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Shares of KB Home KB, +2.79% rose more than 3% in the extended session Wednesday after the home builder reported fourth-quarter profit above expectations and sales that matched forecasts, saying it had to meet “healthy demand” for housing amid “extremely challenging” operating conditions. KB Home said it earned $174 million, or $1.91 a share, in […]

Powell’s speech disappointed proponents of the idea that the Fed is in a hurry to normalize policy with the pace priced in by market expectations, which were shaped after the release of the minutes of the December FOMC meeting. Despite assurances that the Fed will not allow high inflation to take root in consumers expectations, […]

US CPI In FocusThe main data focus today, and for the week as a whole, is the December US CPI reading. Given the high level of hawkish Fed expectations the market will be looking to today’s data to essentially confirm a March rate hike. While the December jobs number was weaker than expected, bulls are […]

The successful launch of YuzuSwap on Oasis Network suggests that demand for decentralized exchanges continues to grow following a record-breaking 2021. Source: Cointelegraph

Crypto assets are no longer on the fringe of the financial system, which raises financial stability concerns, a new IMF research argues. 6247 Total views 107 Total shares Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin […]

Oil prices climbed Wednesday to their highest settlement in about two months after the Energy Information Administration reported a weekly decline of 4.6 million barrels in U.S. crude inventories to 413.3 million barrels – the lowest since 2018. A larger-than-expected draw in U.S. crude-oil supplies coupled with a large draw at the Cushing, Okla., delivery […]