stock. These 10 stocks could mint the…

        Read More

          Fact-checking the State of the Union and the Trump’s surgeon general pick faces a Senate grilling: Morning Rundown

          In today’s newsletter: Trump’s State of the Union tackled the economy and immigration as his approval ratings on both issues fall. The president’s surgeon general choice faces a tough Senate hearing today amid claims she’s not qualified. And NBC News visits tunnels under Gaza which Israel says need to be destroyed before the enclave can…

          Read More