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Canadian dollar targets retail sales

by on March 18, 2022 0
The Canadian dollar continues to rally and gained more than 1% this week. We will see Canadian retail sales later today. Retail sales are expected to rebound After a difficult start to the week, the Canadian dollar pulled back and posted three winning days, while the US dollar fell against the major currencies. The... Read More

Fed survey of small business credit identifies companies hardest hit by pandemic

by on February 27, 2022 0
the Small Business Credit Survey 2022 Employer Business Reportpublished by the 12 Federal Reserve Banks, confirmed what many economists suspected: many small businesses have not returned to pre-pandemic levels, with the effects of the pandemic disproportionately hitting businesses in the leisure and hospitality, and small businesses, especially businesses owned by people of color. The... Read More

ELEVATE CREDIT, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-K)

by on February 25, 2022 0
The following Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to help the reader understand our business, our results of operations and our financial condition. The MD&A is provided as a supplement to, and should be read in conjunction with our consolidated financial statements and the related notes... Read More

Why did strong retail sales fail to lift the USD?

by on February 16, 2022 0
The US Dollar traded lower against all major currencies on Wednesday despite hawkish FOMC minutes and strong US data. The Federal Reserve is on track to raise interest rates in March, especially after the 3.8% jump in retail sales last month. Economists expected the increase to be led by auto and gas sales, but... Read More

Geopolitics and FOMC minutes will impact dollar valuation

by on February 15, 2022 0
US retail sales are expected to rebound in January. Investors are likely to ignore US data amid the Russian-Ukrainian conflict. The US Dollar Index needs to clear the resistance at 96.40 to continue pushing higher. The dollar started the new week on solid footing and outperformed its rivals as heightened fears over Russia’s invasion... Read More

Government debt yields end mixed

by on January 23, 2022 0
Government securities (GS) yields ended last week lackluster after a sell-offff US Treasuries as traders anticipated more aggressive interest rate hikes from the Federal Reserve. GS yields, which move opposite to prices, rose a weekly average of 5.01 basis points (bps), according to PHP Bloomberg Valuation Service benchmark rates published on the Philippine Dealing... Read More

Loonie eases on retail sales report

by on January 22, 2022 0
On Friday, the dollar rebounded slightly against the Loonie, regaining short-term support. US Treasury yields fell slightly. Canadian retail sales were stronger than expected and rose in November, while US leading economic indicators came in line with expectations. Next week, currency markets will focus on the Federal Reserve meeting. The FOMC will likely continue... Read More

Treasury raises 35 billion pesos from new 10-year bonds

by on January 18, 2022 0
MANILA, Philippines — The Treasury Office raised 35 billion pesos from new 10-year bonds as local creditors flocked to Tuesday’s auction to park funds despite lingering risks of an impending interest rate hike in the USA. The Treasury set the coupon rate at 4.875%, which National Treasurer Rosalia de Leon said was lower than... Read More

2 FinTech stocks that you can buy right now

by on December 27, 2021 0
Financial technology has brought financial services into the digital age. And the COVID-19 pandemic has accelerated the trend of bringing businesses around the world online. Two fintechs that are making great progress in this environment are Web Markets (NASDAQ: TW) and Silvergate Capital (NYSE: SI). Both are customer-centric innovators, and the markets have rewarded... Read More

Mortgage Rates Today Are Going Down | December 15, 2021

by on December 15, 2021 0
Iinterest rates are lower today. The average rate for a 30-year fixed-rate purchase loan has fallen to 3.607% while the rate for a 30-year refinance has fallen to 3.797%. While most types of loans have seen their rates drop, the rate on a 15-year fixed-rate mortgage has increased to 2.604% for purchase loans and... Read More

Walmart and Target will be making money this Christmas. Small businesses may not be so lucky

by on November 27, 2021 0
But this year’s Small Business Saturday promotion is unlikely to change the fortunes of independent stores in America, which have radically diverged from their biggest rivals. Small retailers have been squeezed out throughout the pandemic and are at a significant disadvantage in the face of the current supply chain crisis, rising inflation and a... Read More

