JPMorgan Chase decreased technology, communications, and equipment expenses year over year during the first quarter of 2023, but an increase in headcount and...
The price of Conflux (CFX) increased for the second consecutive day as cryptocurrencies rebounded amid the ongoing crisis hounding the banking sector.
Binance reports that...
It has been a banner week for the New Zealand dollar, which has climbed 1.79% and gained over a cent. The US dollar is broadly lower on Thursday, and NZD/USD has gained 0.71% on the day, after posting gains every day this week. New Zealand has been hit with high inflation as the country continues […]
The stocks market is selling off after disappointing earnings from Goldman Sachs, the Empire State manufacturing survey showed growth stalled in January, and as surging yields have investors abandoning rate-sensitive sectors such as technology. The emergence of skyrocketing expenses for Wall Street banks has many investors worried that wage inflation may have been broadly underpriced […]
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss the latest inflation report, Fed Chair Powell’s testimony, JPMorgan earnings, and Dogecoin. They also discuss what the week ahead has in store for financial markets. Â
US stocks struggled after the big banks had a rough start to earnings season. JPMorgan shares dropped sharply over fears that surging expenses and wage inflation may lead to a greater profit miss over the next couple of years. Risk appetite did not get any favors from a wrath of US economic data that missed […]
Oil Crude prices continue to rally on optimism that the oil market will remain tight as COVID pandemic starts to move into the endemic phase.  Money managers are turning very bullish with Brent crude, sending bullish bets to an 11-week high. Today’s oil price rally is very impressive given how strong the dollar is today. […]