The richest 20% are buying most of the new cars sold in the U.S.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that USD/JPY is consolidating just below a multi-decade high as Japan’s private sector growth strengthens and Consumer Price Index (CPI) tracks below Bank of Japan (BoJ) forecasts. Markets expect the BoJ to hold at 1.00% next week, with around 60 bps of tightening priced over twelve months. This…

Exchange of letters between the Governor and the Chancellor

We provide descriptive evidence on women’s experiences in platform-based driving and delivery work using survey and administrative data from India and Indonesia. Partnering with major two-wheeler platforms, we study representative samples of drivers, oversampling women to examine gender differences (India: 404 women, 2,153 men; Indonesia: 892 women, 2,114 men). Female participation is extremely low —…

We are exiting our position in Arm Holdings , selling are remaining 118 shares at roughly $303.46. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will no longer own a position in ARM. We’re using the bounce in the artificial intelligence and semiconductor group on Wednesday to sell the rest of our small position in chip…

Iran says that diplomatic efforts have been “active” in recent days, received proposals from several mediators !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

The Swiss Franc (CHF) steadies against the US Dollar (USD) on Tuesday as the Greenback gives up its early gains, with traders turning cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. At the time of writing, USD/CHF trades flat around 0.8184, retreating from an intraday high of 0.8205, its highest level…