U.S. dollar banknotes. Liu Jie | Xinhua | Getty The dollar languished near a one-month low on Friday and was poised for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a month-long rally. The dollar index, which measures the...Read More

The U.S. economy grew rapidly in the second quarter and exceeded its pre-pandemic size, but the outlook has suddenly turned cloudier due to the fast-spreading Delta coronavirus variant. Virus cases are rising again, particularly in parts of the country where vaccination rates remain low. The Centers for Disease Control and Prevention this week recommended that...Read More

Jul 31st 2021 AT THE START of the century, developing economies were a source of unbounded optimism and fierce ambition. Today South Africa is reeling from an insurrection, Colombia has suffered violent protests and Tunisia faces a constitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its president and...Read More

Guests enjoy outdoor dining in the Manhattan borough of New York City, U.S., May 23, 2021. REUTERS/Caitlin Ochs Second-quarter GDP forecast accelerating at an 8.5% rate Consumer spending, business seen powering economy Growth probably peaked in the second quarter About 380,000 people likely filed jobless claims last week WASHINGTON, July 29 (Reuters) – The U.S....Read More

Market Roundup •Canada Trimmed CPI (YoY) 2.6%,2.7% previous •Canada Median CPI (YoY) 2.4%,2.4% previous •Canada Common CPI (YoY) 1.7%,1.8% previous •US Wholesale Inventories (MoM) 0.8%,1.3% previous •Canada Jun  CPI (MoM)  0.3%,0.4% forecast, 0.5% previous •US Jun Goods Trade Balance  -91.21B,-88.16B previous •US Jun Retail Inventories Ex Auto  0.6%,0.9% previous •US Jun Core CPI (MoM)  0.3%,0.4%...Read More

Billionaire businessman Ken Langone told CNBC on Wednesday he expects higher-than-usual inflation to hit the U.S. economy for longer than the Federal Reserve anticipates. In an interview on “Squawk Box,” the Home Depot co-founder said both raw material and labor shortages have caused increased consumer prices during the pandemic economic reopening. Now, the potential for...Read More

Issued on: 28/07/2021 – 09:18 Paris (AFP) Imagine a world where you could sit on the same couch as a friend who lives thousands of miles away, or conjure up a virtual version of your workplace while at the beach. Welcome to the metaverse: a vision of the future that sounds fantastical, but which tech...Read More

Welcome to the “Non-Service” AI Economy? – InsideSources  InsideSources Read more…Read More

DXY partially reverses Monday’s downtick to the mid-92.00s. US 10-year yields remain side-lined below the 1.30% mark. Durable Goods Orders, Consumer Confidence take centre stage. The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, manages to regain some composure and advance to the 92.70 region. US Dollar Index...Read More

The numbers: Orders for passenger planes and other long-lasting products rose again in June even as manufacturers grappled with broad shortages of supplies and labor that are preventing a robust U.S. economic recovery from being even stronger. Orders for durable goods climbed 0.8% last month, the government said Tuesday. Economists polled by the Wall Street...Read More