Turkish Lira Plummets As Erdogan Refuses Tightening
The Turkish Lira fell past 17 per dollar, a level not seen since last December. People rushed into foreign currencies following President Recep Tayyip Erdogan ruling out higher interest rates…
JPMorgan Strategists Say Equities Flashing a Bullish Signal
JPMorgan Chase & Co. strategists are saying they see tentative signs that inflation volatility is peaking, as they note that stock markets are exhibiting one sign which could point to…
European Stocks Down As ECB Decision Points To Rate Hikes
After the European Central bank announced plans to raise rates to fight surging inflation, and warned of higher inflation and slower economic growth, European stocks tumbled. The Stoxx Europe 600…
Supply Chain Outlook Still ‘Pretty Severe,’ Economist Says
Citi Global Chief Economist Nathan Sheets said in an interview that a continuing supply chain crunch will apply upward pressure on already rising inflation. He said, “The supply chain picture…
GM Bets New Ultium Batteries Will Produce EV Dominance
GM has invested massively in EV research, and is now betting that its new Ultium platform, made up of batteries. motors, software, and other components will set it apart from the competition,…
European Central Bank To Hike Rate As Inflation Jumps
The European Central Bank will meet in Amsterdam on Thursday for their first policy meeting outside of Frankfurt since the COVID pandemic. It is expected they will announce their intention…
Apple Will Handle Lending For Its New Pay Later Service
Apple will not utilize financial services companies to handle the lending for its new buy now, pay later (BNPL) service, but will rather handle the lending itself, according to Bloomberg…
Volkswagen Is Looking To Build US Battery And EV Factories
Volkswagen of America CEO Scott Keogh said Wednesday that the carmaker is looking to build US battery and EV manufacturing facilities in the US. Although he declined to discuss any…
Deutsche Bank Sees No Recession Coming
As many on Wall Street are worrying that Federal Reserve rate hikes might tip the economy into a recession, Analysts from Deutsche Bank are striking a more reassuring tone. Deutsche…
Mortgage Demand Lowest In 22 Years
Mortgage demand continues to drop, as rates have begun increasing again, and housing sales have begun to decline due to a lack of listings. According to the Mortgage Bankers Association’s…
