The collapse of an elevated section of Interstate 95 in Philadelphia has highlighted the importance of mapping and navigations group Waze Inc. to the U.S. road network. Several lanes of I-95, a key highway that stretches from Miami to Maine, collapsed Sunday after a tanker truck caught fire underneath an overpass.…

The amount of money banks borrowed from the Federal Reserve rose in early June for the fifth week in a row and topped $100 billion for the first time in two months, pointing to low-level but ongoing stress in the U.S. financial system. Total bank borrowing increased by $5.7 billion…

2/2 © Reuters. FILE PHOTO: A depiction of the Australian Aboriginal Flag is seen on a window sill at the home of indigenous Muruwari elder Rita Wright, a member of the “Stolen Generations”, in Sydney, Australia, January 19, 2021. Picture taken January 19, 2021. REUTERS/ 2/2 By Byron Kaye, Melanie…

Investing.com — Down one day and up the next: oil’s interim volatility isn’t letting up, with bullish Chinese data propping up crude prices Thursday, after the previous day’s slump on the hawkish Fed stance that U.S. rate hikes will likely continue despite a . New York-traded crude was up $2.03,…

By Winni Zhou, Tom Westbrook and Brenda Goh SHANGHAI/SINGAPORE (Reuters) – Bond markets are putting Chinese and global rates on opposite paths, speculating on cuts in China against hikes in the U.S. and prompting banks and Chinese companies to prepare for a weaker currency as Beijing rolls out more stimulus.…

By Leika Kihara TOKYO (Reuters) -One of Bank of Japan Governor Kazuo Ueda’s biggest challenges will be to phase out a controversial yield curve control policy, which is criticised for distorting markets by keeping long-term interest rates low despite creeping inflation. While Ueda has stressed the BOJ will be in…

Tom James built Raymond James Financial into a regional brokerage and banking powerhouse, now encompassing $1.25 trillion in assets. After sixty years of successfully navigating bull and bear markets, the octogenarian shares his investment wisdom. Born in Sandusky, Ohio but a Floridian from the age of three, Tom James excelled…

The coming week is post-OPEX week which has a bearish bias as can be seen in the histogram below. The 10-day moving average of breadth is now overbought. The 4320-4350 area is support and is a downside target. The technology leaders are likely to correct before moving higher. Stock leadership…

So, you’ve decided you’re ready to go to college — or go back to college — during the upcoming fall semester. That’s all good news, except that you really need to figure out how you’re going to pay for it all. On this front, there’s both good news and bad…

Two Federal Reserve officials struck a hawkish tone Friday in their first comments since the central bank paused its aggressive interest rate hike campaign earlier this week.  Fed Governor Christopher Waller and Richmond Fed President Thomas Barkin both laid groundwork for additional interest rate hikes this year amid signs of…