U.S. stock futures dip amid renewed Iran hostilities

Ray Dalio, founder of Bridgewater Associates, has softened his stance on Bitcoin (BTC -2.55%) over the years. In 2017, he called it a bubble and said it’s “not an effective storehold of wealth.” But now, in an article he published on Aug. 21, he recommended that investors hold “a bit of Bitcoin,” as he believes…

The Euro (EUR) trades with caution at around Monday’s low of 1.1500 against the US Dollar (USD) during the European trading session on Tuesday. The major currency pair is expected to remain volatile as investors await key United States (US) economic release this week to get meaningful cues regarding the interest rate outlook. At press…

ECB publishes indicative operational calendars for 2028

The broader S&P and Nasdaq indices are trading near new lows. What are the technicals telling traders? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Federal Reserve Chairman Kevin Warsh isn’t likely to oversee an increase in interest rates at this week’s Fed meeting, for at least three reasons. First, Warsh personally doesn’t seem to buy the arguments for hikes. Second, raising rates would undermine the outcomes of his task forces. And, third, a rate increase risks putting him on…

We develop a theory of firm wage dynamics that integrates the canonical wage-posting model à la Burdett and Mortensen (1998) with firm dynamics. Firms offer dynamic wage contracts under an equal-treatment constraint in the presence of search frictions. We provide an analytical characterization of equilibrium wage contracts and firm growth as functions only of the…