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Pound stumbles as UK wage growth cools

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The pound ticked lower on Thursday as the UK’s latest jobs report revived the potential of a Bank of England (BoE) interest rate cut next month. Sterling remains on the back foot so far this morning, with GBP/EUR subdued...more

Robins Kaplan LLP

Financial Daily Dose 9.17.2021 | Top Story: World Bank Withdraws “Doing Business” Report After Probe Suggests Improper Influence

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In what appears to be a serious black eye for the organization, the World Bank has canceled its prominent “Doing Business” report (which rates the “business environment of the world’s countries”) after an “investigation...more

Robins Kaplan LLP

Financial Daily Dose 4.16.2021 | Top Story: Lower Jobless Claims and Big U.S. Retail Sales Power Dow Above 34,000

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More good economic news in the U.S. this week, with first-time jobless claims falling to 613k, a decrease of more than 150,000 from a week earlier and the lowest level of the pandemic. ...more

Robins Kaplan LLP

Financial Daily Dose 12.1.2020 | Top Story: GM Adjusts Deal with Nikola, Won’t Take Stock in E-Truckmaker

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Mere months after an announced major investment in start-up electric truck company Nikola (and the subsequent claims that the company had “exaggerated its capabilities), General Motors announced this week that it had...more

Robins Kaplan LLP

Financial Daily Dose 9.25.2020 | Top Story: US Jobless Claims Rise As Recovery Stagnates

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New U.S. unemployment claims rose last week according to data released on Thursday, the latest sign that America’s recovery from the pandemic-induced recession is slowing—a “particularly worrisome” trend as cold-state...more

Robins Kaplan LLP

Financial Daily Dose 9.17.2020 | Top Story: Fed Pledges to Hold Rates Near Zero Into 2023; Markets Rattled

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The Fed sought to reassure markets for the foreseeable future on Wednesday by announcing that it plans to hold rates at their near-zero mark until into 2023 as it tries to “coax the economy back to full strength after the...more

Robins Kaplan LLP

Financial Daily Dose 8.14.2020 | Top Story: Top Story: Apple Removes Fortnite from App Store; Epic Games Responds with Lawsuit

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Apple has removed spectacularly popular video game Fortnite from its App Store after accusing maker Epic Games of violating App Store Guidelines. Specifically, Epic has been encouraging users to make app payments directly to...more

Robins Kaplan LLP

Financial Daily Dose 6.17.2020 | Top Story: Consumer Spending Surged 17.7% in May, but Economists Warn of Yearslong Recovery Ahead

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May saw a huge jump in consumer activity to the tune of +17.7%, as Americans unleashed their pent-up demand. It was welcome news for markets and beyond, but “the underlying data presents a more complicated picture and shows...more

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