September 27, 2021 6:54 am
The last trading week was torn up between pretty big events such as the FOMC meeting, the Chinese Evergrande giant pending for bankruptcy, and the cryptocurrency transactions ban in China. The fears for world contagion risks from Evergrande are perceived in a pretty calm manner from traders and investors so far, but the Chinese government […]
Read moreSeptember 24, 2021 7:20 am
Workhorse Group Inc (WKHS) said earlier this week that deliveries of its flagship C-1000 electric van would be suspended, because additional tests and modifications were required for the vehicle to comply with regulatory standards. The company said that it would recall the 41 vans it had already delivered, regardless of that no reports of safety […]
Read moreSeptember 24, 2021 6:12 am
After a breakdown of the press conference and the FOMC statement, it turns out that a considerable amount of members are prone to tightening of the easy liquidity in 2022. Nine out of 18 governors in the Committee are set for an interest rate increase in 2022, by contrast of June statements for a pending […]
Read moreSeptember 23, 2021 9:37 am
Today the most market-expected event is the FOMC statement with insights on inflation, economic growth and a breakdown fo individual FOMC member’s interest rate forecasts. In recent previous statements the Fed has expected a below 3.5% PCE increase by the end of the year, despite the “temporary” surge of 3.9%. The S&P500 index just reached […]
Read moreSeptember 23, 2021 7:27 am
Macy’s Inc (M) said earlier this week that it intended to hire nearly 76,000 full-time and part-time workers at its stores, call centers and warehouses ahead of the busy holiday shopping season. The announcement indicated a return to hiring levels from before the coronavirus pandemic. Seasonal hiring plans also indicate retailers’ sales expectations for the […]
Read moreSeptember 21, 2021 7:21 am
Verizon Communications Inc (VZ) said last week that it would increase its subsidies on offer for the newly launched iPhone 13, as it seeks to lure more clients to its network. Verizon will now offer trade-in subsidies of up to $1000, while matching its competitor AT&T Inc, up from $700 previously. Clients who turn in […]
Read moreSeptember 20, 2021 7:25 am
J.P. Morgan (JPM) intends to launch its long-planned digital retail bank Chase in the United Kingdom this week, according to reports in the media. “This is a very big strategic commitment from the firm’s standpoint,” Sanoke Viswanathan, head of J.P. Morgan’s international consumer division, said in an interview with the Financial Times. “We will spend […]
Read moreSeptember 16, 2021 9:04 pm
Skoda Auto, which is part of the Volkswagen group, plans to stop production at its facilities across the Czech Republic for one week at the end of September because of chip shortages, according to the head of Skoda’s union. Jaroslav Povsik, the head of the company’s union, said in a union newsletter that cancelled shifts […]
Read moreSeptember 15, 2021 9:07 pm
AutoNation Inc (AN), the largest automotive retailer in the United States, said earlier this week that it had opened the AutoNation USA Denver 104 store. The latter is the first out of two AutoNation stores in Denver, which the company plans to open this year, and is located at 759 W 104th Avenue, Northglenn, CO […]
Read moreSeptember 15, 2021 8:42 am
US premium athleisure and footwear retailer Hibbett Sports, which operates more than 1,000 stores across the country, said earlier this week it had opened the first Orange County, California store in Fullerton. The 6,300 square foot store is located at 1365 S. Harbor Blvd., in the Fullerton Metro Center, while the Grand Opening celebration will […]
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