No wonder Powell didn’t commit to extra hikes. Here are five reasons the January jobs report may be too good to be true.
Traders took heart that Fed Chair Jerome Powell, when he wasn’t being questioned by David Rubinstein on how he gets by on $190,000 per year, didn’t commit on Tuesday to having to be even more aggressive on interest rates given the huge 517,000 surge in nonfarm payrolls. Powell said rates would have to go even […]
Why Is Latin America Hard to Enter for Retail IBs?
Retail introducing brokers (RIBs) in Latin America (LATAM) face a number of challenges and issues that can make providing effective services to their clients difficult. A lack of regulatory clarity, limited access to technology, and a challenging economic environment are some of the major challenges confronting RIBs in Latin America. No One-Size-Fits-All Approach to Latin […]
Australian data – Q4 2022 Retail sales -0.2% q/q (expected -0.6%)
Retail sales from Australia, Q4 2022 comes in at -0.2% q/q expected -0.6%, prior +0.2% the y/y is +1.8% Australian Bureau of Statistics comments on the data: Retail sales volumes fell for the first time since the September quarter 2021, with volumes falling across all non-food industries as consumers tightened discretionary spending in response to […]
Amazon cut 67,000 jobs in 2022, the first yearly decline in 20 years
Amazon.com Inc. had a pretty bad year in 2022, with the e-commerce and cloud giant recording its biggest loss ever, and with its stock suffering a yearly record loss. Its employees had a bad year, too: For the first time in 20 years, the company shrank its workforce. According to Amazon’s 2022 annual report, released […]
RH to restate quarterly results after errors in earnings-per-share calculations
RH, the retailer formerly known as Restoration Hardware RH, -0.99%, said in a filing late Friday that it will restate per-share earnings results for several periods after it found mistakes in the way it accounted for some pretax losses related to debt payments. RH also updated its fiscal 2022 revenue outlook, saying it expects a […]
TotalEnergies reveals $3.1 billion exposure to Adani
TotalEnergies, the French-headquartered energy giant, has told investors it has a “limited” $3.1 billion exposure to Indian conglomerate Adani Group, becoming the first western company to outline its exposure to the company which has shed billions of dollars in market capitalization. In a statement posted on its website Friday, the multinational oil giant outlined the […]
‘I always say yes’: How can I deal with aggressive salespeople? I’ve spent a fortune on gym classes. I even told a job interviewer I had no other offers. Help!
I am a 31-year-old man, not yet married, earning decent money and have no great financial burden in my family. I have learned from your replies to others that many money problems are not only about the numbers — income, rate of return or which stock to buy and when — but also about our […]
State of the Union: 5 key challenges for Biden as he delivers his speech
President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office.Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American presidents […]
Adani selloff worsens after cancellation of $2.5 billion share sale
Shares of Adani Group companies continued their multi-day plunge Thursday, hours after the Indian conglomerate cancelled an up-to-$2.5 billion share sale amid a record dive in the stock price of its flagship company. Shares of Adani Enterprises 512599, -7.78% were last down 8.8%, a day after the stock fell more than 28% in its biggest […]
Record Activity of Retail FX/CFD Traders
The last quarter of 2022 exhibited visible changes in key operational metrics related to retail traders. Finance Magnates Intelligence dives deeper into CPattern data for October to see if there is hope for any significant turnaround in the industry data. The first month of the last quarter witnessed an increase in all three metrics that […]