The Federal Reserve's preferred measure of price growth is expected to have slowed significantly in June, adding to the ongoing decline from its peak. The question now is how long this relief can last. Forecasted Slowdown in Core PCE Price Index Economists are forecasting that the core personal consumption expenditures (PCE) price index climbed by 0.2% in June, based on … [Read more...] about The Federal Reserve’s Preferred Measure of Price Growth
Forex News
Bond Yields Rebound Ahead of Inflation Data
On Friday, bond yields made a swift turnaround as investors eagerly awaited important inflation data. What Transpired The yield on the 2-year Treasury TMUBMUSD02Y, 4.874% dropped by 6.2 basis points to 4.87%. It's worth noting that yields move inversely to prices. Similarly, the yield on the 10-year Treasury TMUBMUSD10Y, 3.978% fell by 2.6 basis points to 3.98%. Additionally, … [Read more...] about Bond Yields Rebound Ahead of Inflation Data
AstraZeneca’s Acquisition of Gene Therapies Portfolio
AstraZeneca PLC (AZN) has recently announced a significant deal, acquiring a portfolio of gene therapies from Pfizer Inc. (PFE) for up to $1 billion. Set to close in the third quarter, this strategic move will provide AstraZeneca with a collection of early-stage gene therapies that specifically target rare diseases. This development holds immense potential as it has the … [Read more...] about AstraZeneca’s Acquisition of Gene Therapies Portfolio
Ex-Presidents as CEOs: A Whimsical Matchmaking
Many discussions revolve around CEOs running for president or considering a political career switch. However, we rarely hear about the possibility of former presidents taking on CEO roles in the private sector. While this is highly unlikely, let's indulge in some high-summer whimsy and imagine which ex-presidents would fit well in specific private-sector posts. Jimmy Carter: A … [Read more...] about Ex-Presidents as CEOs: A Whimsical Matchmaking
Tesla Takeover 2023: A Unique Event for Tesla Owners
An important event is set to take place this weekend, one that showcases the deep connection Tesla owners have with their beloved vehicles. This event, known as the Tesla Takeover 2023, is organized by Tesla Owners of Silicon Valley and is drawing significant attention from enthusiasts. Think of the Tesla Takeover as the EV equivalent of Burning Man, featuring a diverse range … [Read more...] about Tesla Takeover 2023: A Unique Event for Tesla Owners
