Argentina’s poverty soars to 53% amid Milei’s austerity measures
Argentina’s poverty rate soared to nearly 53% in the first half of 2024, according to official data released on Thursday, marking a sharp increase from the 41.7% reported at the…
Mexico’s trade deficit expands to $4.87 billion in August as imports surge
In an unexpected turn of events, Mexico’s trade deficit rose to $4.868 billion in August 2024, a significant increase from the $1.278 billion deficit reported in the same month the…
PCE report reveals cooling inflation in August—are more rate cuts on the horizon?
Inflation in the US continued its downward trend in August, latest data has shown, providing hope for additional interest rate cuts by the Federal Reserve. The Personal Consumption Expenditures (PCE)…
USDARS and USDCOP trends this week: Indicators of currency resilience and challenges for Argentina and Colombia
In the week ending on September 27th, two currencies drew significant attention: the Argentine peso (USDARS) and the Colombian peso (USDCOP). Their movements present a fascinating narrative of both gains…
Costco stock could have more surprises in store despite its YTD rally
Things weren’t all cupcakes and rainbows in the financial results that Costco Wholesale Corporation (NASDAQ: COST) reported last night. The retail giant came in slightly shy of estimates for revenue,…
Morgan Stanley downgrades Udemy to Underweight: is more trouble ahead?
Morgan Stanley has downgraded Udemy Inc (NASDAQ: UDMY) to ‘Underweight’ from ‘Neutral’ and reduced its price target to $7.50 from $10, implying a potential downside of 7% from the current…
China stimulus: top 3 commodities stocks to consider
China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week. According to Carlos…
Walgreens stock is cheap and oversold: is it a value trap?
Walgreens Boots Alliance (WBA) has become a fallen angel, costing investors billions of dollars in the past few years. Its stock has imploded, falling from $69 in 2014 to $9…
GameStop stock: Time to embrace the MicroStrategy approach?
GameStop (GME) stock price has moved sideways in the past few weeks as investors reflect on its recent earnings and cash raise. It was trading at $22.48 on Friday, much…
Brace for a natural gas price comeback – technical analysis
US natural gas futures were on consolidation for the second session in a row on Thursday after recording significant gains on Friday and Monday. At the time of writing, it…