Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Editor’s note: A previous version of this report misstated analysts’ expectations for revenue in the fifth paragraph. AFP/Getty Images The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Credit Suisse Group AG (CS) said Wednesday that third-quarter net profit more than doubled, beatingRead More →

© Reuters. Apple Earnings, Revenue Beat in Q3 – Apple (NASDAQ:) reported earnings that topped expectations even as services growth missed expectations in the fiscal third quarter of the year. The firm reported earnings per share of $2.18 on revenue of $53.81B. Analysts polled by anticipated EPS ofRead More →

Editor’s note: This article was originally published on July 11, 2019, by Menzie Chinn here. At the NBER IFM Summer Institute session on exchange rates yesterday, the debate over the use of survey data rekindled. In Exchange Rate and Interest Rate Disconnect, Şebnem Kalemli-Özcan and Liliana Varela used survey dataRead More →

Editor’s note: Originally published at on July 28, 2019. [This post is an excerpt from a recent TSI commentary] Gold tends to perform well relative to commodities in general when inflation expectations are falling. The evidence is presented below in chart form. The first of the following charts showsRead More →