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Featured AlphaTack Intel Article
Air Canada Pulls 2026 Outlook on Fuel Costs; Shares Drop
Air Canada suspended its full-year financial guidance because of the surge in jet fuel prices caused by the war in Iran. “Since late February, the situation in the Middle East and the sharp increase in global jet fuel prices have created a significant external shock...
– AlphaTack Intel Articles –
New Zealand Retail Sales Drop for Eighth Straight Quarter
New Zealand retail sales volumes contracted for the eighth straight quarter as high interest rates and the surging cost of living curb household spending. Sales volumes fell 1.9% in the fourth quarter of last year from the third, Statistics New Zealand said Friday in...
Mexico’s Weak Economic Growth and Inflation Slowdown Set Up New Interest Rate Cut
Annual inflation slowed more than forecast in early August Final second-quarter GDP data confirmed lackluster expansion Mexico’s annual inflation slowed much more than expected while economic growth remained feeble, according to separate reports published Thursday,...
US Mortgage Rates Drop to a 2024 Low as Buyers Await Fed Cuts
Bigger declines needed to spur buyer demand, economist says High prices and tight supply are keeping homes out of reach Mortgage rates in the US resumed their downward path, dropping to a new low for the year. The average for a 30-year, fixed loan was 6.46%, down from...
El-Erian Says Market Is Pricing In Too Many Fed Rate Cuts
Traders currently see 100 basis points of cuts by end of 2024 Fed Chair Powell to provide sense of policy path this Friday Traders are overplaying the prospects of an aggressive series of Federal Reserve interest-rate cuts before the end of the year, according...
US Manufacturing Activity Contracts at Fastest Pace This Year
S&P Global’s flash August gauge declines to 48 from 49.6 Services index edges up; measure of prices received eases US manufacturing activity shrank early this month at the fastest pace this year on further weakness in production, orders and factory employment. The...
Top China Economist Asks State to Curb Sway in Funding Startups
Yao says government funds not well suited for venture capital Urgency growing in China to support confidence, private sector A prominent Chinese economist has urged state funds to retreat from venture capital and allow the private sector to play a bigger role in a...