Best Buy earnings report is out, on Tuesday, with better than expected profits, but the quality of the earnings report is in focus. The electronics retailer saw US same-store sales tanked 12.7%, missing analyst estimates. Sales retreated in all product categories. And Q3 guidance hints had a slow start to …

European Central Bank (ECB) Governing Council member Yannis Stournaras said on Tuesday that he expects inflation to peak this year before starting gradually decline in 2023, as reported by Reuters.Commenting on the economic outlook, Stournaras acknowledged that risks to growth are tilted to the downside. As for the market’s reaction, …

On Tuesday, the USD/JPY pair approaches again the 140.00 zone. The USD/JPY is gaining momentum during the US trading session and climbed to 139.08, reaching the highest level since mid-July. The pair remains bullish amid a stronger US Dollar across the board.US dollar gains momentum despite another decline in Wall …

Stocks fell for a third day on Tuesday, jeopardizing a summer comeback rally, as the Federal Reserve and other global central bankers continued to send hawkish signals to fight inflation despite the negative consequences for economic growth or the impact on corporate earnings. The S&P 500 fell 1.1% to 3,986.16, …

WTI crude oil is settling at $97.01; highest since July 29. Continuing clashes in the Libyan capital, Tripoli, are threatening oil supply, moreover, the OPEC+ meeting is also a concern as Saudi Arabia has threatened production cuts. Earlier on Monday, WTI oil moved above the $96 level as traders focused …

Bitcoin took the journey, on Monday from the opening price at $19571.30 to $20199.30 at the time of writing. It last traded at this level in July when the bulls took over the market and initiated an uptrend.Since a big stone was thrown into the market waters by Jerome Powell’s …

Hundreds of thousands of Chinese people sent angry messages to several banks and local governments that have reverberated in Beijing’s halls of power. Most messages read: “If you stop construction, I will stop paying my mortgage”. Similar threats have been made across 328 property development projects in nearly 100 Chinese …

Gold price is bending below the European highs of $1,745.55. The precious metal is now losing 0.10% at the time of writing while the US dollar firms again, basing itself on a key measure versus a basket of rival currencies. Gold trades heavy in a bearish territory with potential demand …

In response to the market’s reaction to last week’s Jackson Hole, Minneapolis Federal Reserve Bank President Neel Kashkari said, on Monday, that people now understand how serious policymakers are about getting inflation back to 2%.The dollar has touched a fresh 20-year high to start the week fueled by hawkish comments …

WTI crude oil is settling at $97.01. That is the highest since July 29. The settled price is also back above the 200 day MA at $96.02.Continuing clashes in the Libyan capital, Tripoli, are threatening oil supply, moreover, the OPEC+ meeting is also a concern as Saudi Arabia has threatened …