Chipotle Mexican Grill (CMG) posted a surprise 0.5% rise in first-quarter comparable sales on April 29, beating analyst expectations for a 0.8% decline as the burrito chain’s menu refresh and value positioning held up a…
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Previews had that configuration as the hawkish tail, the …
The Federal Reserve (Fed) held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Equities got the outcome they wanted twice over, a …
Robinhood (HOOD) topped Wall Street's second-quarter expectations, but shares fell about 4% in after-hours trading, adding to their 3.1% decline during Wednesday's session.
Considering that the Federal Reserve has been meeting this week, it’s safe to say that inflation is likely front-and-center on the minds of many advisors and investors. After all, energy prices and supply chain constrai…
MoonPay launched PayBox today—a payment vault that plugs into Claude and ChatGPT and lets AI agents, software programs that complete tasks autonomously on your behalf, to actually spend money for you.
Oil markets have entered a period of heightened volatility. Geopolitical tensions, shifting supply expectations, and uncertain demand forecasts continue to weigh on investor sentiment. This environment can make traditio…
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, extending its pause for a sixth consecutive meeting as policymakers continue to grapple with stubborn inflation.
A White House crypto adviser said that the proposed changes to the CLARITY Act were “not even close” to the administration’s position, signaling another fight over the bill.
Since our last ‘Three Tactical Rules’ update on June 9th, the S&P 500 is up less than one percent. The stagnation by the equity index has been due to the cooling of the AI trade. Like the S&P 500, the Three Rules have a…
Michael Pfister of Commerzbank argues that subdued imported inflation and low exchange rate pass-through give the Swiss National Bank (SNB) little reason to tighten policy. Despite a recent uptick in prices, he expects …
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that GBP/USD is flat around 1.33, supported by stronger United Kingdom (UK) lending data and stabilizing Bank of England (BoE) expectations. They stress th…
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase, and USD/CAD fell out of a session-long range to print its…
The Federal Reserve held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase, and Sterling rallied through the 1.3300 shelf it lost las…
For years, Ethereum has been synonymous with decentralized finance. It pioneered onchain financial tools like lending protocols and tokenized assets, which today underpin much of the crypto economy. But one of crypto's …
BNY’s Geoff Yu notes that USD exposure is elevated across global portfolios, with strong buying in both equities and bonds generating sizeable rebalancing signals. The bank recommends increasing FX hedges instead of sel…