Retail sales increase as inflation increases. Problems for the GDP?

by on November 20, 2021 0
Text size Despite their concerns about inflation, American consumers shop and continue to fuel economic activity. Spencer Platt / Getty Images Inflation makes consumers miserable. Judging from retail sales, it might not matter, just yet. But high inflation expectations are a warning worth heeding, potentially signaling slower economic growth to come. When the Commerce... Read More

UK faces ‘choppy growth, rising inflation and rising income inequality’ – business live | Business

by on November 9, 2021 0
Hello and welcome to our continued coverage of the global economy, financial markets, euro area and business. The surge in risky asset prices this year has made them increasingly vulnerable to a drop if economic growth worsens, the pandemic escalates, or investors lose confidence. That’s the message from the US Federal Reserve, which is... Read More

Crypto fails as money. Regulators can save it.

by on November 6, 2021 0
Cryptocurrency has so far failed to wipe out government-issued money, or spark the broader revolution envisioned by its most ardent enthusiasts. But what if the underlying technology could be harnessed to transform traditional fiat currencies, for example making them much easier and cheaper to use for more people around the world? That goal might... Read More

NRF economist: ‘Watch what consumers do, not what they say’ as recovery continues

by on October 1, 2021 0
“All eyes are watching closely the ability of buyers to stimulate the economy.” NRF Chief Economist Jack Kleinhenz WASHINGTON – Despite declining consumer confidence amid the recent surge in COVID-19 infections, shoppers continue to spend, Jack Kleinhenz, chief economist for the National Retail Federation, said today. “With consumer spending making up about two-thirds of... Read More

Share the market today LIVE | Sensex, Nifty, BSE, NSE, Stock Prices, Stock Market News Updates September 29, 2021

by on September 29, 2021 0
Asian stock markets were trading lower, reflecting an overnight drop on Wall Street. Share Market News Today | Sensex, Nifty, LIVE stock price: The national stock market benchmarks BSE Sensex and Nifty 50 were on the verge of being sold off strongly on Wednesday, a day before the September futures and options expiration of... Read More

Global stocks advance after Fed signals support easing

by on September 23, 2021 0
AP – Global stocks were mostly higher yesterday after the Federal Reserve signaled it may start easing its extraordinary support measures for the United States (US) economy later this year. Benchmarks rose in Paris, London, Hong Kong, Shanghai and most other markets. US futures were higher. Markets have been closed in Tokyo for a... Read More

South African rand strengthens as Evergrande deal increases risk appetite

by on September 22, 2021 0
People chat outside a reception with an electronic board displaying the movements of major indices in the Johannesburg Stock Exchange building in Sandton Johannesburg, March 14, 2016. REUTERS / Siphiwe Sibeko / File Photo JOHANNESBURG, Sept.22 (Reuters) – The South African rand strengthened on Wednesday as risk appetite improved after the China Evergrande group... Read More

Gold and silver beaten after August 2021 retail sales release

by on September 17, 2021 0
Gold and silver prices both experienced virtual collapse after the release of a US Census Bureau report detailing monthly sales of retail and restaurant services in August 2021. The report indicated a consumer spending increase of 0.7%, totaling sales of $ 618.7 billion. The report states that “the anticipated estimates of retail sales and... Read More

ERP as digital AR gateway, AP

by on August 6, 2021 0
The events of 2020 have pushed companies across multiple industries to take the next steps on their digitization journey. Companies that needed to move their operations to remote working models for most of the past year were motivated to use electronic payment methods, and ACH B2B transactions for supplier payments and others. use cases... Read More

Wooden Treasurer shares updates on Connecticut economy

by on August 4, 2021 0
Treasury press release: August 4, 2021 Connecticut State Treasurer Shawn T. Wooden has provided the Governor and General Assembly with the monthly cash and bond report for June 2021 with updates as of July 31. Report highlights Connecticut’s continued strong cash position during the ongoing pandemic and summarizes bond issuances before year-end 2021 and... Read More

