Canadian economy tracking 3.4% second quarter annualized growth
The Canadian economy is on track for a stronger-than-expected rebound in the second quarter, as oil and gas led growth in May for a second consecutive month.
GBPUSD buyers push the price above a swing area target.
The GBPUSD surged higher yesterday, extending its rally toward a key swing level at 1.34797. However, during the Asia-Pacific and early European sessions, the pair corrected lower, retracing back to its converged 100-day and 200-day moving averages near 1.3398. The day’s low reached 1.3400, just a couple of pips above that critical support zone. That […]
Inside the Prediction Markets: Brokers Double Down as States Challenge the CFTC
Capital keeps flowing into the category through acquisitions, broker distribution, and new sports sponsorships. The legal question of who gets to regulate it, however, is still wide open. Here’s what mattered this week. IG Group’s Underdog deal pulls more brokers into prediction markets IG Group agreed on July 30 to acquire prediction markets operator Underdog […]
Woodsboro Bank Announces Commercial Banking Growth with Increased Lending Limit & Team Expansion
Frederick County’s community bank enhances capacity to independently fund larger commercial projects with faster, local decision-making. FREDERICK, Md., July 31, 2026 /PRNewswire/ — Woodsboro Bank, Frederick County’s longest-standing community bank, today announced a significant expansion of its commercial banking capabilities. The growth is attributed to the strong performance of the team, key new hires and […]
Healey sets first Budget for 28 October
Chancellor John Healey has confirmed he will deliver his first Budget on 28 October, pledging a fiscally disciplined package that will provide stability for businesses and households. In a video message, Healey said the Budget would “move money and power out of Westminster, and into every postcode around Britain”. He said it would be built […]
Chime cites AI in laying off 10% of its workers
Key insight: Chime and Visa have both indirectly tied AI to job cuts in recent announcements. Expert quote: “AI is changing what’s possible but requires new skills,” –Chime CEO and co-founder Chris Britt Forward look: The ability of consumers to use their own AI tools to access banking services will make some development work unnecessary. […]
AWS Achieves Fastest Growth in 18 Quarters. And That May Not Even Be the Best Part of Amazon’s Latest Earnings Report.
Amazon (AMZN +15.21%)stock was soaring on Friday after the company delivered its strongest quarterly growth in five years, breezing past analyst estimates. Revenue jumped 20% to $200.6 billion, ahead of the analyst consensus at $196.4 billion, and operating income rose 43% to $27.5 billion. Amazon Web Services, the company’s cloud computing division, got the bulk […]
Drought may hurt Puerto Rico, Virgin Islands economy
Dry vegetation affected by a drought in U.S. Virgin Islands. All of the U.S. territory is currently in an extreme drought that is projected to continue for at least a few months. Rafe Boulon A developing drought in Puerto Rico and the U.S. Virgin Islands may impact their economies, with implications for bonds, analysts say. […]
A New Reality for the AI Trade
Listen to the audio version of this article (generated by AI). Microsoft eases AI fears… the market’s new AI split… Luke Lango’s Exit Ladder if the selling returns… what the Fed’s preferred inflation gauge just revealed… Well, Microsoft (MSFT) just saved the AI trade – at least for the moment. Yesterday after the closing bell, […]
Amazon got $600 million in tariff refunds after a lawsuit accused it of favoring Trump
For months, Amazon would not say whether it planned to seek a refund on the tariffs President Donald Trump imposed under emergency powers. In May, that silence became a legal problem when consumers filed a class-action lawsuit in federal court in Seattle, arguing they were owed refunds for paying tariff-inflated prices and alleging the company […]