• Will The ECB Continue To Hike Rates?
    15 June 2023
    We expect the ECB to deliver a 25bp rate hike this week and signal more to come. Rates markets are already priced for this outcome, and softening economic data dents the ECB's ability to push rates above their 2023 top. The impact on EUR/USD may be short-lived, with dollar rates still likely to be the primary driver of any sustained trend in the pair. When the European Central Bank governing council meets this week, no one will be shocked to discover that it elected to raise its policy rates by another 25bp. Our colleagues think the bank won’t…
  • Forbes: Aramco Remains Largest Company In The Middle East
    15 June 2023
    Aramco is the biggest company in the Middle East in terms of sales, revenues, and market value, according to the latest Forbes list for the top 100 companies in the region. With a market value of $2.1 trillion and sales of $604.4 billion, Aramco was an unsurprising winner of the top spot, with another 32 Saudi companies also on the top 100 list. This made Saudi Arabia the most represented country on the Forbes list. Those also include SABIC, the industrial conglomerate, and Ma’aden, the Saudi state mining company. SABIC ranked at…
  • Caltech Scientists Succesfully Beam Back Solar Power From Space
    13 June 2023
    Engineers at the California Institute of Technology (Caltech) have achieved a major breakthrough in the ongoing development of space-based solar power. The university recently reported that its experimental Space Solar Power Demonstrator (SSPD-1) successfully beamed solar power from space back down to Earth in a historic first which could spark major interest in what many think is the next frontier in clean energy production.  It’s become increasingly clear that one of the biggest hurdles for scaling solar and wind power is…
  • Could Crypto Overtake Traditional Investment?
    09 May 2022
    Despite recent volatility, there is rising conviction that cryptocurrency is on track not just to continue to enter the mainstream with increased momentum–but some predict it will surpass traditional investing within a decade.  A new survey by crypto exchange service Bitstamp of 28,000 investors worldwide finds that the majority see crypto going fully mainstream in the next 10 years.  Some 88% of institutional and 75% of retail investors surveyed believe that crypto will undergo mainstream adoption in a decade. A further 80% of…
  • Americans Still Quitting Jobs At Record Pace
    04 May 2022
    March with the gap between open jobs and available workers reaching 5.6 million. The Labor Department reported in its Job Openings and Labor Turnover Survey for March, 4.5 million Americans, or about 3% of the nation’s workforce, quit their jobs in favor of better wages and working conditions.  During the same period, the number of job openings rose to 11.5 million, an increase of 152,000 from the previous month. Economists were looking for job openings to decline to 11.2 million in March. The job openings significantly increased among…
  • FinTech Startups Tapping VC Money for ‘Immigrant Banking’
    02 May 2022
      Altruism is not the very first thing that comes to mind when the banking sector is considered, but a new generation of fintech companies is hoping to change that to some extent by tweaking offerings to be either “green” or socially equitable, such as offering avenues to credit for immigrants and harnessing an almost entirely untapped market. The fintech industry is rapidly growing and the global industry is projected to reach a valuation of $310 billion in 2022 growing at 25% CAGR. The number of fintech startups worldwide tripled…
  • Is The Dollar Too Strong?
    29 April 2022
    In a stark departure from tradition whereby American presidents refrained from talking about the value of the American dollar in order to avoid shaking up global markets, the 45th president of the United States regularly tweeted that he wanted the USD on the weaker side. Former president Donald Trump was blunt when asked by a WSJ reporter why he wanted the American currency to weaken: “Our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.” Trump might have left office more…
  • Big Tech Disappoints Investors on Earnings Calls
    29 April 2022
    The tech and internet sectors are frequently the highlight of most earnings seasons, and they rarely disappoint. Over the past decade, sizzling growth by the pivotal tech sector (NYSEARCA:XLK) has supercharged the entire market, with the sector now representing 28% of the S&P 500, more than twice the size of the next biggest sector,  consumer discretionary (NYSEARCA:XLY). But the tables have lately turned, with the tech boom hitting the skids while the energy sector (NYSEARCA:XLE), a perennial laggard, has emerged as the class valedictorian.…