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From inflation, to credit card debt, to who's actually doing the spending: These are key takeaways from this week in economic news.
We haven't written up this one. NPR has the full story — the link below goes straight to it.
EUR/USD rallies on Friday, erasing all the losses recorded earlier this week as broad-based weakness in the US Dollar (USD) lifts the Euro (EUR). At the time of writing, the pair trades around 1.1580 near its highest level since June 17.
Commerzbank’s Carsten Fritsch notes Gold has rallied to its highest level since early June as markets scale back expectations for further Fed rate hikes.
The stock has surged in the past couple of years, and management recently raised its full-year revenue guidance amid booming demand for its power equipment.
President Trump just gave this drone company a big boost.
Pakistan’s weekly inflation increased 0.15 percent, pushing the annual inflation rate to 9.11 percent. The Pakistan Bureau of Statistics released the latest weekly inflation report on Friday. According to the report, prices of 20 essential commodities increased during the week.