Deepening Nigeria’s Payments System | THIS DAY

by on July 20, 2021 0
Donald nwaogu The Central Bank of Nigeria (CBN) recently unveiled its intention to launch its digital currencies before December 2021. With this plan, the CBN joins over 70% of central banks around the world who are respectively studying payment technology following increasing investor interest in cryptocurrency. In addition, technological advancements in recent years, which... Read More

Retail sales increase 0.6% in June

by on July 17, 2021 0
Retail sales rose in June, the Commerce Department reported on Friday, an unexpected jump as American consumers increased their spending on restaurants, clothing and gadgets. The value of all retail purchases rose 0.6% last month after declining 1.7% in May. Excluding automobiles, sales jumped 1.3% in June. The increase surprised Wall Street analysts, who... Read More

Northern California National Bank announces results of

by on July 16, 2021 0
CHICO, Calif., July 15, 2021 (GLOBE NEWSWIRE) – Northern California National Bank (“NorCal” or the “Bank”) today announced the results of the previously announced cash tender offer by investors seeking to acquire all of the outstanding shares of NorCal (the “Investors”), a planned reverse stock split and the closure of its share transfer cases... Read More

Fed markets: your hawkish shift fools no one

by on June 19, 2021 0
Investors call the Federal Reserve bluff. They are right to do so. At first glance, and with a big dose of relativity, last week’s updated summary of President Jerome Powell’s economic projections and commentary marks a hawkish turn. Officials have signaled that rates could rise in 2023, earlier than previously wired. And at his... Read More

Take Five: Focus on Fed-flation | WKZO | All Kalamazoo

by on June 11, 2021 0
1 / FÉD-FLATION GROUNDS Markets will listen intently to what the Federal Reserve has to say about inflation at the end of their two-day meeting on Wednesday, amid fears that billions of dollars in fiscal stimulus could fuel higher consumer prices. After years of very low inflation, a range of measures, including the Fed’s... Read More

Credit card balances drop second largest amount since 1999

by on May 30, 2021 0
Card balances are low, but that doesn’t necessarily mean better economy. U.S. credit card balances are down – path down. According to latest household debt and credit report from the Federal Reserve Bank of New York, credit card balances fell sharply in the first quarter of 2021. In fact, balances experienced the second largest... Read More

Mining stocks herald better days for gold

by on April 22, 2021 0
Text size Jason Bennee / Dreamstime Overshadowed by the wild swings in Bitcoin and other cryptocurrencies, the original counterpoint to paper money – gold – has quietly seen an ascent this month. Even more than the metal, gold miners’ stocks rebounded and gained relative strength against the broader stock market. Gold mining stocks tend... Read More

AUD / USD mixed as retail sales beat expectations

by on April 21, 2021 0
Australia Retail Talking Points: Australian retail sales rose 1.4% in March, up from an expected reading of 1% Aussie dollar was aiming higher in immediate trade, but faded AUD / USD may look to test 0.7800 again, reversing recent formation of a head and shoulders pattern Australian retail sales rose 1.4% in March, well... Read More

US economic system leads world restoration from pandemic

by on April 4, 2021 0
America’s rise is ending – no less than for now – China’s lengthy reign as the first engine of the $ 90 trillion world economic system. The Biden administration’s gratuitous spending – coupled with the Federal Reserve’s extraordinarily low rates of interest – is fueling the burgeoning U.S. increase and lifting different international locations,... Read More

Markets might stay risky in opposition to a backdrop of falling Turkish lira; TCS, Future Retail in inventory

by on March 22, 2021 0
MUMBAI: Markets are anticipated to be risky on Monday after Asian friends, whereas SGX Nifty developments recommend a flat to adverse opening in Indian benchmarks. On Friday, the BSE Sensex completed at 49,858.24, up 641.72 factors or 1.30%. The Nifty closed at 14,744, up 186.15 factors or 1.28%. Asian markets stored their cool on... Read More

SOS Capital redefines merchant cash advances

by on March 11, 2021 0
The merchant cash advance (MCA) industry does not always have a solid reputation. Much like the consumer payday lending industry, MCAs can provide businesses with the cash they need so much to keep their heads above water. However, this comes at a price (often in the form of exorbitant interest loans), and sometimes that... Read More