BNY’s Geoff Yu argues that changing gilt ownership patterns limit downside for the Pound (GBP) even as United Kingdom (UK) fiscal risks rise. Foreign investors have already reduced exposure, leaving domestic buyers dominant. While markets price stronger fiscal impulse after local elections, BNY expects any fiscal loosening to avoid a…
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The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the March meeting. Key quotesSeveral members believe it was suitable to keep policy rate at 0.75%. Members express concern over inflation rebound driven by rising oil prices. Some members say amid heightened uncertainties in Middle East, maintaining policy rate steady was appropriate. Member says central bank should soon modify deeply negative real interest rate. One member noted no evidence past rate…
USD/CHF edges lower on Wednesday, breaching a key support trendline at around 0.7800 as the…
This New York Times bestseller, published in 2014, doesn’t shy away from the messy, complicated…
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Wide pants, a Middle Eastern oil crisis, and pesky inflation. It almost feels like the 1970s, but don’t expect this decade’s labor crisis to hit Americans who work with their hands. Loading audio narration… Instead, the AI-revolution labor squeeze will come for office workers, Marc Rowan, the CEO of private…
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Apple has agreed to a $250 million settlement to resolve claims it misled consumers about artificial intelligence features tied to its latest iPhones, according to a federal court filing. The proposed deal, filed in the U.S. District Court for the Northern District of California, would create a non-reversionary settlement fund…
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Discount retailer Burlington is planning to open more than two dozen stores in 20 states this month as the company continues to expand its footprint with over 1,000 locations around the country. The company in March said that it planned to open 110 net new stores, plus a new distribution…
